First Quantum Minerals Announces Its 2015 Production and Sales
/EINPresswire.com/ -- VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/01/16 -- 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
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Q4 Q4 Year Year
2015 2014 2015 2014
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Copper (tonnes)(1) 120,193 105,176 428,229 427,655
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Nickel (contained tonnes) 10,190 9,934 35,472 45,879
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Gold (ounces) 57,520 57,480 223,914 229,813
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Zinc (tonnes) 9,605 12,557 41,139 55,980
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Platinum (ounces) 10,185 9,311 31,899 34,090
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Palladium (ounces) 8,062 7,234 25,196 25,990
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(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
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Q4 Q4 Year Year
2015 2014 2015 2014
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Copper (tonnes) (1) 124,554 94,836 408,734 411,203
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Nickel (contained tonnes) 11,195 12,189 36,355 47,749
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Gold (ounces) 61,371 48,608 225,466 214,104
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Zinc (tonnes) 11,036 12,663 41,618 56,268
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Platinum (ounces) 11,847 8,330 34,866 33,898
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Palladium (ounces) 9,231 6,256 26,451 25,846
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(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
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Q4 Q4 Year Year
KANSANSHI 2015 2014 2015 2014
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Production
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Copper (tonnes) 61,600 61,924 226,674 262,287
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Gold (ounces) 34,009 36,705 136,257 154,431
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Sales
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Copper (tonnes) 77,845 52,721 230,193 247,312
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Gold (ounces) 38,664 27,731 131,972 142,609
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Q4 Q4 Year Year
LAS CRUCES 2015 2014 2015 2014
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Production
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Copper (tonnes) 18,608 17,525 70,029 71,090
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Sales
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Copper (tonnes) 16,884 15,594 70,566 71,120
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Q4 Q4 Year Year
GUELB MOGHREIN 2015 2014 2015 2014
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Production
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Copper (tonnes) 11,845 9,768 45,001 33,079
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Gold (ounces) 17,145 13,901 64,007 48,948
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Sales
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Copper (tonnes) 11,228 8,519 47,322 30,095
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Gold (ounces) 16,667 13,421 70,680 45,901
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Q4 Q4 Year Year
CAYELI 2015 2014 2015 2014
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Production
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Copper (tonnes) 5,606 7,820 24,304 29,360
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Gold (ounces) 1,015 1,521 4,034 5,599
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Zinc (tonnes) 3,778 8,513 19,808 36,218
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Sales
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Copper (tonnes) 4,262 8,419 22,401 29,241
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Gold (ounces) 989 1,796 4,379 6,406
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Zinc (tonnes) 4,847 9,362 19,479 37,298
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Q4 Q4 Year Year
PYHASALMI 2015 2014 2015 2014
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Production
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Copper (tonnes) 3,035 4,038 12,046 14,304
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Gold (ounces) 1,719 2,258 6,768 7,989
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Zinc (tonnes) 5,827 4,043 21,331 19,762
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Sales
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Copper (tonnes) 2,892 4,038 12,276 13,894
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Gold (ounces) 1,637 2,432 6,895 8,313
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Zinc (tonnes) 6,188 3,300 22,139 18,970
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Q4 Q4 Year Year
SENTINEL 2015 2014 2015 2014
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Production
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Copper (tonnes) 15,190 - 32,971 -
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Sales
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Copper (tonnes) 6,422 - 8,896 -
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Q4 Q4 Year Year
RAVENSTHORPE 2015 2014 2015 2014
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Production
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Nickel (contained tonnes) 7,652 7,736 26,667 36,445
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Sales
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Nickel (contained tonnes) 8,583 9,912 26,933 37,981
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Q4 Q4 Year Year
KEVITSA 2015 2014 2015 2014
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Production
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Nickel (contained tonnes) 2,538 2,197 8,805 9,433
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Copper (tonnes) 4,307 4,101 17,204 17,535
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Gold (ounces) 3,631 3,093 12,847 12,844
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Platinum (ounces) 10,185 9,311 31,899 34,090
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Palladium (ounces) 8,062 7,234 25,196 25,990
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Sales
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Nickel (contained tonnes) 2,611 2,277 9,421 9,768
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Copper (tonnes) 5,020 5,545 17,081 19,542
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Gold (ounces) 3,413 3,229 11,539 10,876
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Platinum (ounces) 11,847 8,330 34,866 33,898
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Palladium (ounces) 9,231 6,256 26,451 25,846
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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
Contacts:
North American contact:
Sharon Loung
Director, Investor Relations
(647) 346-3934 or Toll Free: 1 (888) 688-6577
(604) 688-3818 (FAX)
sharon.loung@fqml.com
United Kingdom contact:
Clive Newall
President
+44 140 327 3484
+44 140 327 3494 (FAX)
clive.newall@fqml.com
www.first-quantum.com
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