First Quantum Minerals Announces its Preliminary 2017 Production and Sales
01/26/2018
TORONTO, Jan. 26, 2018 /CNW/ - 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, 2017. Total copper production and sales for the year exceeded the prior year by approximately 6% and 8%, respectively.
First Quantum Minerals Ltd. (CNW Group/First Quantum Minerals Ltd.)
Amounts are preliminary and subject to final adjustment. The final amounts and the 2018 to 2020 market guidance will be published in the Company's financial results for fourth quarter and Year 2017 scheduled for release on February 12, 2018.
Total
Q4
2017
Q3
2017
Q4
2016
Year
2017
Year
2016
Copper production (tonnes)1
154,319
145,376
146,101
573,963
539,458
Copper sales (tonnes)
151,905
148,894
136,265
580,130
535,613
Nickel production (contained tonnes)
-
6,325
6,206
17,837
23,624
Nickel sales (contained tonnes)
865
7,099
6,073
18,683
25,882
Gold production (ounces)
51,904
47,213
54,234
199,736
214,012
Gold sales (ounces)
50,723
51,729
45,620
201,376
232,783
Zinc production (tonnes)
3,555
4,378
11,084
20,723
28,862
Zinc sales (tonnes)
3,282
5,378
11,971
21,851
27,361
Kansanshi
Q4
2017
Q3
2017
Q4
2016
Year
2017
Year
2016
Copper production (tonnes)1
64,800
58,706
65,950
250,801
253,272
Copper sales (tonnes)2
74,974
64,311
64,904
267,700
268,459
Gold production (ounces)
36,363
33,297
40,331
140,595
148,220
Gold sales (ounces)
35,910
37,054
30,592
139,735
156,840
Sentinel
Q4
2017
Q3
2017
Q4
2016
Year
2017
Year
2016
Copper production (tonnes)
57,190
53,533
47,785
190,683
139,600
Copper sales (tonnes)
44,767
50,855
39,494
177,360
115,782
Las Cruces
Q4
2017
Q3
2017
Q4
2016
Year
2017
Year
2016
Copper cathode production (tonnes)
18,700
17,488
17,156
73,664
73,643
Copper cathode sales (tonnes)
17,903
17,049
15,656
74,664
73,359
Guelb Moghrein
Q4
2017
Q3
2017
Q4
2016
Year
2017
Year
2016
Copper production (tonnes)
7,155
6,756
6,078
28,791
32,818
Copper sales (tonnes)
6,811
6,765
5,840
28,999
36,330
Gold production (ounces)
13,270
11,435
11,140
49,213
53,951
Gold sales (ounces)
12,384
11,616
11,959
50,453
63,335
Ravensthorpe
Q4
2017
Q3
2017
Q4
2016
Year
2017
Year
2016
Nickel production (contained tonnes)
-
6,325
6,206
17,837
23,624
Nickel sales (contained tonnes)
865
7,099
6,073
18,683
25,882
Çayeli
Q4
2017
Q3
2017
Q4
2016
Year
2017
Year
2016
Copper production (tonnes)
3,284
5,492
5,741
16,523
25,330
Copper sales (tonnes)
4,266
6,462
7,257
17,716
26,795
Zinc production (tonnes)
379
653
1,610
3,326
8,062
Zinc sales (tonnes)
-
1,944
2,387
4,435
6,825
Pyhäsalmi
Q4
2017
Q3
2017
Q4
2016
Year
2017
Year
2016
Copper production (tonnes)
3,190
3,401
3,391
13,501
14,795
Copper sales (tonnes)
3,184
3,452
3,114
13,691
14,708
Zinc production (tonnes)
3,176
3,725
9,474
17,397
20,800
Zinc sales (tonnes)
3,282
3,434
9,584
17,416
20,536
Pyrite production (tonnes)
154,855
184,486
4,770
692,124
490,480
Pyrite sales (tonnes)
114,712
91,569
111,273
418,743
517,922
1 Production presented on a copper concentrate basis, i.e. mine production only. Production does not include output from the Kansanshi smelter.
2 Sales include third-party sales of concentrate, cathode and anode attributable to Kansanshi (excluding copper cathode and 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
SOURCE First Quantum Minerals Ltd.
