First Quantum makes progress towards Panama mine restart - Bloomberg
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2025
0mins
Source: SeekingAlpha
Cobre Panama Mine Developments: First Quantum Minerals is preparing to ship 120K metric tons of stranded copper from its Cobre Panama mine, which was shut down in late 2023. Franco-Nevada has agreed to halt arbitration against Panama, facilitating negotiations for a potential restart of the mine.
Community and Government Response: A march by mine workers and local communities is planned to advocate for the resumption of operations at Cobre Panama, amidst ongoing anti-mining sentiment that contributed to its closure. The ability of the Panamanian government to address these sentiments remains uncertain.
Analyst Views on FNV
Wall Street analysts forecast FNV stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FNV is 236.43 USD with a low forecast of 210.00 USD and a high forecast of 270.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 258.320
Low
210.00
Averages
236.43
High
270.00
Current: 258.320
Low
210.00
Averages
236.43
High
270.00
About FNV
Franco-Nevada Corporation is a Canada-based gold-focused royalty and streaming company. The Company’s segments include precious metals, other mining and energy. The Company’s portfolio is diversified by commodity, geography and asset. Its assets include Candelaria, Antapaccay, Antamina, Condestable, Tocantinzinho, Cerro Moro, Salares Norte, Cascabel (Alpala), Posse (Mara Rosa), CentroGold (Gurupi), Calcatreu, and San Jorge. Its other mining assets include NuevaUnion, Taca Taca, Caserones, Copper World Project, Ring of Fire, Mt Keith, Crawford, Robinson, EaglePicher, Copper World Project, and Milpillas. Its United States assets include Stillwater, Goldstrike, Gold Quarry, Marigold, Bald Mountain, South Arturo, Mesquite, Castle Mountain, Stibnite Gold, Sterling, Granite Creek (Pinson) and Arthur Gold Project. Its Canadian assets include Detour Lake, Sudbury, Hemlo, Brucejack, Macassa (Kirkland Lake), Dublin Gulch (Eagle), Musselwhite, and Timmins West.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
