{"success":true,"data":{"pressRelease":{"id":"157170","rtpr_id":"nGNE4Z7Fbj-20260930","ticker":"FM","exchange":"TSX","all_tickers":["FM"],"title":"First Quantum Provides Update on Cobre Panamá","author":"Globe Newswire","published_at":"2026-09-30T17:53:22.221Z","article_body":"TORONTO, Sept. 30, 2026 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd.\n(“First Quantum” or the “Company”) (TSX: FM) notes the submission of\nthe studies, analysis and comprehensive audit report of Cobre Panamá and its\nrecommendations by the Ministerial Commission to the President of Panama.\n\nThe report includes seventeen recommendations. The first recommendation is\nfor:\n\nThe authorising of formal opening of negotiations with Cobre Panamá / First\nQuantum to assess the feasibility of a new agreement that would allow the\npending international arbitrations to be brought to an end and establish the\nconditions for a project to be put into operation that can achieve an orderly\nclosure, at no cost to the Nation and with no possibility of extension, while\ngiving absolute priority to the Nation's environmental, social and economic\ninterests, ensuring full transparency , and complying with the Supreme Court\nof Justice ruling and seeking the benefit of all Panamanians.\n\nThe report also recommends that any future framework:\n* Requires that the resources generated by the site be administered\ntransparently and translated into tangible, identifiable benefits for citizens\n(Recommendation 8).\n* Creates a mechanism that allocates resources to an environmental plan with a\nfixed, automatic, and irrevocable allocation from the State’s share of site\nrevenue (Recommendation 9).\n* Instructs the adoption of an institutional framework with genuine autonomy\nthat incorporates good governance practices, professional management,\ntransparency and long-term planning (Recommendation 10).\n* Requires the instruments to ensure that technical management remains\ninsulated from short-term political cycles (Recommendation 11).\n* Requires the final termination of the pending international arbitrations as\na mandatory condition for the implementation of any agreement (Recommendation\n17).\nFirst Quantum recognizes that a new agreement must respect Panama’s\nsovereignty, democratic institutions and the Government-led process. First\nQuantum will engage constructively and in good faith with the objective of\nestablishing a legal framework for Cobre Panamá that is fair, transparent,\ndurable, and aligned with Panama’s Constitution and laws.\n\nResponsible environmental management and stewardship of Cobre Panamá is\ncentral to First Quantum’s priorities for the mine. The Company is committed\nto working with the Government to ensure robust environmental safeguards,\neffective oversight and transparent monitoring of the Cobre Panamá mine.\n\nThe Company believes that a sustainable path forward for Cobre Panamá must\nprovide long-term stability for all stakeholders, including tangible economic\nbenefits for the people and country of Panama through employment, workforce\ndevelopment, procurement with local businesses and suppliers, community\ninvestment and broader economic contributions.\n\nThe Company awaits guidance from the Government of Panama on the next steps\nfor engagement following the announcement of the recommendations today.\n\nA copy of the Panamanian Ministerial Commission’s report can be found at\ntheir website at https://mici.gob.pa with a direct link to the report here\n(https://mici.gob.pa/wp-content/uploads/2026/09/20260930VDEF_Comision_Interministerial_Informe_Final_Presidente.pdf)\nor on the First Quantum website\n(https://www.first-quantum.com/operations/cobre-panama/).\n\nAbout First Quantum\n\nFirst Quantum is engaged in the production of copper, nickel and gold, and\nrelated activities including exploration and development. The Company has\noperating mines located in Zambia and Mauritania. The Company’s Cobre\nPanamá mine was placed into a phase of Preservation and Safe Management in\nNovember 2023. The Company’s Ravensthorpe mine was placed into a care and\nmaintenance process in May 2024. The Company is progressing the Taca Taca\ncopper-gold-molybdenum project in Argentina and is exploring the La Granja and\nHaquira copper deposits in Peru.\n\nFor further information, visit our website at www.first-quantum.com or\ncontact:\n\nInvestor Relations: \nBonita To, Director, Investor Relations & Capital Markets\n(416) 361-6400 \nToll-free: 1 (888) 688-6577\nE-Mail: info@fqml.com\n\nMedia Relations:\nJames Devas, Manager, Corporate Affairs\n+44 207 291 6630\nE-Mail: james.devas@fqml.com\n\nCAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION\n\nThis news release contains forward-looking information and forward-looking\nstatements within the meaning of applicable securities laws, including\nstatements regarding potential discussions and negotiations with the\nGovernment of Panama, the potential resolution of pending international\narbitrations, the possible development of a new legal framework for Cobre\nPanamá, and the anticipated environmental, social and economic benefits that\ncould result from any future framework.  Forward-looking statements and\ninformation by their nature are based on assumptions and involve known and\nunknown risks, uncertainties and other factors which may cause actual results\nto differ materially from those expressed or implied by such forward-looking\nstatements or information. These factors include, but are not limited to, the\ntiming, scope and outcome of discussions with the Government of Panama and\nother stakeholders, the ability of the parties to reach agreement on the terms\nof any future framework, the resolution of pending international arbitrations,\nlegal and regulatory developments in Panama, governmental actions and\ndecisions, political and social developments in Panama, environmental matters,\nand general economic, business and market conditions. Accordingly, readers\nshould not place undue reliance on forward-looking statements or information.