The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
First Quantum Minerals Announces Its 2016 Production and Sales
Jan. 26, 2017 08:34AM PST
Base Metals Investing First Quantum Minerals Ltd. (“First Quantum” or the “Company”)(TSX:FM) today announced its production and sales for the three months and year ended December 31, 2016. Total production and sales, for all periods in this document, are shown for continuing operations only and therefore exclude the Kevitsa mine which was sold on June 1, 2016. Total …
First Quantum Minerals Ltd. (“First Quantum” or the “Company”)(TSX:FM) today announced its production and sales for the three months and year ended December 31, 2016.
Total production and sales, for all periods in this document, are shown for continuing operations only and therefore exclude the Kevitsa mine which was sold on June 1, 2016.
Total copper production for the year 2016, including Sentinel, exceeded previously-announced market guidance and year 2015 by 5% and 31%, respectively.
Amounts shown for Q4 and Year 2016 are preliminary and subject to final adjustment. Final amounts will be published in the Company’s financial results for Q4 and year 2016 scheduled for release on February 16, 2017.
FOURTH QUARTER AND FULL YEAR PRODUCTION AND SALES SUMMARY
Total production and sales, for all periods in this document, are shown for continuing operations only and therefore exclude the Kevitsa mine which was sold on June 1, 2016.
Total copper production for the year 2016, including Sentinel, exceeded previously-announced market guidance and year 2015 by 5% and 31%, respectively.
Amounts shown for Q4 and Year 2016 are preliminary and subject to final adjustment. Final amounts will be published in the Company’s financial results for Q4 and year 2016 scheduled for release on February 16, 2017.
FOURTH QUARTER AND FULL YEAR PRODUCTION AND SALES SUMMARY
| Production | Q4 2016 | Q4 2015 | Year 2016 | Year 2015 |
| Copper (tonnes)1 | 146,101 | 115,885 | 539,458 | 411,025 |
| Nickel (contained tonnes) | 6,205 | 7,653 | 23,624 | 26,668 |
| Gold (ounces) | 54,234 | 53,889 | 214,012 | 211,067 |
| Zinc (tonnes) | 11,084 | 9,605 | 28,862 | 41,139 |
| 1 Includes production from Sentinel of 47,785 tonnes for Q4 2016 (Q4 2015: 15,190 tonnes) and 139,600 tonnes for the year 2016 (2015 year: 32,971 tonnes). A portion of Sentinel’s production in Q4 2016 is expected to be commercial (2015: All pre-commercial). | ||||
| Sales | Q4 2016 | Q4 2015 | Year 2016 | Year 2015 |
| Copper (tonnes)2 | 136,265 | 119,534 | 535,613 | 391,653 |
| Nickel (contained tonnes) | 6,073 | 8,584 | 25,882 | 26,934 |
| Gold (ounces) | 45,620 | 57,958 | 232,783 | 213,927 |
| Zinc (tonnes) | 11,971 | 11,036 | 27,361 | 41,618 |
| 2 Includes sales from Sentinel of 39,494 tonnes for Q4 2016 (Q4 2015: 6,422 tonnes) and 115,782 tonnes for the year 2016 (2015 year: 8,896 tonnes). A portion of Sentinel’s sales in Q4 2016 is expected to be commercial (2015: All pre-commercial). | ||||
FOURTH QUARTER AND FULL YEAR PRODUCTION AND SALES SUMMARIES BY OPERATION
| Kansanshi | Q4 2016 | Q4 2015 | Year 2016 | Year 2015 | |
| Production | |||||
| Copper (tonnes) | 65,949 | 61,600 | 253,272 | 226,674 | |
