Over 25% of copper supply facing ESG hurdles: study
About 6.4 million tonnes of copper production capacity, equal to more than one-quarter of global mine output, are stalled or suspended due to environmental, social, and governance (ESG), a new…
First Quantum Minerals
Copper price to surge past $11,000 in 2026, BofA says
Bank of America (BofA) has raised its copper price forecasts, pointing to widespread mine disruptions and steady demand as the metal tightens across global markets. The bank now expects copper…
AI demand seen pushing copper price longer term
The copper price faces short-term headwinds from trade wars and weakening United States consumption, but longer-term demand from artificial intelligence and grid electrification is set to overwhelm supply, Red Cloud…
Panama to discuss First Quantum copper mine restart
Panama may open talks early next year with First Quantum Minerals (TSX: FM) on the possible restart of its shuttered Cobre Panamá copper mine. Commerce Minister Julio Moltó told local…
Aldebaran suggests $1.5B to build Altar in Argentina
Aldebaran Resources (TSXV: ALDE; US-OTC: ADBRF) says an economic study due next month on its Altar copper-gold project in Argentina will contain a $1.5-billion (C$2.09-billion) construction figure. The preliminary economic…
First Quantum restructures debt
First Quantum Minerals (TSX: FM) says it’s restructuring its debt to take advantage of favourable bond markets. On Tuesday, the copper producer issued an update to its 6.875% 2027 senior…
First Quantum scores $1B Royal Gold streaming deal
Canadian miner First Quantum Minerals (TSX: FM) has secured a $1-billion (C$1.38 billion) gold streaming deal with a subsidiary of Royal Gold (Nasdaq: RGLD), the companies announced Tuesday. The agreement…
Agnico, Barrick lead the pack of top Canada miners
Agnico Eagle Mines (TSX, NYSE: AEM) tops our list of Canadian miners by market value at $81.9 billion (US$59.8 million) at press time. Agnico operates the country’s biggest gold mines…
Citizens rally to reopen Cobre Panama copper mine
Thousands of former workers, members of supplier companies and residents around First Quantum Minerals’ (TSX: FM) giant Cobre Panama copper mine rallied for the government to reopen the major employer…
First Quantum faces $20M monthly bill in Panama
First Quantum Minerals (TSX: FM) will spend about $20 million a month to maintain its idled Cobre Panamá copper mine under a recently approved care and maintenance plan. Roderick Gutiérrez,…
Panama OKs First Quantum’s copper mine care plan
Panama has approved First Quantum Minerals’ (TSX: FM) maintenance plan for the shuttered Cobre Panama copper mine, clarifying that this does not signal a restart of operations. Trade and Industry…
First Quantum mine closure sucks $1.7B from Panama
First Quantum Minerals (TSX: FM) says its shuttered copper mine in Panama would have contributed more than $1.7 billion (C$2.38 billion) to the Latin American nation’s economy had it remained…