Franco Nevada analyst on Panama Court ruling against First Quantum 

Panama has also passed a mining moratorium law, that prohibits open pit mining for the foreseeable future.

Let them eat cake

The contract was determined to be unconstitutional by the Panama Supreme Court. A case for renegotiating the contract along constitutional lines. Am sure first quantum is already reviewing amendments to the agreement. Too much at stake not to .

Because we care more about our land, the contract was illegal, we do not belong to any other country, I would like to see if the same contract was placed against Canada. The started mining without a legal contract, the invested all that money without a legal support. We are a small "poor" country, with dignity.

The opposition was not only from the ecologist, it was nation wide. We did not oppose because we don’t want trade, investment…it was because we want fair trade, responsible investors in our country. In this interview is suggested that we opposed to the mining activities (in this Court case against the Canadian Company first Quantum) from past fear of our experience with United States and our Canal however this is a very reductionist affirmation as deny (I hope by ignorance!) that Panama granted by Law No. 287 of February 24, 2022, to “Nature" the status of subject of law.The above implies that the Panama must have the necessary public policies to ensure "the best interest of the nature", now for its intrinsic value, and regardless of the utilitarian value it has for human being. From a legal perspective, as ruled by Panama’s Supreme Court, the contract between First Quantum and Panama breached more than 20 articles or Panamanian constitution therefore has no place in Panama. Furthermore, article No. 55 of that Contract establish that if is proven that the Contract was obtained through bribery and corruption practices, Panama has the right to finishes the contract without paying indemnity to the company. If our Supreme Court ruled that this contract is unconstitutional, easily you can deduct how the company got the contract signed in first place!

Metals space is trash. Lost on small cap miners then lost on the “safe” royalty play. Meanwhile gold at ATH 😢

Good on BNN for ensuring that ecological values were in this discussion.

Enjoy staying poor Panama.

Panama is losing over $1 million a day on royalties. Plus 40,000 mine workers will not be getting paid. Then there are all the other businesses that rely on the employees and business generated by the mine. What is the Panamanian government going to do for all those who become unemployed? Why would investors invest in Panama, they just recently re-negotiated the deal with First Quantum. Then 2 months later the Panama Supreme Court ruled the deal unconstitutional. Why would anyone invest in anything in Panama? Panamanian Bonds will fall to junk status. There are mines everywhere in the world, they don't seem to have issues. What is so special in Panama that the mine has to be closed down. Because eco-zealots say so? So the price of copper will rise and countries that have copper will get increased profits. Exploration will take place in other countries. Panama loses.