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Quarterly Update - Q3 2025

The third quarter of 2025 was an extremely productive period for First Quantum; the culmination of our collective efforts across recent months and years to achieve some significant milestones:

  • Delivery of S3 and commencement of ramp up to full production in 2026;
  • Construction of the rail run conveyor at Sentinel, new technology which is the first of its kind;
  • A new partner in Royal Gold who has invested $1 billion in the gold stream from Kansanshi mine, alongside our ongoing partnership with ZCCM-IH and the Government of Zambia;
  • Concrete progress towards resolution in Panama;

In this video update, Tristan reiterates the focus on lean and safe production across all our operations, the ongoing proactive management of our balance sheet and liquidity position, further details on the successful near-completion of S3 – with the first concentrate produced in August – and good progress on the implementation of the Preservation & Safe Management program at Cobre Panama.

Tristan Pascall - CEO, First Quantum Minerals

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