First Quantum Minerals Announces Its 2015 Production and Sales
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 1, 2016) - First Quantum Minerals Ltd. ("First Quantum" or "the Company") (TSX:FM)(LSE: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 of First Quantum Minerals Ltd.
G. Clive Newall, President
Listed in Standard and Poor's: 12g3-2b-82-4461
For further information visit our website at www.first-quantum.com
Contact
North American contact:
Sharon Loung
Director, Investor Relations
(647) 346-3934 or Toll Free: 1 (888) 688-6577
(604) 688-3818
sharon.loung@fqml.com
United Kingdom contact:
Clive Newall
President
+44 140 327 3484
+44 140 327 3494
clive.newall@fqml.com
www.first-quantum.com