First Quantum Minerals Ltd.

First Quantum Minerals Ltd.

August 17, 2005 16:50 ET

CORRECTION FROM SOURCE: First Quantum Minerals Ltd. Declares an Interim Dividend of CDN $0.02 Per Share

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 17, 2005) - The title of the press release issued today at 14:00 Eastern time was incorrect and should read: First Quantum Minerals Ltd. Declares an Interim Dividend of CDN $0.02 Per Share

First Quantum Minerals Ltd. (TSX:FM)(LSE:FQM) announces that it will pay an interim dividend of Canadian $0.02 per share in respect of the second quarter ended June 30, 2005. The dividend will be paid on September 16, 2005 to shareholders of record on August 26, 2005.

As per the Company's dividend policy, dividends are to be paid semi-annually with the first dividend paid after the second quarter in an amount per share of no less than one-third of the amount of the aggregate dividend per share paid during the preceding year.

On Behalf of the Board of Directors of First Quantum Minerals Ltd.

G. Clive Newall, President & Director


Listed in Standard and Poor's

Sedar Profile #00006237

Certain of the information contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the prices of gold, copper and sulphuric acid, estimated future production, estimated costs of future production, the Company's hedging policy and permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper, gold and sulphuric acid, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities and Exchange Commission.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • First Quantum Minerals Ltd.
    Geoff Chater
    (604) 688-6577 or Toll Free: 1-888-688-6577
    (604) 688-3818 (FAX)
    First Quantum Minerals Ltd.
    Bill Iversen
    (604) 688-6577 or Toll Free: 1-888-688-6577
    (604) 688-3818 (FAX)