First Quantum Minerals Exceeds Estimates in Q2 2026 with Strong Sales Revenue

First Quantum Minerals Ltd. reported its second-quarter results for 2026, featuring sales revenues of $1.522 billion, surpassing the revised analyst consensus estimate by 7.48%. This represents a 24.14% increase from Q2 2025's $1.226 billion in sales.

The company posted net earnings attributable to shareholders of $136 million ($0.16 per share) while recording an adjusted loss of $106 million ($0.13 adjusted loss per share). EBITDA for the quarter reached $400 million, a $74 million increase from Q1 2026, driven by strong copper sales volumes and higher realized copper prices.

During the quarter, Cobre Panamá successfully commissioned its first milling circuit, enabling concentrate production earlier than expected. The processing of stockpiled ore at Cobre Panamá was authorized on April 7, 2026, with approximately 2.1 million tonnes of ore processed at an average head grade of 0.23% and recoveries of 67%. Total site employment increased from approximately 2,350 employees in early April to 3,000 employees by end of June.