The committee suggested that President Jose Raul Mulino’s administration negotiate a temporary restart of the currently idled mine to generate the revenue necessary to fund the eventual closure. Panamanian officials stated that paying for the closure of the site directly is not a viable option for the state.
Tuesday, October 20, 2026
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First Quantum Shares Sink 26% in Worst Drop Since 2023
Commodities20 days ago
A ministerial committee in Panama has urged the government to coordinate an orderly shutdown of the Cobre Panama copper mine. The recommendation triggered a selloff of First Quantum shares in Toronto on Wednesday, which plummeted 26% and marked the company's steepest single-day decline since 2023 before trading was halted.
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