First Quantum sees positive momentum continuing into H2

After a challenging start to the year, First Quantum Minerals has made significant strides during the second quarter, witnessing notable improvements at its three major operations. This momentum has set the stage for the company to achieve its production targets for 2023, albeit landing at the lower end of its guidance range.

Total copper production for the second quarter was 187 175 t, an increase of 35% from the first quarter. The quarter-on-quarter increase in production was attributable to an improvement in grades at Cobre Panamá, in Panama, Kansanshi and Sentinel, in Zambia, and higher throughput at Cobre Panamá and Sentinel.