First Quantum Minerals Ltd. reports a net loss of $48 million in Q3 2025, with adjusted loss per share of $0.02. The company made progress on strengthening its balance sheet with a $1 billion gold stream arrangement. Production improved, with copper production reaching 104,626 tonnes, a 15% increase from the previous quarter.

Operational highlights for Q3 2025 include a total copper production of 104,626 tonnes, with higher production from Sentinel and Kansanshi. Kansanshi reported an increase in production due to the S3 Expansion project, while Sentinel saw improved performance. Enterprise reported a 44% increase in nickel production, with higher throughput and recoveries.

First Quantum updates its 2025 guidance for copper, gold, and nickel production. Copper production guidance is narrowed to 390,000 – 410,000 tonnes, gold production to 140,000 – 150,000 ounces, and nickel production to 18,000 – 23,000 tonnes. Copper and gold production are expected to exceed third quarter levels in the fourth quarter.

The company expects to restart the power plant at Cobre Panama in Q4 2025 following the completion of maintenance refurbishment and preservation activities. The power plant is anticipated to restart with the first 150MW unit in November. Additionally, the environmental study for Cobre Panama is progressing, along with preservation strategies for asset safety and integrity.

First Quantum Minerals Ltd. entered into a gold streaming agreement with Royal Gold, receiving a $1 billion upfront cash payment. The agreement allows the company to maintain exposure to copper production at Kansanshi while enhancing liquidity. Senior notes transactions were also executed to extend debt maturity to 2029.

The Company’s sustainability efforts include repurposing industrial land for green energy at Pyhäsalmi, where a solar park was inaugurated. The park features 22,800 panels with an estimated annual output of 10 GWh. Safety milestones and community engagement programs are also highlighted in the report, showcasing the company’s commitment to sustainability.

Read more at GlobeNewswire: First Quantum Minerals Reports Third Quarter 2025 Results