First Quantum raises 2020 copper production guidance after strong Q3

First Quantum Minerals has increased its 2020 group copper production guidance to 750,000-785,000 tonnes, citing the resumption of normal operations at its Cobre Panama project and new production records at almost all of its sites.

In July, the Vancouver, Canada-headquartered company said it was expecting 2020 group copper production of 725,000-770,000 tonnes.
Company chairman and chief executive officer Philip Pascall said in a third-quarter earnings statement that the three-month period was strong from an operational and financial perspective.

"Cobre Panama restarted normal operations and was back into full production well ahead of schedule," he noted. "Almost all of our operations delivered...

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