Cobre Panamá · Copper: copper contained in concentrate production 2023 and guidance
As of 2026-10-25 · Observation periods are shown separately.
Cobre Panamá is a copper operation in PA operated by First Quantum (Minera Panamá). In 2023 (2023-01-01 – 2023-12-31) it produced 330,863 t of copper contained in concentrate on a 100% project basis, as disclosed by First Quantum. The tables below keep each disclosure's own period and source; a later actual does not establish whether the original expectation was met. 2026-01-01 – 2026-12-31 · FY · full year
Compare the disclosures
Match the period, product, production boundary and ownership basis before subtracting. These examples retain the dates of the original disclosures.
Calculation checked on 2026-10-25 · Maintenance: MetalsGoWhere; update when the underlying disclosure changes.
Did the narrower 2023 range also raise its midpoint?
Guidance midpoint raised 1.37%
Reference guidance
350–380 kt
Revised guidance
365–375 kt
0425.6 kt
2023 · Copper contained in concentrate · 100% project basis
Lower bound change
+15,000 t (+4.29%)
Upper bound change
-5,000 t (-1.32%)
Midpoint change
+5,000 t (+1.37%)
Check values, sources and calculation
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Reference
Value / disclosure date
Observation period / basis
Original source / location
Reference disclosure
350,000–380,000 t2023-01-16
2023-01-01 / 2023-12-31Copper contained in concentrate · 100% project basis
Recompute in tonnes. A midpoint is an arithmetic reference, not an issuer point forecast. Percentage changes use the corresponding reference value; a zero denominator has no percentage.
Nil periods are not stored as zero and no annual total is formed for them. The 2024 guidance withdrawal is explicit; the 2025 withdrawal is read from guidance tables that exclude Cobre Panamá and carries the last published range rather than a new number. Concentrate sales from stockpile are a separate table on a sales basis and are not production. First Quantum describes the 2026 activity as stockpile processing, not a mine restart.
Does the suspended range remain an active target?
No direct calculation
Guidance was withdrawn or suspended; the carried range is not an active forecast.
Check values, sources and calculation
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Reference
Value / disclosure date
Observation period / basis
Original source / location
Reference disclosure
365,000–375,000 t2023-10-24
2023-01-01 / 2023-12-31Copper contained in concentrate · 100% project basis
Nil periods are not stored as zero and no annual total is formed for them. The 2024 guidance withdrawal is explicit; the 2025 withdrawal is read from guidance tables that exclude Cobre Panamá and carries the last published range rather than a new number. Concentrate sales from stockpile are a separate table on a sales basis and are not production. First Quantum describes the 2026 activity as stockpile processing, not a mine restart.
Can 2023 mine output be treated as 2026 stockpile processing?
No direct calculation
The observation periods do not match this calculation. The disclosure types do not support this calculation.
Check values, sources and calculation
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Reference
Value / disclosure date
Observation period / basis
Original source / location
Reference disclosure
330,863 t2024-02-20
2023-01-01 / 2023-12-31Copper contained in concentrate · 100% project basis
Nil periods are not stored as zero and no annual total is formed for them. The 2024 guidance withdrawal is explicit; the 2025 withdrawal is read from guidance tables that exclude Cobre Panamá and carries the last published range rather than a new number. Concentrate sales from stockpile are a separate table on a sales basis and are not production. First Quantum describes the 2026 activity as stockpile processing, not a mine restart.
Cite this page with its project, observation period and calculation checked date. Historical examples do not establish today’s operating status or losses caused by an event.
Questions this evidence can answer
Checked: 2026-10-08 · Added: 2026-10-08
What happened to Cobre Panamá's guidance, and what has it produced since 2023?
2023 guidance of 350,000–380,000 t was narrowed to 365,000–375,000 t in October 2023 and suspended on 1 December 2023; the printed 2023 outcome is 330,863 t. Production was printed as nil from the first quarter of 2024 through the first quarter of 2026. The 2026 guidance of 30,000–40,000 t covers processing of stockpiled ore only; second-quarter 2026 output was 3,216 t.
Nil periods are not stored as zero and no annual total is formed for them. The 2024 guidance withdrawal is explicit; the 2025 withdrawal is read from guidance tables that exclude Cobre Panamá and carries the last published range rather than a new number. Concentrate sales from stockpile are a separate table on a sales basis and are not production. First Quantum describes the 2026 activity as stockpile processing, not a mine restart.
