First Quantum Minerals Ltd. · TSX:FM
First Quantum Minerals — RBC Global Mining & Materials Conference 2026
18 slides from First Quantum Minerals's conference presentation, Jun 11, 2026
Slide 1: RBC Global Mining & Materials Conference 2026
RBC GLOBAL MINING & MATERIALS CONFERENCE 2026 June 11, 2026 TSX FM
Slide 2: Copper-Focused Producer
Toronto | CANADA London | UK COPPER-FOCUSED Operating Mines PRODUCER Greenfield Projects GUELB MOGHREIN | Cu Au | MAURITANIA First Quantum Offices COBRE PANAMÁ | Cu Au | PANAMA (Preservation & Safe Management) 2025 Revenue LA GRANJA | Cu | PERU by Commodity1 KANSANSHI | Cu Au | ZAMBIA SENTINEL | Cu
Slide 3: 2026 Priorities
2026 PRIORITIES Advance Continued Safe and Productive Cobre Panamá Operational to Resolution Performance Strengthening the Advance Balance Sheet for Greenfield Future Growth Projects 3
Slide 4: The Right Assets
KANSANSHI SENTINEL COBRE PANAMÁ Solwezi, Zambia Kalumbila, Zambia Colón Province, Panama THE RIGHT ASSETS FQM Zambia Top 10 global copper complex1 with vertically integrated production ♦ 80% ownership2 (20% ZCCM-IH) ♦ 100% ownership ♦ 91% ownership (9% KOMIR4) ♦ Open-pit (Cu, Au) ♦ Open-pit (Cu) ♦ O
Slide 5: Cobre Panamá Update
Plan allows for: ♦ Integral P&SM activities and associated environmental measures ♦ Export of copper concentrate on site ♦ Restart of power plant COBRE PANAMÁ ♦ Processing of stockpiled ore UPDATE Export of copper concentrate ♦ Exported in Q2 and Q3 2025 without incident; Included oversight fro
Slide 6: Other Operations
GUELB MOGHREIN RAVENSTHORPE Akjoujt, Mauritania Esperance Region, Western Australia OTHER OPERATIONS Recently closed asset sales: ♦ Cayeli, Türkiye - April 20261 ♦ Las Cruces, Spain - June 20262 ♦ 100% ownership ♦ 75.7% ownership (24.3% POSCO Holdings) Assets sales reflect disciplined ♦ Open-pit (Cu
Slide 7: Extensive Growth Optionality
TACA TACA LA GRANJA HAQUIRA Salta Province, Argentina Cajamarca, Peru Apurímac, Peru EXTENSIVE GROWTH OPTIONALITY World-class, undeveloped copper resources with the potential to support multi-decade operations ♦ 100% ownership ♦ 55% ownership (45% Rio Tinto) ♦ 100% ownership ♦ Cu, Au, Mo ♦ Cu, Ag, A
Slide 8: World-Class Undeveloped Project
15 Largest Undeveloped Open-Pit Greenfield Projects1 Bubble size represents resource contained copper WORLD-CLASS Represents First Quantum project UNDEVELOPED PROJECT ♦ Two of the largest undeveloped El projects globally1 sit within the Pachon First Quantum portfolio Twin ♦ Taca Taca will be one of
Slide 9: Taca Taca
♦ Porphyry copper-gold-moly deposit ♦ 3,500 metres elevation ~230 km west of the city of Salta and 55 km east of the Chilean border TACA TACA ♦ Defined access to water, power, rail, port Salta Province, Argentina ♦ Located in an area with limited environmental sensitivities ♦ No local communities li
Slide 10: La Granja
♦ Located on the eastern flank of the Western Cordillera of the Andes; Situated at moderate elevations of between 2,000 metres and 2,800 metres above sea level ♦ Second largest greenfield project based on contained LA GRANJA copper1 ♦ Two principal mineralized centres at Paja Blanca and Cajamarca, P
Slide 11: Track Record of Project Delivery
Benefits of In-House Projects Team Flexibility to adapt the execution of Ability to scrutinize costs a project and deliver projects more efficiently TRACK RECORD OF DELIVERING PROJECTS AT LOW PROJECT DELIVERY CAPITAL INTENSITY Smooth transition from development to Learnings from each project transfe
Slide 12: Balance Sheet
DECISIVE ACTIONS TO STRENGTHEN BALANCE SHEET BALANCE SHEET 2019 2024-2026 First production at Cobre Panamá ♦ Refinancing of bank facilities, notes offerings, bought deal equity 2022 issuance Kansanshi S3 Expansion and Enterprise nickel project sanctioned ♦ Copper & gold hedge program TOP PRIORITIES
Slide 13: Debt Maturity Profile
PROACTIVE MANAGEMENT OF DEBT MATURITIES DEBT MATURITY 3,500 Debt maturity profile as of December 31, 2023 Average tenor of debt = 3.0 years 3,500 Debt maturity profile as of March 31, 2026 Average tenor of debt = 6.9 years PROFILE 3,000 250 3,000 2,500 2,500 1050 Material improvements to balance 2,0
Slide 14: Doing Business the Right Way
PRIORITIZING TANGIBLE STEPS TO SOCIAL RESPONSIBILITY REDUCE EMISSIONS DOING BUSINESS Community relationships based on transparency, respect, and trust ~14 kms Electric trolley-assist lines in Zambia THE RIGHT WAY $37 million 400+ Learners supported >130,000 tonnes CO2e saved annually through pit el
Slide 15: The Critical Role of Copper
ENERGY DIGITAL THE CRITICAL ROLE TRANSITION INFRASTRUCTURE OF COPPER >4.6 Mtpa of copper Al power demand needed by 2035 to & grid infrastructure Delivering copper and nickel, meet renewable power will require 1.1 Mt metals essential to socioeconomic and EV demand of copper by 2035 development, elect
Slide 16: Why First Quantum?
WHY FIRST QUANTUM? WORLD-CLASS PROVEN GREENFIELD ASSETS SELF-BUILD TEAM OPTIONALITY Top global copper In-house team with a track Two of the largest producer with a focus on record of building and greenfield projects operational excellence delivering large and globally1 reside within the complex proj
Slide 17: Cautionary Statement on Forward-Looking Information
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. The forward-looking information
Slide 18: fqml.com
TSX FM info@fqml.com 416-361-6400 | 1-888-688-6577 fqml.com
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