First Quantum jumps 5% on Panama plans for mine environmental audit

Shares of Canadian miner First Quantum Minerals closed 5% higher on the Toronto Stock Exchange on Tuesday after Panama said it would conduct an environmental audit of the company's Cobre Panama mine to decide whether it can safely reopen. Panama's government ordered the closure of the Cobre Panama mine, one of the newest and biggest copper mines in the world, in December after protests calling for more environmental protections erupted across the country and a court ruling deemed the contract to run the mine unconstitutional.