First Quantum preparing for post-election talks in Panama

He declined on an earnings call to speculate on the outcome of the May 5 vote, saying the company is prepared to work with whichever party is elected on moving toward a solution for the Cobre Panama mine.

The Toronto-headquartered mining company suspended production at the open-pit copper mine in Panama in November following widespread protests and a court ruling that found the agreement covering the mine was unconstitutional. Pascall says that while a faster the mine restart would make it easier to carry out, the company isn't planning on a quick resolution of the issue.

He says the company plans to keep listening on issues of sovereignty and approaching conversations with humility. The company reported a US$159 million loss after markets Tuesday, while last quarter it reported a $1.04-billion loss related to the mine shutdown.The Canadian Press

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