First Quantum Minerals (TSX:FM) Posts Q2 2025 Net Earnings of USD 18Mn Amid Lower Copper Output

Thu 24 Jul 25, 09:05 AM | Team Kalkine

Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • First Quantum reported Q2 2025 net earnings of USD 18 million and EBITDA of USD 400 million.
  • Copper production fell 9% quarter-over-quarter to 91,069 tonnes, while gold output reached 27,764 ounces.
  • Net debt decreased by USD 334 million to USD 5.45 billion due to cash inflows from copper prepayment.

First Quantum Minerals Ltd. (TSX:FM) reported net earnings attributable to shareholders of USD 18 million (USD 0.02 per share) for the second quarter of 2025, with adjusted earnings of USD 17 million (also USD 0.02 per share). EBITDA reached USD 400 million, up from USD 377 million in the first quarter, supported by higher realized copper and gold prices and increased gold sales volumes.

Total copper production for the quarter was 91,069 tonnes, representing a 9% decline from the previous quarter, mainly due to reduced output at Kansanshi. C1 cash cost for copper rose USD 0.05 per pound to USD 2.00, driven by lower production volumes. Copper sales totaled 101,173 tonnes, benefiting from the export of 8,248 tonnes from Cobre Panamá, where shipments resumed after government approval of the Preservation and Safe Management (P&SM) plan.

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