First Quantum Minerals Reports Fourth Quarter 2017 Results

- February 13th, 2018

First Quantum Minerals Ltd. (“First Quantum” or the “Company”, TSX Symbol “FM”) today announced a comparative loss1 of $36 million ($0.05 per share1), a net loss from continuing operations attributable to shareholders of the Company1 of $115 million ($0.17 per share) and cash flows from continuing operating activities of $203 million ($0.30 per share1) for the three months ended December 31, 2017.  The results include a $188 million loss realized … Continued

First Quantum Minerals Ltd. (“First Quantum” or the “Company”, TSX Symbol “FM”) today announced a comparative loss1 of $36 million ($0.05 per share1), a net loss from continuing operations attributable to shareholders of the Company1 of $115 million ($0.17 per share) and cash flows from continuing operating activities of $203 million ($0.30 per share1) for the three months ended December 31, 2017.  The results include a $188 million loss realized under the copper sales hedge program for which no tax credit is available and $79 million for impairments and other comparative adjustments.

As quoted in the press release:

Results for the full year 2017 are a comparative loss1 of $111 million ($0.16 per share1), a net loss from continuing operations attributable to shareholders of the Company1 of $316 million ($0.46 per share) and cash flows from continuing operating activities of $914 million ($1.33 per share1). The results include a loss realized under the sales hedge program of $568 million for which no tax credit is available, and impairments and other costs and comparative adjustments of $205 million.

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