Government of Panama Approves Processing of Stockpiled Ore at Cobre Panamá
Franco-Nevada (TSX: FNV, NYSE: FNV) said its partner First Quantum received Panamanian government approval to remove, process and export stockpiled ore from Cobre Panamá extracted before the suspension of operations.
Rhea-AI Summary
Franco-Nevada (TSX: FNV, NYSE: FNV) said its partner First Quantum received Panamanian government approval to remove, process and export stockpiled ore from Cobre Panamá extracted before the suspension of operations.
First Quantum estimates ~38 million tonnes of stockpiled mineralized ore containing ~70,000 tonnes recoverable copper. Franco-Nevada expects processing to deliver approximately 23,000 gold ounces and 265,000 silver ounces to the company, as disclosed in its 2025 MD&A dated March 10, 2026.
Positive
- 38 million tonnes of stockpiled ore available for processing
- Estimated 70,000 tonnes of recoverable copper in stockpile
- Franco-Nevada expects 23,000 oz gold deliveries from processing
- Franco-Nevada expects 265,000 oz silver deliveries from processing
Negative
- None.
Details
News Market Reaction – FNV
On Apr 8, the first trading day after this news, FNV closed 1.51% above the previous close.
Data tracked by StockTitan Argus for the Apr 8 session.
Key Figures
- Stockpiled ore
- 38 million tonnes
- Total mineralized ore stockpile at Cobre Panamá
- Recoverable copper
- 70,000 tonnes
- Estimated recoverable copper contained in stockpile
- Gold deliveries
- 23,000 ounces
- Estimated gold deliveries to Franco-Nevada from processing
- Silver deliveries
- 265,000 ounces
- Estimated silver deliveries to Franco-Nevada from processing
- MD&A date
- March 10, 2026
- Date of 2025 Management's Discussion and Analysis referenced
Historical Context
-
Filed 2025 annual information, financial statements and MD&A with regulators.
-
Provided details and logistics for April 8, 2026 Investor Day event.
-
Reported record 2025 revenue, cash flow and 2026 GEOs guidance uplift.
-
Earnings and royalty revenue update for Altius Minerals referenced in context.
-
Announced A$220M package expanding Bullabulling gold project royalty exposure.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
management's discussion and analysis financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
For additional details, please refer to First Quantum's news release dated April 7, 2026.
First Quantum has estimated the total stockpile at approximately 38 million tonnes of mineralized ore at varying grades, containing approximately 70,000 tonnes of recoverable copper. Franco-Nevada estimates that processing of this material will result in deliveries to the Company of approximately 23,000 gold ounces and 265,000 silver ounces, as previously disclosed in Franco-Nevada's 2025 Management's Discussion and Analysis dated March 10, 2026.
Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, respectively, which may include, but are not limited to, statements with respect to the removal, processing and export of stockpiled ore at the Cobre Panamá mine and associated gold and silver deliveries to Franco-Nevada. There can be no assurance that such forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that forward-looking statements are not guarantees of future performance. Accordingly, investors should not place undue reliance on forward-looking statements due to the inherent uncertainty therein.
For additional information with respect to risks, uncertainties and assumptions relating to Franco-Nevada's business and assets, please refer to Franco-Nevada's most recent Annual Information Form filed with the Canadian securities regulatory authorities on www.sedarplus.com and Franco-Nevada's most recent Annual Report filed on Form 40-F filed with the SEC on www.sec.gov. The forward-looking statements herein are made as of the date of this press release only and Franco-Nevada does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law.
View original content:https://www.prnewswire.com/news-releases/government-of-panama-approves-processing-of-stockpiled-ore-at-cobre-panama-302736280.html
SOURCE Franco-Nevada Corporation
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.