\nThe Company undertakes no obligation to update or revise forward-looking\nstatements or information except as required by applicable law.","article_body_html":"","raw_payload":{"data":{"id":"nGNE4Z7Fbj-20260930","title":"First Quantum Provides Update on Cobre Panamá","author":"Globe Newswire","ticker":"FM","created":"2026-09-30T17:53:22.221Z","tickers":["FM"],"exchange":"TSX","article_body":"TORONTO, Sept. 30, 2026 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd.\n(“First Quantum” or the “Company”) (TSX: FM) notes the submission of\nthe studies, analysis and comprehensive audit report of Cobre Panamá and its\nrecommendations by the Ministerial Commission to the President of Panama.\n\nThe report includes seventeen recommendations. The first recommendation is\nfor:\n\nThe authorising of formal opening of negotiations with Cobre Panamá / First\nQuantum to assess the feasibility of a new agreement that would allow the\npending international arbitrations to be brought to an end and establish the\nconditions for a project to be put into operation that can achieve an orderly\nclosure, at no cost to the Nation and with no possibility of extension, while\ngiving absolute priority to the Nation's environmental, social and economic\ninterests, ensuring full transparency , and complying with the Supreme Court\nof Justice ruling and seeking the benefit of all Panamanians.\n\nThe report also recommends that any future framework:\n* Requires that the resources generated by the site be administered\ntransparently and translated into tangible, identifiable benefits for citizens\n(Recommendation 8).\n* Creates a mechanism that allocates resources to an environmental plan with a\nfixed, automatic, and irrevocable allocation from the State’s share of site\nrevenue (Recommendation 9).\n* Instructs the adoption of an institutional framework with genuine autonomy\nthat incorporates good governance practices, professional management,\ntransparency and long-term planning (Recommendation 10).\n* Requires the instruments to ensure that technical management remains\ninsulated from short-term political cycles (Recommendation 11).\n* Requires the final termination of the pending international arbitrations as\na mandatory condition for the implementation of any agreement (Recommendation\n17).\nFirst Quantum recognizes that a new agreement must respect Panama’s\nsovereignty, democratic institutions and the Government-led process. First\nQuantum will engage constructively and in good faith with the objective of\nestablishing a legal framework for Cobre Panamá that is fair, transparent,\ndurable, and aligned with Panama’s Constitution and laws.\n\nResponsible environmental management and stewardship of Cobre Panamá is\ncentral to First Quantum’s priorities for the mine. The Company is committed\nto working with the Government to ensure robust environmental safeguards,\neffective oversight and transparent monitoring of the Cobre Panamá mine.\n\nThe Company believes that a sustainable path forward for Cobre Panamá must\nprovide long-term stability for all stakeholders, including tangible economic\nbenefits for the people and country of Panama through employment, workforce\ndevelopment, procurement with local businesses and suppliers, community\ninvestment and broader economic contributions.\n\nThe Company awaits guidance from the Government of Panama on the next steps\nfor engagement following the announcement of the recommendations today.\n\nA copy of the Panamanian Ministerial Commission’s report can be found at\ntheir website at https://mici.gob.pa with a direct link to the report here\n(https://mici.gob.pa/wp-content/uploads/2026/09/20260930VDEF_Comision_Interministerial_Informe_Final_Presidente.pdf)\nor on the First Quantum website\n(https://www.first-quantum.com/operations/cobre-panama/).\n\nAbout First Quantum\n\nFirst Quantum is engaged in the production of copper, nickel and gold, and\nrelated activities including exploration and development. The Company has\noperating mines located in Zambia and Mauritania. The Company’s Cobre\nPanamá mine was placed into a phase of Preservation and Safe Management in\nNovember 2023. The Company’s Ravensthorpe mine was placed into a care and\nmaintenance process in May 2024. The Company is progressing the Taca Taca\ncopper-gold-molybdenum project in Argentina and is exploring the La Granja and\nHaquira copper deposits in Peru.\n\nFor further information, visit our website at www.first-quantum.com or\ncontact:\n\nInvestor Relations: \nBonita To, Director, Investor Relations & Capital Markets\n(416) 361-6400 \nToll-free: 1 (888) 688-6577\nE-Mail: info@fqml.com\n\nMedia Relations:\nJames Devas, Manager, Corporate Affairs\n+44 207 291 6630\nE-Mail: james.devas@fqml.com\n\nCAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION\n\nThis news release contains forward-looking information and forward-looking\nstatements within the meaning of applicable securities laws, including\nstatements regarding potential discussions and negotiations with the\nGovernment of Panama, the potential resolution of pending international\narbitrations, the possible development of a new legal framework for Cobre\nPanamá, and the anticipated environmental, social and economic benefits that\ncould result from any future framework.  Forward-looking statements and\ninformation by their nature are based on assumptions and involve known and\nunknown risks, uncertainties and other factors which may cause actual results\nto differ materially from those expressed or implied by such forward-looking\nstatements or information. These factors include, but are not limited to, the\ntiming, scope and outcome of discussions with the Government of Panama and\nother stakeholders, the ability of the parties to reach agreement on the terms\nof any future framework, the resolution of pending international arbitrations,\nlegal and regulatory developments in Panama, governmental actions and\ndecisions, political and social developments in Panama, environmental matters,\nand general economic, business and market conditions. Accordingly, readers\nshould not place undue reliance on forward-looking statements or information.\nThe Company undertakes no obligation to update or revise forward-looking\nstatements or information except as required by applicable law."},"type":"article","timestamp":"2026-09-30T17:53:22.32048772Z","server_sent_at_ms":1790790802320},"received_at":"2026-09-30T17:53:22.371Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}