First Quantum Minerals Ltd.
TSX : FM
LSE : FQM

First Quantum Minerals Ltd.

February 01, 2016 08:00 ET

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

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