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According to the company’s statement, the quarter-over-quarter increase in production was entirely attributable to Cobre Panama, which achieved quarterly records in mining volumes, throughput, and production. The company noted that copper C1 cash cost averaged $1.74 per lb in Q2 2022, up from $1.61 per lb in Q1 2022, adding that various inputs and operational costs continued to increase further during the second quarter.
In Q2 2022, First Quantum reported net earnings attributable to shareholders of $419 million , compared to net earnings of $385 million in Q1 2022 and net earnings of $140 million in Q2 2021.