First Quantum Minerals Ltd
FQVLF · OTC · producer · market cap $28.6B as of 24 Aug 2026
What First Quantum Minerals Ltd's own filings say about its costs, margins and results, every figure cited.
First Quantum Minerals Ltd share price
- Latest C1 cash cost$2.54/lbrelease
- Copper produced, attributable100,487source
- Next report27 Octprior report
Company-reported data · Fixed cohorts · No estimated costs
How to read these figures
- Primary sources: every figure is the company's own, cited to the release or filing it came from.
- Fixed cohorts: the companies in each median are set for the calendar year, so a median never moves because membership moved.
- No modelled costs: no cost or margin here is estimated by us; where a company states no figure, the page says so.
About First Quantum Minerals Ltd
First Quantum Minerals Ltd. is engaged in the production of copper, nickel and gold, with operating mines located in Zambia, Türkiye and Mauritania. Its Cobre Panamá mine was placed into Preservation and Safe Management (P&SM) in November 2023, and its Ravensthorpe mine into care and maintenance in May 2024. The company is progressing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring the La Granja and the Haquira copper deposits in Peru. The Kansanshi S3 Expansion declared commercial production as of December 1, 2025. The company received formal approval of the P&SM program for the Cobre Panamá mine from the Government of Panama, and approximately 122,520 dry metric tonnes of copper concentrate was shipped in 2025. In August, the company entered into a gold streaming agreement with RGLD Gold AG, a wholly-owned subsidiary of Royal Gold, Inc., receiving a $1.0 billion upfront cash payment in exchange for gold deliveries referenced to copper production from the Kansanshi mine. In December 2025, its wholly-owned subsidiary Cobre Las Cruces S.A.U. entered into a binding agreement to sell the Las Cruces mine in Spain for up to $190 million.
Costs and margins
- Price, quarter average
- $6.06/lb
- C1 cash cost
- $2.54/lb
- C1 margin
- $3.52/lb
- C1 margin, % of price
- 58.1%
Latest C1 cash cost $2.54 per pound. Copper miners: median C1 cash cost $2.04 per pound, Q2 2026, 14 reporters. 12 lowest of 14 copper miners reporting Q2 2026.
| Category | Copper price (quarterly average) | C1 cash cost |
|---|---|---|
| Q3 2025 | $4.45 | $1.95 |
| Q4 2025 | $5.04 | $2.21 |
| Q1 2026 | $5.82 | $2.51 |
| Q2 2026 | $6.06 | $2.54 |
| Category | Copper price (quarterly average) | C1 cash cost |
|---|---|---|
| Q3 2025 | $4.45 | $1.95 |
| Q4 2025 | $5.04 | $2.21 |
| Q1 2026 | $5.82 | $2.51 |
| Q2 2026 | $6.06 | $2.54 |
C1 cash cost and the average copper price by quarter, newest first, US$ per pound; every row cites the company's own release.
Its panel on the Miner Margins page carries the cohort it sits in and the basis notes.
Production and guidance
Q2 2026, as reported
- Copper produced, attributable
- 100,487 tonnes
- Prior-quarter copper production
- 96,469 tonnes
More ways to compare First Quantum Minerals Ltd
- C1 cash cost
- Rank 12 of 14View comparable rankings
First Quantum's mines and operations
Mine-by-mine operating data will be added as company filings are reviewed.
Financials, as filed
Key financials
- Revenue
- $2.9B
- Net income
- -$60.0M
- Operating cash flow
- $550.0M
- Capital expenditure
- $588.0M
- Cash and equivalents
- $779.0M
- Debt
- $6.2B
- EPS (diluted)
- $-0.07
Rounded from the figures as filed; the exact figures, concepts and filings are below.
Figures as filed, with concept, provenance and filing
| Measure | Period | Value | Provenance | Filing |
|---|---|---|---|---|
| Revenue statement:revenue | FY 2025 | $5,237,000,000 | extracted from filed statements, p. 43 | Financial Statements · 10 Feb 2026 |
| Revenue statement:sales-revenues | H1 2026 | $2,926,000,000 | extracted from filed statements, p. 2 | Interim Financial Statements · 28 Jul 2026 |
| Net income statement:net-loss | FY 2025 | -$28,000,000 | extracted from filed statements, p. 14 | Financial Statements · 10 Feb 2026 |
| Net income statement:net-earnings-loss-attributable-to-shareholders-of-the-company | H1 2026 | -$60,000,000 | extracted from filed statements, p. 2 | Interim Financial Statements · 28 Jul 2026 |
| EPS (basic) statement:basic | H1 2026 | $-0.07 | extracted from filed statements, p. 2 | Interim Financial Statements · 28 Jul 2026 |
| EPS (diluted) statement:diluted | H1 2026 | $-0.07 | extracted from filed statements, p. 2 | Interim Financial Statements · 28 Jul 2026 |
| Operating cash flow statement:net-cash-from-operating-activities | FY 2025 | $2,082,000,000 | extracted from filed statements, p. 12 | Financial Statements · 10 Feb 2026 |
| Operating cash flow statement:net-cash-from-operating-activities | H1 2026 | $550,000,000 | extracted from filed statements, p. 4 | Interim Financial Statements · 28 Jul 2026 |
| Capital expenditure statement:purchase-and-deposits-on-property-plant-and-equipment | FY 2025 | $1,134,000,000 | extracted from filed statements, p. 12 | Financial Statements · 10 Feb 2026 |
| Capital expenditure statement:purchase-and-deposits-on-property-plant-and-equipment | H1 2026 | $588,000,000 | extracted from filed statements, p. 4 | Interim Financial Statements · 28 Jul 2026 |
| Cash and equivalents statement:cash-and-cash-equivalents | FY 2025 | $716,000,000 | extracted from filed statements, p. 13 | Financial Statements · 10 Feb 2026 |
| Cash and equivalents statement:cash-and-cash-equivalents | H1 2026 | $779,000,000 | extracted from filed statements, p. 5 | Interim Financial Statements · 28 Jul 2026 |
| Debt statement:debt-non-current | FY 2025 | $5,050,000,000 | extracted from filed statements, p. 13 | Financial Statements · 10 Feb 2026 |
| Debt statement:total-debt | H1 2026 | $6,178,000,000 | extracted from filed statements, p. 11 | Interim Financial Statements · 28 Jul 2026 |
| Shares outstanding statement:total-shares-issued-and-outstanding-000-s | H1 2026 | 834,206,000 | extracted from filed statements, p. 2 | Interim Financial Statements · 28 Jul 2026 |
Filings
No filings are currently available in SilverTrade's dataset for this company.
How to read this page
Costs are the company's own consolidated all-in sustaining cost (gold, silver) or C1 cash cost (copper), as stated, on the basis the company states; the reference price is the quarter's average from World Bank Commodity Price Data (CC BY 4.0); the margin is that price less the stated cost, a production-cost spread and not company net profit; financials are as filed in the filing currency, never converted; report dates are confirmed from the company's notice or estimated from its own past pattern and say which. The full methodology is on the Miner Margins page.