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First Quantum Minerals (FM) investor relations material
First Quantum Minerals AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
The meeting was called to order by the Chair, with a hybrid format allowing both in-person and virtual participation.
Board members, executive officers, the auditor, and transfer agent were introduced.
Shareholders were encouraged to submit questions on formal business items prior to voting.
Board and executive committee updates
The Board and executive team were introduced, including the CEO, CFO, and COO.
The management nominated 10 individuals for election as directors for the ensuing year.
Financial performance review
Achieved 2025 copper production target of 396,000 tons; gold and nickel production exceeded revised guidance.
Generated $2.1 billion in operating cash flows and $1.7 billion in EBITDA, reducing net debt by $338 million.
Entered a $1 billion gold stream agreement and extended debt maturities to 2029, improving liquidity.
- Net loss of $196M in Q1 2026; guidance raised for copper output, costs, and capex.FM
Q1 202630 Apr 2026 - Q4 earnings reached $99M, Kansanshi S3 on track, and Cobre Panamá remains suspended.FM
Q4 202430 Mar 2026 - Q4 2025 saw improved profits, Kansanshi S3 ramp-up, and enhanced financial flexibility.FM
Q4 202511 Feb 2026 - Q2 2024 delivered higher copper output and profits, but Cobre Panamá remains suspended.FM
Q2 20243 Feb 2026 - Copper output and earnings surged in Q3 2024, but Cobre Panamá remains suspended.FM
Q3 202419 Jan 2026 - Q3 2025 delivered higher production, improved liquidity, and Kansanshi S3 ramped up ahead of plan.FM
Q3 202515 Jan 2026 - Record copper output, board renewal, and all resolutions approved amid Cobre Panamá challenges.FM
AGM 20258 Jan 2026 - Net loss of $23M in Q1 2025; Kansanshi S3 Expansion and liquidity initiatives advanced.FM
Q1 202521 Dec 2025 - $1B gold stream boosts annual deliveries, liquidity, and portfolio diversification.FM
Status Update23 Nov 2025
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Next First Quantum Minerals earnings date
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