First Quantum Minerals Targets Debt Reduction and Cobre Panama Production Ramp-up
First Quantum Minerals (FM:CA) reported improved financial performance in Q3 2026, driven largely by favorable copper prices following the conclusion of its hedge book. CEO Tristan Pascall noted that these market conditions contributed to a meaningful boost in the company's quarterly results. The company is focusing on operational recovery and balance sheet strengthening. Key objectives include ramping up production at Cobre Panama to 80% capacity within the next six to nine months and aggressively reducing its net debt-to-EBITDA ratio toward a target of 1x.
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