Ramon Martinez was the government's lead negotiator for a new contract with First Quantum.

High metals prices expected to cushion majors' weaker production and rising costs.

Mexican President Andres Manuel Lopez Obrador has previously criticized Vulcan's "destruction" of the area.

Mexico's top copper miner's revenues rose 9.6% to $3.76 billion, above the Refinitiv estimate of $3.68 billion.

Shares fell 7% following the suspension of the explosive and blasting permit.

The business group warned that Mexico will have to compensate companies with active mining concessions if their rights are violated.

Net earnings attributable to shareholders rose to $385 million in the quarter ended March 31.