| Gold (ounces) | 40,331 | 34,009 | 148,220 | 136,257 | |
| Sales | |||||
| Copper (tonnes) | 64,905 | 77,845 | 268,459 | 230,193 | |
| Gold (ounces) | 30,593 | 38,664 | 156,840 | 131,972 | |
| Las Cruces | Q4 2016 | Q4 2015 | Year 2016 | Year 2015 | |
| Production | |||||
| Copper (tonnes) | 17,156 | 18,608 | 73,643 | 70,029 | |
| Sales | |||||
| Copper (tonnes) | 15,656 | 16,884 | 73,539 | 70,566 | |
| Guelb Moghrein | Q4 2016 | Q4 2015 | Year 2016 | Year 2015 | |
| Production | |||||
| Copper (tonnes) | 6,078 | 11,845 | 32,818 | 45,001 | |
| Gold (ounces) | 11,140 | 17,145 | 53,951 | 64,007 | |
| Sales | |||||
| Copper (tonnes) | 5,840 | 11,228 | 36,330 | 47,322 | |
| Gold (ounces) | 11,958 | 16,667 | 63,335 | 70,680 | |
| Çayeli | Q4 2016 | Q4 2015 | Year 2016 | Year 2015 | |
| Production | |||||
| Copper (tonnes) | 5,741 | 5,606 | 25,330 | 24,304 | |
| Gold (ounces) | 772 | 1,015 | 3,418 | 4,034 | |
| Zinc (tonnes) | 1,610 | 3,778 | 8,062 | 19,808 | |
| Sales | |||||
| Copper (tonnes) | 7,257 | 4,262 | 26,795 | 22,401 | |
| Gold (ounces) | 1,235 | 989 | 4,228 | 4,379 | |
| Zinc (tonnes) | 2,386 | 4,848 | 6,825 | 19,479 | |
| Pyhäsalmi | Q4 2016 | Q4 2015 | Year 2016 | Year 2015 | |
| Production | |||||
| Copper (tonnes) | 3,392 | 3,035 | 14,795 | 12,046 | |
| Gold (ounces) | 1,991 | 1,719 | 8,423 | 6,768 | |
| Zinc (tonnes) | 9,474 | 5,827 | 20,800 | 21,331 | |
| Sales | |||||
| Copper (tonnes) | 3,114 | 2,892 | 14,708 | 12,276 | |
| Gold (ounces) | 1,834 | 1,637 | 8,380 | 6,895 | |
| Zinc (tonnes) | 9,584 | 6,188 | 20,536 | 22,139 | |
| Sentinel | Q4 2016 | Q4 2015 | Year 2016 | Year 2015 | |
| Production | |||||
| Copper (tonnes) | 47,785 | 15,190 | 139,600 | 32,971 | |
| Sales | |||||
| Copper (tonnes) | 39,494 | 6,422 | 115,782 | 8,896 | |
| Ravensthorpe | Q4 2016 | Q4 2015 | Year 2016 | Year 2015 | |
| Production | |||||
| Nickel (contained tonnes) | 6,205 | 7,653 | 23,624 | 26,668 | |
| Sales | |||||
| Nickel (contained tonnes) | 6,073 | 8,583 | 25,882 | 26,933 | |
DISCONTINUED OPERATIONS PRODUCTION AND SALES SUMMARY
The year 2016 figures cover the period January 1, 2016 to the date of disposal, June 1, 2016. The year 2015 figures cover the entire calendar year.
| Kevitsa | Q4 2016 | Q4 2015 | Year 2016 | Year 2015 | |
| Production | |||||
| Nickel (contained tonnes) | – | 2,538 | 3,657 | 8,805 | |
| Copper (tonnes) | – | 4,307 | 6,353 | 17,204 | |
| Gold (ounces) | – | 3,631 | 5,068 | 12,847 | |
| Platinum (ounces) | – | 10,185 | 12,991 | 31,899 | |
| Palladium (ounces) | – | 8,062 | 10,426 | 25,196 | |
| Sales | |||||
| Nickel (contained tonnes) | – | 2,611 | 2,954 | 9,421 | |
| Copper (tonnes) | – | 5,020 | 5,874 | 17,081 | |
| Gold (ounces) | – | 3,413 | 3,758 | 11,539 | |
| Platinum (ounces) | – | 11,847 | 11,495 | 34,866 | |
| Palladium (ounces) | – | 9,231 | 8,566 | 26,451 | |
On Behalf of the Board of Directors of First Quantum Minerals Ltd.
G. Clive Newall, President
CONTACT INFORMATION
- North American contact:
Sharon Loung
Director, Investor Relations
(647) 346-3934
(604) 688-3818 (FAX)
Toll Free: 1 (888) 688-6577
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
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.