13th Dec 2005 07:01
First Quantum Minerals Ld13 December 2005 NEWS RELEASE 05-14 December 12, 2005 www.first-quantum.com FIRST QUANTUM MINERALS DIVIDEND UPDATE -2006 DIVIDEND TO EQUAL NO LESS THAN 10% OF AFTER TAX PROFIT- First Quantum Minerals Ltd. (TSX Symbol "FM", LSE Symbol "FQM") is pleased toannounce that the Board of Directors expects total dividends in respect of 2006will be no less than 10% of after tax profits for the year. The Directors havereviewed the outlook for 2006 and believe the outlook for the year ahead to bevery promising and, despite a significant program of capital expenditure relatedto new mining operations, supportive of increased dividend payments. Philip Pascall, Chairman and CEO commented, "Our goal is to set a dividend levelwhich is consistent with our objective of maintaining strong growth throughdevelopment of new mines. We are delighted that our strong performance this yearand the outlook for next year enable us to propose returning no less than 10% ofour 2006 after tax profit to our shareholders as well as forging ahead with ourdevelopment projects." On Behalf of the Board of Directors 12g3-2b-82-4461of First Quantum Minerals Ltd. Listed in Standard and Poor's"G. Clive Newall" Sedar Profile #00006237 G. Clive NewallPresident For further information visit our web site at www.first-quantum.com United Kingdom 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 Carina Corbett, 4C-Burvale, Tel: + 44 20 7907 4761 North American contact: Geoff Chater or Bill Iversen 8th Floor, 543 Granville Street, Vancouver, British Columbia, Canada V6C 1X8 Tel: (604) 688-6577 Fax: (604) 688-3818 Toll Free: 1 (888) 688-6577 E-Mail: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
FQM.L