|First Quantum Minerals Ltd. - FM.t is an established mining and metals company operating six mines and developing five projects worldwide.|
The Company’s operations are the Kansanshi copper-gold mine, the Guelb Moghrein copper-gold mine, the Las Cruces copper mine, the Pyhäsalmi copper-zinc mine, the Ravensthorpe nickel-cobalt mine, and the Çayeli copper-zinc mine.
First Quantum Minerals Ltd. today announced a comparative loss of $36 million ($0.05 per share), a net loss from continuing operations attributable to shareholders of the Company of $115 million ($0.17 per share) and cash flows from continuing operating activities of $203 million ($0.30 per share) for the three months ended December 31, 2017. The results include a $188 million loss realized under the copper sales hedge program for which no tax credit is available and $79 million for impairments and other comparative adjustments.
Results for the full year 2017 are a comparative loss1 of $111 million ($0.16 per share1), a net loss from continuing operations attributable to shareholders of the Company1 of $316 million ($0.46 per share) and cash flows from continuing operating activities of $914 million ($1.33 per share1). The results include a loss realized under the sales hedge program of $568 million for which no tax credit is available, and impairments and other costs and comparative adjustments of $205 million.