Overview

* First Quantum Q2 adjusted EPS beats analyst expectations, per LSEG data

* The miner's net earnings for Q2 2025 at $18 mln, $0.02 per share

* Co received approval for copper concentrate export at Cobre Panamá

Outlook

* Company maintains 2025 copper production guidance at 380,000 to 440,000 tonnes

* First Quantum reaffirms 2025 gold production of between 135,000 and 155,000 ounces

* Company maintains 2025 nickel production guidance at 15,000 to 25,000 tonnes

* The Kansanshi

S3 Expansion project on schedule for first production in the second half of2025

Result Drivers

* COPPER EXPORTS - Approval for copper concentrate export at Cobre Panamá contributed to higher copper sales volumes

* GOLD SALES - Higher gold sales volumes and realized prices boosted Q2 financial results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $0.02 -$0.02

Adjusted (13

EPS Analysts

)

Q2 EPS $0.02

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialty mining & metals peer group is "buy"

* Wall Street's median 12-month price target for First Quantum Minerals Ltd ( FQVLF ) is C$24.00, about 1.4% below its July 22 closing price of C$24.33

* The stock recently traded at 51 times the next 12-month earnings vs. a P/E of 79 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)