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First Quantum Minerals Company profile

About First Quantum Minerals Limited

First Quantum Minerals Ltd. is a Canada-based company engaged in the production of copper, nickel, gold, silver, zinc and acid, and related activities including exploration and development. The Company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia and Mauritania. It is developing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring the Haquira copper deposit in Peru. Its operating mines include Cobre Panama, Kansanshi, Sentinel, Cobre Las Cruces, Guelb Moghrein, Cayeli, Ravensthorpe, and Pyhasalmi. The Cobre Panama is located in Colon Province approximately 120 kilometer west of Panama City. The Kansanshi copper-gold mine is located in the North Western Province of Zambia. The Sentinel open-pit copper mine is located approximately 150 kilometer west of Solwezi in North Western Province of Zambia. The Company is also developing Enterprise nickel project, which is located approximately 12 km away from its Sentinel copper mine.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, First Quantum Minerals Limited revenues increased 42% to $7.21B. Net income totaled $832M vs. loss of $180M. Revenues reflect cobre panama segment increase from $1.33B to $3.16B, China segment increase of 48% to $2.93B, Copper, Avg. Price per Met. Tonne, Total increase of 34% to $7573 per metric ton, Copper Production (M Tons)-Cobre panama increase of 61% to 331K metric tons.

Equity composition

08/11, 5-for-1 stock split.