First Quantum Minerals Announces Preliminary 2018 Production and Sales
NEWS RELEASE 19-01 January 15, 2019
www.first-quantum.com
FIRST QUANTUM MINERALS ANNOUNCES PRELIMINARY 2018 PRODUCTION AND SALES
First Quantum Minerals Ltd. (“First Quantum” or the “Company”, TSX Symbol “FM”) today announced its preliminary production and sales for the three months and year ended December 31, 2018, including record total copper production and sales for the year, exceeding the prior year by approximately 6% and 3%, respectively, and exceeding production guidance.
Amounts are preliminary and subject to final adjustment. The final amounts and the 2019 to 2021 market guidance will be published in the Company's financial results for the fourth quarter and the full year 2018.
| Total | Q4 | Q3 Q4 2018 2017 | Year | Year 2017 |
|---|---|---|---|---|
| 2018 | 2018 |
| Copper production (tonnes)1 | 158,304 | 151,241 | 154,319 | 605,853 | 573,963 |
| Copper sales (tonnes)2 | 156,212 | 149,877 | 151,905 | 596,513 | 580,130 |
| Gold production (ounces)3 | 48,039 | 44,979 | 51,904 | 185,414 | 199,736 |
| Gold sales (ounces)3 | 53,221 | 42,864 | 50,723 | 193,072 | 201,376 |
| Zinc production (tonnes) | 7,687 | 7,348 | 3,556 | 26,807 | 20,723 |
| Zinc sales (tonnes) | 8,268 | 6,178 | 3,282 | 26,112 | 21,851 |
| Nickel production (contained tonnes) | - | - | - | - 17,837 | |
| Nickel sales (contained tonnes) | - | - | 865 | - 18,683 | |
| Copper production (tonnes)1 | 61,780 | 63,687 | 64,800 | 251,522 | 250,801 |
| Copper sales (tonnes)2, 4 | 56,330 | 64,818 | 74,974 | 229,832 | 267,700 |
| Gold production (ounces) | 33,465 | 30,938 | 36,363 | 130,019 | 140,595 |
| Gold sales (ounces) | 35,150 | 32,706 | 35,910 | 134,424 | 139,735 |
| Copper production (tonnes) | 60,840 | 56,426 | 57,190 | 223,656 | 190,683 |
| Copper sales (tonnes) | 60,257 | 59,069 | 44,767 | 238,211 | 177,360 |
| Kansanshi | Q4 | Q3 Q4 2018 2017 | Year | Year 2017 |
|---|---|---|---|---|
| 2018 | 2018 |
| Sentinel | Q4 | Q3 | Q4 2017 | Year | Year 2017 |
|---|---|---|---|---|---|
| 2018 | 2018 | 2018 |
First Quantum Minerals Q4 and Year 2018 Production and Sales 19-01
| Las Cruces | Q4 | Q3 Q4 2018 2017 | Year | Year 2017 |
|---|---|---|---|---|
| 2018 | 2018 |
| Copper cathode production (tonnes) | 18,470 | 15,181 | 18,700 | 70,738 | 73,664 |
| Copper cathode sales (tonnes) | 18,345 | 15,138 | 17,903 | 71,523 | 74,664 |
| Copper production (tonnes) | 8,319 | 7,902 | 7,155 | 28,137 | 28,791 |
| Copper sales (tonnes) | 9,099 | 5,108 | 6,811 | 27,366 | 28,999 |
| Gold production (ounces) | 12,236 | 11,644 | 13,270 | 45,974 | 49,213 |
| Gold sales (ounces) | 14,224 | 8,100 | 12,384 | 48,195 | 50,453 |
| Copper production (tonnes) | 5,931 | 5,056 | 3,284 | 19,896 | 16,523 |
| Copper sales (tonnes) | 9,153 | 2,753 | 4,266 | 17,397 | 17,716 |
| Zinc production (tonnes) | 1,034 | 1,305 | 379 | 4,091 | 3,326 |
| Zinc sales (tonnes) | 2,154 | - | - | 4,313 | 4,435 |
| Copper production (tonnes) | 2,964 | 2,989 | 3,190 | 11,904 | 13,501 |
| Copper sales (tonnes) | 3,028 | 2,991 | 3,184 | 12,184 | 13,691 |
| Zinc production (tonnes) | 6,653 | 6,043 | 3,177 | 22,716 | 17,397 |
| Zinc sales (tonnes) | 6,114 | 6,178 | 3,282 | 21,799 | 17,416 |
| Pyrite production (tonnes) | 168,881 | 171,355 | 154,855 | 645,885 | 692,124 |
| Pyrite sales (tonnes) | 97,859 | 100,894 | 114,712 | 418,931 | 418,743 |
| Nickel production (contained tonnes) | - | - | - | - | 17,837 |
| Nickel sales (contained tonnes) | - | - | 865 | - | 18,683 |
| Guelb Moghrein | Q4 | Q3 Q4 2018 2017 | Year | Year 2017 |
|---|---|---|---|---|
| 2018 | 2018 |
| Çayeli | Q4 | Q3 Q4 2018 2017 | Year | Year 2017 |
|---|---|---|---|---|
| 2018 | 2018 |
| Pyhäsalmi | Q4 | Q3 Q4 2018 2017 | Year | Year 2017 |
|---|---|---|---|---|
| 2018 | 2018 |
| Ravensthorpe | Q4 | Q3 Q4 2018 2017 | Year | Year 2017 |
|---|---|---|---|---|
| 2018 | 2018 |
1 Production presented on a copper concentrate basis, i.e. mine production only. Production does not include output from the Kansanshi smelter.
2 Excludes copper anode sales attributable to anode produced from third party purchases of concentrate.
3 Includes gold production and sales attributable to other operations not disclosed separately.
4 Sales include third-party sales of concentrate, cathode and anode attributable to Kansanshi (excluding copper anode sales attributable to Sentinel).
On Behalf of the Board of Directors of First Quantum Minerals Ltd.
G. Clive Newall President
For further information visit our website at www.first-quantum.com North American contact: Lisa Doddridge, Director, Investor Relations Tel: (647) 346-3934 Fax: (604) 688-3818 Toll Free: 1 (888) 688-6577 E-Mail: [email protected] United Kingdom contact: Clive Newall, President Tel: +44 7802 721663 Fax: +44 140 327 3494 E-Mail: [email protected]