https://newsletter-mw.creamermedia.com
Copper|Export|Gold|Maintenance|Operations
Copper|Export|Gold|Maintenance|Operations
copper|export|gold|maintenance|operations

Panama govt greenlights 38Mt stockpile movement from suspended First Quantum mine

First Quantum's Cobre Panamá mine

First Quantum's Cobre Panamá mine

8th April 2026

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

The government of Panama has formally approved the removal, processing and export of stockpiled ore from First Quantum Minerals’ Cobre Panamá copper mine that was extracted prior to the suspension of operations.

The company awaited a final decision by the Ministry of Commerce and Industries, which Panama Trade Minister Julio Molto committed to announcing imminently.  

The company has estimated the total stockpile to be about 38-million tonnes of mineralised ore at varying grades, containing about 70 000 t of recoverable copper.

First Quantum’s partner company, TSX-listed Franco-Nevada Corporation, says the processing of this material will result in deliveries to Franco-Nevada of about 23 000 oz of gold and 265 000 oz of silver.

The Cobre Panamá mine is a massive $15-billion openpit copper complex located 120 km west of Panama City, however, it has been on care and maintenance since late 2023 owing to public protests. Before closure, it produced 350 000 t/y of copper.

The Panama government’s approval of moving stockpile material from the mine out of the country marks a step in resolving the legal limbo surrounding the mine.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.05 2.37s - 107pq - 2rq
Subscribe Now