First Quantum Shares Surge as Copper Rally Brings Cobre Panama Back in Focus
First Quantum Minerals shares rose 7.77% to C$39.58 in Toronto by midday Monday, after Panama allowed the company to process and export copper stockpiles from the closed Cobre Panama mine. Copper prices climbed 0.9% to $13,624.32 a ton in London. Canada’s main stock index hit a record, driven by mining gains. First Quantum raised its 2026 copper production outlook, citing the stockpile plan.