First Quantum Posts Steady Q2 Results Amid Increased Copper Production
First Quantum Minerals Ltd., a Toronto-based mining company, reported its second-quarter 2026 results on July 28. The company posted net earnings attributable to shareholders of $136 million, or $0.16 per share, and an adjusted loss of $106 million, or $0.13 per share.
During the quarter, First Quantum continued to deliver steady operations and is well-positioned for improved production in the second half of the year. The S3 circuit at Kansanshi mine achieved the highest monthly processing rate in May 2026, while debottlenecking work at Sentinel and the processing of stockpiled ore at Cobre Panamá contributed to the increase in copper production.
The company's hedging program concluded as of June 30, 2026, leaving it fully exposed to copper prices. With stronger production expected in the second half of the year, First Quantum is positioned for improved free cash flow generation at current copper prices.