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1 Feb 2016 13:44
NEWS RELEASE 16-02 February 1, 2016www.first-quantum.com
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FIRST QUANTUM MINERALS ANNOUNCES ITS 2015 PRODUCTION AND SALES
First Quantum Minerals Ltd. ("First Quantum" or "the Company", TSX Symbol "FM", LSE Symbol "FQM") today announced its production and sales for the three months and year ended December 31, 2015.
Production of all metals was within the Company's previously-announced market guidance as was pre-commercial copper production from its Sentinel project of 32,971 tonnes for the year.
Amounts shown for Q4 and Year 2015 are preliminary and subject to final adjustment. Disclosure of the three-year guidance for production, production cost and capital expenditures is expected prior to the release of the Company's financial results for Q4 and Year 2015.
FOURTH QUARTER AND FULL YEAR PRODUCTION SUMMARY
Q4 2015 | Q4 2014 | Year 2015 | Year 2014 | ||
Copper (tonnes)1 | 120,193 | 105,176 | 428,229 | 427,655 | |
Nickel (contained tonnes) | 10,190 | 9,934 | 35,472 | 45,879 | |
Gold (ounces) | 57,520 | 57,480 | 223,914 | 229,813 | |
Zinc (tonnes) | 9,605 | 12,557 | 41,139 | 55,980 | |
Platinum (ounces) | 10,185 | 9,311 | 31,899 | 34,090 | |
Palladium (ounces) | 8,062 | 7,234 | 25,196 | 25,990 |
1 Includes pre-commercial production from Sentinel of 15,190 tonnes for Q4 2015 and 32,971 tonnes for the year 2015.
FOURTH QUARTER AND FULL YEAR SALES SUMMARY
Q4 2015 | Q4 2014 | Year 2015 | Year 2014 | ||
Copper (tonnes) 1 | 124,554 | 94,836 | 408,734 | 411,203 | |
Nickel (contained tonnes) | 11,195 | 12,189 | 36,355 | 47,749 | |
Gold (ounces) | 61,371 | 48,608 | 225,466 | 214,104 | |
Zinc (tonnes) | 11,036 | 12,663 | 41,618 | 56,268 | |
Platinum (ounces) | 11,847 | 8,330 | 34,866 | 33,898 | |
Palladium (ounces) | 9,231 | 6,256 | 26,451 | 25,846 |
1 Includes pre-commercial sales from Sentinel of 6,422 tonnes for Q4 2015 and 8,896 tonnes for the year 2015.
FOURTH QUARTER AND FULL YEAR PRODUCTION AND SALES SUMMARIES BY MINE
KANSANSHI | Q4 2015 | Q4 2014 | Year 2015 | Year 2014 | |
Production | |||||
Copper (tonnes) | 61,600 | 61,924 | 226,674 | 262,287 | |
Gold (ounces) | 34,009 | 36,705 | 136,257 | 154,431 | |
Sales | |||||
Copper (tonnes) | 77,845 | 52,721 | 230,193 | 247,312 | |
Gold (ounces) | 38,664 | 27,731 | 131,972 | 142,609 |
LAS CRUCES | Q4 2015 | Q4 2014 | Year 2015 | Year 2014 | |
Production | |||||
Copper (tonnes) | 18,608 | 17,525 | 70,029 | 71,090 | |
Sales | |||||
Copper (tonnes) | 16,884 | 15,594 | 70,566 | 71,120 |
GUELB MOGHREIN | Q4 2015 | Q4 2014 | Year 2015 | Year 2014 | |
Production | |||||
Copper (tonnes) | 11,845 | 9,768 | 45,001 | 33,079 | |
Gold (ounces) | 17,145 | 13,901 | 64,007 | 48,948 | |
Sales | |||||
Copper (tonnes) | 11,228 | 8,519 | 47,322 | 30,095 | |
Gold (ounces) | 16,667 | 13,421 | 70,680 | 45,901 |
ÇAYELI
| Q4 2015 | Q4 2014 | Year 2015 | Year 2014 | |
Production | |||||
Copper (tonnes) | 5,606 | 7,820 | 24,304 | 29,360 | |
Gold (ounces) | 1,015 | 1,521 | 4,034 | 5,599 | |
Zinc (tonnes) | 3,778 | 8,513 | 19,808 | 36,218 | |
Sales | |||||
Copper (tonnes) | 4,262 | 8,419 | 22,401 | 29,241 | |
Gold (ounces) | 989 | 1,796 | 4,379 | 6,406 | |
Zinc (tonnes) | 4,847 | 9,362 | 19,479 | 37,298 |
PYHÄSALMI
| Q4 2015 | Q4 2014 | Year 2015 | Year 2014 | |
Production | |||||
Copper (tonnes) | 3,035 | 4,038 | 12,046 | 14,304 | |
Gold (ounces) | 1,719 | 2,258 | 6,768 | 7,989 | |
Zinc (tonnes) | 5,827 | 4,043 | 21,331 | 19,762 | |
Sales | |||||
Copper (tonnes) | 2,892 | 4,038 | 12,276 | 13,894 | |
Gold (ounces) | 1,637 | 2,432 | 6,895 | 8,313 | |
Zinc (tonnes) | 6,188 | 3,300 | 22,139 | 18,970 |
SENTINEL | Q4 2015 | Q4 2014 | Year 2015 | Year 2014 | |
Production | |||||
Copper (tonnes) | 15,190 | - | 32,971 | - | |
Sales | |||||
Copper (tonnes) | 6,422 | - | 8,896 | - |
RAVENSTHORPE
| Q4 2015 | Q4 2014 | Year 2015 | Year 2014 | |
Production | |||||
Nickel (contained tonnes) | 7,652 | 7,736 | 26,667 | 36,445 | |
Sales | |||||
Nickel (contained tonnes) | 8,583 | 9,912 | 26,933 | 37,981 |
KEVITSA | Q4 2015 | Q4 2014 | Year 2015 | Year 2014 | |
Production |
|
| |||
Nickel (contained tonnes) | 2,538 | 2,197 | 8,805 | 9,433 | |
Copper (tonnes) | 4,307 | 4,101 | 17,204 | 17,535 | |
Gold (ounces) | 3,631 | 3,093 | 12,847 | 12,844 | |
Platinum (ounces) | 10,185 | 9,311 | 31,899 | 34,090 | |
Palladium (ounces) | 8,062 | 7,234 | 25,196 | 25,990 | |
Sales | |||||
Nickel (contained tonnes) | 2,611 | 2,277 | 9,421 | 9,768 | |
Copper (tonnes) | 5,020 | 5,545 | 17,081 | 19,542 | |
Gold (ounces) | 3,413 | 3,229 | 11,539 | 10,876 | |
Platinum (ounces) | 11,847 | 8,330 | 34,866 | 33,898 | |
Palladium (ounces) | 9,231 | 6,256 | 26,451 | 25,846 |
On Behalf of the Board of Directors 12g3-2b-82-4461
of First Quantum Minerals Ltd. Listed in Standard and Poor's
G. Clive Newall
President
For further information visit our website at www.first-quantum.com
North American contact: Sharon Loung, Director, Investor RelationsTel: (647) 346-3934 Fax: (604) 688-3818 Toll Free: 1 (888) 688-6577 E-Mail: sharon.loung@fqml.com United Kingdom contact: Clive Newall, PresidentTel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: clive.newall@fqml.com
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