First Quantum profit up by 51%
First Quantum announced a 51% increase in gross profit as the 41% higher net realized copper price more than offset the lower sales volume.
There was a 3% decrease in copper production from the Kansanshi and Guelb Moghrein mines due to maintenance-related downtime at both operations and the processing of low-grade, high acid consuming oxide ore at Kansanshi.
