First Quantum Minerals PR.
First Quantum Minerals Announces 2012 Production and 2013 Outlook
01/22/2013
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 22, 2013) - First Quantum Minerals Ltd. (TSX:FM)(LSE:FQM) ("First Quantum") today announced increases in copper production of 26% for the fourth quarter and 16% for the year ended December 31, 2012. The Company also provided its outlook for the full year 2013.
Fourth Quarter 2012 Highlights
Total copper production increased 26% to 84,918 tonnes over Q4 2011
Higher sulphide grades processed and higher throughput as a result of the continued expansion of the oxide circuit at Kansanshi
Increased production as a result of higher throughput at Guelb Moghrein
The first full quarter of commercial operations at Kevitsa with the contribution of 3,448 tonnes
Total nickel production of 10,096 tonnes
Steady operations at Ravensthorpe in its first full year of commercial operations
Contribution of 1,870 tonnes from Kevitsa
Total gold production of 64,383 ounces was 48% higher than Q4 2011
Higher as a result of improved grade and recovery rates at Kansanshi
Contribution of 2,172 ounces from Kevitsa
Addition of platinum and palladium to the production base
Total platinum production of 6,123 ounces and total palladium production of 5,419 ounces from Kevitsa
