05:37 PM EST, 02/11/2025 (MT Newswires) -- First Quantum Minerals ( FQVLF ) , after trade Tuesday, said it swung to a fourth quarter profit on slightly higher revenue.

The company said its adjusted earnings, excluding most one-time items, stood at US$31 million, or US$0.04 per share, compared with a loss of US$259 million, or US$0.37, in the year-prior period.

Revenue rose to US$1.26 billion from US$1.22 billion a year earlier.

The company said financial results are still affected by the suspension of its Cobre Panama project. In an update, the company said the preservation and safe management program, which would allow the shipment of copper concentrate still on site, is still waiting for approval from Panamanian authorities. The final hearing for the International Chamber of Commerce proceedings has been rescheduled to February 2026.

The company's shares closed down $0.97 to $18.83 on the Toronto Stock Exchange.