First Quantum Minerals to Spend $20M Monthly on Idled Cobre Panamá Mine Maintenance

Published: Jun 4, 2025 19:22

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First Quantum Minerals will spend approximately $20 million a month to maintain its idled Cobre Panamá copper mine under a recently approved care and maintenance plan.Roderick Gutiérrez, president of the Panamanian Mining Chamber, said the cost would be covered by selling copper concentrate stored at the site. The company currently has 121,000 tonnes of concentrate, though some has deteriorated after nearly two years of inactivity.

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