9th Aug 2006 08:01
First Quantum Minerals Ld09 August 2006 NEWS RELEASE 06-18 August 9, 2006 www.first-quantum.com FIRST QUANTUM MINERALS DECLARES AN INTERIM DIVIDEND OF CDN $0.095 PER SHARE First Quantum Minerals Ltd. ("First Quantum", TSX Symbol "FM", LSE Symbol "FQM")announces that it will pay an interim dividend of Canadian $0.095 per share inrespect of the half ended June 30, 2006. The dividend will be paid on September5, 2006 to shareholders of record on August 22, 2006. As announced December 13, 2005, the Board of Directors expects total dividendsin respect of 2006 will be no less than 10% of after tax profits for the year.As per the Company's dividend policy, dividends are to be paid semi-annuallywith the first dividend paid after the second quarter in an amount per share ofno less than one-third of the amount of the aggregate dividend per share paidduring the preceding year. 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 yearthus far and the outlook for the future enables us to return no less than 10% ofour 2006 after tax profit to our shareholders while we continue with ourdevelopment projects." On Behalf of the Board of Directors 12g3-2b-82-4461of First Quantum Minerals Ltd. Listed in Standard and Poor'Sedar Profile #00006237G. Clive NewallPresident For further information visit our web site at www.first-quantum.com 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] 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 The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain of the information contained in this news release constitute "forward-looking statements" within the meaning of the Private SecuritiesLitigation Reform Act of 1995. Such forward-looking statements, including butnot limited to those with respect to the prices of gold, copper and sulphuricacid, estimated future production, estimated costs of future production, theCompany's hedging policy and permitting time lines, involve known and unknownrisks, uncertainties, and other factors which may cause the actual results,performance or achievements of the Company to be materially different from anyfuture results, performance or achievements expressed or implied by suchforward-looking statements. Such factors include, among others, the actualprices of copper, gold and sulphuric acid, the factual results of currentexploration, development and mining activities, changes in project parameters asplans continue to be evaluated, as well as those factors disclosed in theCompany's documents filed from time to time with the British Columbia SecuritiesCommission and the United States Securities and Exchange Commission. ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
FQM.L