First Quantum Minerals Announces Voting Results for the Election of Directors

First Quantum Minerals Announces Voting Results for the Election of Directors

First Quantum Minerals Ltd. ("First Quantum" or "the Company") (TSX: FM) announced that the nominees listed in the Management Information Circular for the 2023 Annual Meeting of Shareholders were elected as directors of First Quantum. In total, 592,646,424 shares were voted at the meeting, representing 85.58% of the issued and outstanding shares of the Company. Detailed results of the vote for the election of directors held at the Annual Meeting on May 4, 2023 are set out below. The below results have also been filed on www.SEDAR.com.

NAME

NUMBER OF SHARES % OF VOTES CAST
FOR WITHHELD FOR WITHHELD
Andrew B. Adams 547,120,746 44,468,483 92.48 % 7.52 %
Alison C. Beckett 583,994,843 7,594,386 98.72 % 1.28 %
Robert J. Harding 522,664,840 68,924,389 88.35 % 11.65 %
Kathleen A. Hogenson 588,416,966 3,172,263 99.46 % 0.54 %
C. Kevin McArthur 587,095,068 4,494,161 99.24 % 0.76 %
Philip K. R. Pascall 551,184,304 40,404,925 93.17 % 6.83 %
A. Tristan Pascall 585,779,989 5,809,240 99.02 % 0.98 %
Simon J. Scott 590,383,265 1,205,964 99.80 % 0.20 %
Dr. Joanne K. Warner 587,704,593 3,884,636 99.34 % 0.66 %
Geoff Chater 590,650,007 939,222 99.84 % 0.16 %


For further information, visit our website at www.first-quantum.com or contact:

Bonita To, Director, Investor Relations
(416) 361-6400 Toll-free: 1 (888) 688-6577
E-Mail: info@fqml.com



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First Quantum Minerals Reports First Quarter 2023 Results

First Quantum Minerals Reports First Quarter 2023 Results

First Quantum Minerals Ltd. ("First Quantum" or "the Company") (TSX: FM) today reports results for the three months ended March 31, 2023 ("Q1 2023" or the "first quarter") of net earnings attributable to shareholders of the Company of $75 million ($0.11 earnings per share) and adjusted earnings 1 of $76 million ($0.11 adjusted earnings per share 2 ).

"The first quarter was difficult with production impacted at our three largest operations. At Cobre Panamá, production was interrupted by a temporary suspension of exports but returned to full production rates once the suspension was lifted. Our Zambian operations experienced a seasonal impact, however, the rainy season is nearing an end. We are focused on improving operational performance and expect production to recover over the course of the year and, as such, we remain committed to our guidance for 2023," commented Tristan Pascall, Chief Executive Officer. "The first quarter also had important milestones, including a refreshed contract with the Government of Panamá and a new partnership with Rio Tinto to progress the La Granja project in northern Peru. The Company also successfully executed on two of our brownfield projects. Commissioning of the CP100 Expansion was completed ahead of schedule and remains on track to achieve 100 million tonnes of throughput per annum by the end of this year and we introduced first ore through the Enterprise nickel plant. Both of these projects will increase our copper and nickel production, two metals that are critical to the global transition to cleaner energy."

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HIGHLIGHTS

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- Gekko have commenced mobilising the Gekko Gravity Gold plant from Ballarat to the Mine site.

- Recently purchased LM 90 Drill Rig has been mobilised from Kalgoorlie to the Mine site.

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The Reward Gold Mine is well placed for a simple start -up:

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- The 640 Level extends into the resource and no stripping required with the revised mine plan.

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o Storeroom
o Crib Room
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Commenting on the progress, Vertex Executive Chairman Roger Jackson said: "We are very pleased with the progress so far with the redevelopment of the Reward Mine and the refurbishment of the Gravity Gold plant, given we have done this with a very small capital budget and a very wet season. I would like to acknowledge our team at Hill End, headed up by our Director Declan Franzmann and Maintenance Manger Jeff Williams who have worked tirelessly on this project to get it to this point.

Further I would like to express our gratitude to the efforts made by Gekko on their professionalism in taking a second-hand plant and refurbishing it to an excellent standard within a very short lead time.

We are now all-hands-on-deck to get ore into the plant and be producing gold bars in January."



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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