First Quantum Minerals (FM) AGM 2026 summary

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.