**First Quantum Minerals (FQVLF)** shares closed 5% higher at $30.17 following reports that Panama will release the final audit report of the Cobre Panamá mine. This project, which holds 3 billion tons of proven and probable mineral reserves, has been at a standstill since November 2023 due to a ruling on its contract’s constitutionality amidst national protests.
The upcoming quarterly earnings for First Quantum are projected at $0.08 per share, marking a 300% year-over-year increase, with revenues expected to reach $1.4 billion, up 14.5% from last year. However, the consensus EPS estimate has been revised 43.8% lower in the past month, indicating potential challenges ahead.
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