First Quantum Minerals (TSX:FM) said Thursday that Cobre Panama normal operations have resumed with COVID-19 protocols and the company is not expecting any additional disruptions.

The company released its operational performance.

First Quantum said Cobre Panama reached full production on the three SAG mill trains on August 8, slightly ahead of schedule after the operation had been placed on preservation and safe maintenance in early April by order of the Ministry of Health of the Republic of Panama.

“The focus is now on delivering consistent operational performance and maintaining the throughput rate of 85 million tonnes per annum for the remainder of the year. Production for 2020 is expected to be well within our existing guidance of between 180,000 and 200,000 tonnes of copper and 70,000 and 80,000 ounces of gold,” said the company.

The company said it is encountering declining oxide grades and recovery at its Kansanshi operation, but it is managing to deliver “consistent production” and “operate as expected.”

Guidance is set at 725,000 – 770,000 tonnes of copper, 230,000 – 250,000 ounces of gold and 15,000 – 17,000 tonnes of nickel for the full year 2020.

Stay Safe!!