Panama's pro-business president-elect José Raúl Mulino's win raises hopes for reopening First Quantum Minerals' Cobre Panama mine.

Panama's pro-business president-elect José Raúl Mulino's victory has boosted hopes for Canadian miner First Quantum Minerals' Cobre Panama mine, closed last year due to an unconstitutional contract. Although Mulino has not promised to renegotiate, he aims to revive the economy. First Quantum plans to engage with the new government, as the mine accounts for 5% of Panama's GDP.