The facility, which accounted for 4.5% of Panama’s GDP before its 2023 closure, remains a contentious economic asset. Under one proposal, First Quantum would retain a 60% to 65% stake, with the remaining share held by the state. This structure could circumvent a 2023 law banning new mining concessions, as the legislation leaves room for state-led partnerships. Alternatively, officials are weighing a leasing model where the government collects royalties and taxes directly from the operator.

President Jose Mulino, who previously pledged to finalize the mine's closure, now faces the reality of a global copper supply crunch and internal fiscal pressure. While the government has already permitted the sale of existing concentrate stocks and the reactivation of the site’s power plant, concerns regarding public protests persist. First Quantum has signaled a willingness to negotiate by suspending a $20 billion arbitration claim against the country. Commerce Minister Julio Molto indicated that a final decision is expected by the end of the year, promising that the state will maintain complete sovereignty over the resource.