TORONTO - First Quantum Minerals (TSX:FM) said Tuesday it expects its Cobre Panama project will cost more to build, but produce more copper annually. The miner said it now expects the mine to cost about US$6.4 billion, up from an earlier estimate of US$6.2 billion, however said it will produce about 320,000 tonnes of copper annually over the life of the mine, up about 20 per cent.
First Quantum says Cobre Panama costs rise, but output expected to be higher
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