10th Apr 2008 16:30
First Quantum Minerals Ld10 April 2008 NEWS RELEASE 08-07 April 10, 2008 www.first-quantum.com FIRST QUANTUM MINERALS REPORTS RECORD COPPER PRODUCTION IN FIRST QUARTER 2008 First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM",LSE Symbol "FQM") announced that first quarter 2008 copper production was 75,600tonnes, a 63% increase over the equivalent 2007 quarter and a Company record forquarterly production. First QuarterOperation (tonnes) Kansanshi 52,300Guelb Moghrein 7,700Frontier 13,400Bwana Mkubwa 2,200 Total 75,600 Stockpiles of copper concentrate at the end of the first quarter totaledapproximately 31,000 tonnes of copper in concentrate (Kansanshi 14,000 tonnes,Frontier 16,000 tonnes and Guelb Moghrein 1,000 tonnes), an increase of over12,000 tonnes of copper in concentrate over 2007 year end inventories (18,296tonnes of copper in concentrate). Note: Production and stockpile numbers are preliminary and may be subject tofinal adjustment. Further information will be published in the Company's first quarter operatingand financial results. On Behalf of the Board of Directors 12g3-2b-82-4461of First Quantum Minerals Ltd. Listed in Standard and Poor'sG. Clive NewallPresident For further information visit our web site at www.first-quantum.com Contact: Clive Newall, President1st Floor, Mill House Mill Bay Lane Horsham West Sussex RH12 1TQ United Kingdom Tel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: [email protected]. Or Harriet Pask or Sarah MacLeod Hogarth Partnership Ltd. Tel: +44 (0) 20 7357 9477 Certain information contained in this news release "forward-looking statements"within the meaning of the Private Securities Litigation Reform Act of 1995 andforward-looking information under applicable Canadian securities legislation.Such forward-looking statements or information, including but not limited tothose with respect to the prices of gold, copper, cobalt and sulphuric acid,estimated future production, estimated costs of future production, the Company'shedging policy and permitting time lines, involve known and unknown risks,uncertainties, and other factors which may cause the actual results, performanceor achievements of the Company to be materially different from any futureresults, performance or achievements expressed or implied by suchforward-looking statements or information. Such factors include, among others,the actual prices of copper, gold, cobalt and sulphuric acid, the factualresults of current exploration, development and mining activities, changes inproject parameters as plans continue to be evaluated, as well as those factorsdisclosed in the Company's documents filed from time to time with the Alberta,British Columbia, and Ontario Securities Commissions, the Autorite des marchesfinanciers in Quebec, the United States Securities and Exchange Commission andthe London Stock Exchange. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
FQM.L