Operations

First Quantum Minerals Announces 2013 Production and Sales

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

  • Total copper production increased 35% to 114,791 tonnes over Q4 2012

    • Record quarter production of 72,602 tonnes at Kansanshi
    • Contribution of 29,306 tonnes from the acquired Las Cruces, Çayeli and Pyhäsalmi operations
  • Total nickel production increased 25% to 12,634 tonnes

    • Record quarter production of 10,244 tonnes at Ravensthorpe
    • Contribution of 2,390 tonnes from Kevitsa
  • Addition of zinc to the production base from the acquired Çayeli and Pyhäsalmi operations
  • Substantial platinum and palladium production

    • Platinum and palladium production of 7,993 ounces and 6,600 ounces, respectively from Kevitsa
  • Strongly higher sales volumes

    • Limited local smelting capacity in Zambia however, did continue to impact Kansanshi’s sales volumes of copper concentrate and gold

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

12g3-2b-82-4461

Listed in Standard and Poor’s

Contact Information:
North American contact:Sharon LoungDirector, Investor Relations
(647) 346-3934 or Toll Free: 1 (888) 688-6577
(604) 688-3818 (FAX)
sharon.loung@fqml.com

United Kingdom contact:Clive NewallPresident
+44 140 327 3484
+44 140 327 3494 (FAX)
clive.newall@fqml.com
www.first-quantum.com

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