March 1, 2024

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First Quantum Provides Update on Panama

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(In United States dollars, except where noted otherwise)

TORONTO, Nov. 03, 2023 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) notes that during the week commencing October 30, 2023, the National Assembly of Panama held ordinary and extraordinary sessions concerning Bill 1109 and Bill 1110. Bill 1109 relates to the initially proposed popular consultation regarding Law 406. Law 406, enacted on October 20, 2023 by the National Assembly of Panama, approved the revised contract for the Cobre Panama mine agreed between the Company’s Panamanian subsidiary, Minera Panama S.A, (“MPSA”), and the Government of Panama. Bill 1110 originally proposed a moratorium on the granting of new concession contracts related to mining in Panama.

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2023-11-03 09:16:16

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