First Quantum Reports Annual Sales Revenues of $2,569.3 million

First Quantum Minerals Ltd. (TSX:FM) reported annual sales revenues of $2,569.3 million, 24% higher in its 2011 results.

As quoted in the press release:

Established new records for full year sales revenues, gross profit and net earnings, despite operating challenges experienced in mid-2011

• Annual sales revenues from continuing operations of $2,569.3 million was 24% higher than 2010 due to an increased average realized copper price and higher sales volumes from continuing operations.

• Annual gross profit from continuing operations of $1,311.1 million was 18% higher than 2010 due to higher sales revenues, offset partially by an increase in operating costs.

Click here to read the First Quantum Minerals Ltd. (TSX:FM) press release.