VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 23, 2014) - First Quantum Minerals Ltd. ("First Quantum") (TSX:FM)(LSE:FQM) today announced its production and sales for the three months and year ended December 31, 2013. Production for the year of copper, nickel, gold and zinc met the upper end of the Company's previously-announced market guidance.
Fourth Quarter 2013 Highlights
Fourth Quarter and Year 2013 Production Summary
GROUP | Q4 2013 |
Q4 2012 |
% Change | Year 2013 |
Year 2012 |
% Change | |
Copper (tonnes) | 114,791 | 84,918 | +35% | 412,281 | 307,115 | +34% | |
Nickel (contained tonnes) | 12,634 | 10,096 | +25% | 47,066 | 36,759 | +28% | |
Gold (ounces) | 63,199 | 64,383 | -2% | 248,078 | 201,942 | +23% | |
Zinc (tonnes) | 15,393 | n/a | n/a | 49,933 | n/a | n/a | |
Platinum (ounces) | 7,993 | 6,123 | +31% | 30,403 | 13,808 | +120% | |
Palladium (ounces) | 6,600 | 5,419 | +22% | 24,639 | 12,183 | +102% |
Fourth Quarter and Year 2013 Sales Summary
GROUP | Q4 2013 |
Q4 2012 |
% Change | Year 2013 |
Year 2012 |
% Change | |
Copper (tonnes) | 95,598 | 77,570 | +23% | 386,057 | 295,466 | +31% | |
Nickel (contained tonnes) | 13,795 | 8,081 | +71% | 49,105 | 30,379 | +62% | |
Gold (ounces) | 50,399 | 61,350 | -18% | 228,962 | 202,303 | +13% | |
Zinc (tonnes) | 17,866 | n/a | n/a | 51,925 | n/a | n/a | |
Platinum (ounces) | 11,375 | 3,709 | +207% | 28,930 | 7,775 | +272% | |
Palladium (ounces) | 8,167 | 3,500 | +133% | 23,420 | 7,181 | +226% |
Fourth Quarter and Year 2013 Production and Sales Summaries by Mine
KANSANSHI | Q4 2013 |
Q4 2012 |
% Change | Year 2013 |
Year 2012 |
% Change | ||
Production | ||||||||
Copper (tonnes) | 72,602 | 70,431 | +3% | 270,724 | 261,351 | +4% | ||
Gold (ounces) | 43,508 | 45,410 | -4% | 167,395 | 136,056 | +23% | ||
Sales | ||||||||
Copper (tonnes) | 57,692 | 61,758 | -7% | 248,746 | 249,884 | - | ||
Gold (ounces) | 36,844 | 38,179 | -3% | 152,632 | 131,159 | +16% | ||
LAS CRUCES | Q4 2013 |
Q4 2012 |
% Change | Year 2013 |
Year 2012 |
% Change | ||
Production | ||||||||
Copper (tonnes) | 18,346 | 17,302 | +6% | 69,304 | 67,662 | +2% | ||
Sales | ||||||||
Copper (tonnes) | 16,883 | 17,394 | -3% | 66,806 | 68,838 | -3% | ||
GUELB MOGHREIN | Q4 2013 |
Q4 2012 |
% Change | Year 2013 |
Year 2012 |
% Change | ||
Production | ||||||||
Copper (tonnes) | 8,866 | 11,038 | -20% | 37,970 | 37,670 | +1% | ||
Gold (ounces) | 13,336 | 16,802 | -21% | 58,191 | 60,519 | -4% | ||
Sales | ||||||||
Copper (tonnes) | 6,327 | 13,007 | -51% | 36,585 | 40,174 | -9% | ||
Gold (ounces) | 8,281 | 20,864 | -60% | 56,040 | 67,089 | -16% | ||
ÇAYELI | Q4 2013 |
Q4 2012 |
% Change | Year 2013 |
Year 2012 |
% Change | ||
Production | ||||||||
Copper (tonnes) | 7,538 | 7,024 | +7% | 31,510 | 31,396 | - | ||
Zinc (tonnes) | 9,837 | 11,062 | -11% | 43,097 | 40,692 | +6% | ||
Sales | ||||||||
Copper (tonnes) | 7,940 | 5,088 | +56% | 31,370 | 33,215 | -6% | ||
Zinc (tonnes) | 12,179 | 10,019 | +22% | 43,354 | 39,955 | +9% | ||
KEVITSA | Q4 2013 |
Q4 2012 |
% Change | Year 2013 |
Year 2012 |
% Change | ||
Production | ||||||||
Nickel (contained tonnes) | 2,390 | 1,870 | +28% | 8,963 | 3,875 | +131% | ||
Copper (tonnes) | 4,015 | 3,448 | +16% | 14,775 | 8,094 | +83% | ||
Gold (ounces) | 3,008 | 2,172 | +38% | 11,723 | 5,367 | +118% | ||
Platinum (ounces) | 7,993 | 6,123 | +31% | 30,403 | 13,808 | +120% | ||
Palladium (ounces) | 6,600 | 5,419 | +22% | 24,639 | 12,183 | +102% | ||
Sales | ||||||||
Nickel (contained tonnes) | 3,652 | 792 | +361% | 8,493 | 1,640 | +418% | ||
Copper (tonnes) | 2,938 | 2,805 | +5% | 12,652 | 6,448 | +96% | ||
Gold (ounces) | 1,182 | 2,306 | -49% | 7,358 | 4,757 | +55% | ||
Platinum (ounces) | 11,375 | 3,709 | +207% | 28,930 | 7,775 | +272% | ||
Palladium (ounces) | 8,166 | 3,500 | +133% | 23,420 | 7,181 | +226% | ||
PYHÄSALMI | Q4 2013 |
Q4 2012 |
% Change | Year 2013 |
Year 2012 |
% Change | ||
Production | ||||||||
Copper (tonnes) | 3,422 | 3,273 | +5% | 14,854 | 12,610 | +18% | ||
Zinc (tonnes) | 5,556 | 9,660 | -42% | 21,679 | 25,637 | -15% | ||
Sales | ||||||||
Copper (tonnes) | 3,819 | 3,237 | +18% | 15,221 | 13,407 | +14% | ||
Zinc (tonnes) | 5,687 | 8,984 | -37% | 22,339 | 25,101 | -11% | ||
RAVENSTHORPE | Q4 2013 |
Q4 2012 |
% Change | Year 2013 |
Year 2012 |
% Change | ||
Production | ||||||||
Nickel (contained tonnes) | 10,244 | 8,227 | +25% | 38,103 | 32,884 | +16% | ||
Sales | ||||||||
Nickel (contained tonnes) | 10,142 | 7,288 | +39% | 40,612 | 28,738 | +41% |
Notes: | |
Production and sales numbers are preliminary and subject to final adjustment. | |
Group numbers include production and sales results from Las Cruces, Çayeli and Pyhäsalmi from March 22, 2013, the date of acquisition. | |
Production and sales numbers for Las Cruces, Çayeli and Pyhäsalmi for Year 2013 are on a pro-forma full year basis. |
Further information will be published in the Company's report on operating and financial results for the three months and year which is scheduled for release on February 20, 2014.
On Behalf of the Board of Directors of First Quantum Minerals Ltd.
G. Clive Newall, President
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