J.P. Morgan estimates that negotiations to revive Cobre Panamá could extend until 2027.

Financial analysis from J.P. Morgan indicates that negotiations to reactivate the Cobre Panamá mining project could extend until 2027. According to the financial institution, the recommendations recently presented by the Panameñan government establish a pathway that is more favorable for the eventual reopening of the mine than what was initially reflected in the official announcement.

Despite this more constructive outlook, the bank maintains a baseline scenario that places the timeline for actual resumption further out. The development follows ongoing discussions and official updates regarding the future of the significant copper operation in Panama.