At Sentinel, the updated mine plan prioritizes the accelerated mining of lower-grade oxidized and transitional ore in Stages 3 and 4, combined with increased waste stripping, to secure long-term ore supply and reduce future operational risks.
CEO Tristan Pascall said Wednesday the company was resilient despite these headwinds.
“Our focus remains on advancing key projects while strengthening our balance sheet to support sustainable growth,” he said in a release.
First Quantum Minerals shares trading in Toronto fell as much as 4.3% on Thursday morning before closing at C$18.73, down 3.8%. The stock has ranged between C$10.91 and C$21.45 over the past 12 months and it has a market capitalization of C$15.6 billion ($10.8bn).
Panama impasse
Challenges persist at Cobre Panama, where production remains halted. The mine holds 121,000 dry tonnes of copper concentrate awaiting shipment as First Quantum awaits…
