FQM prod 1er trimestre 2011
Q1 2011 Production
RNS Number : 2233F
First Quantum Minerals Ld
19 April 2011
NEWS RELEASE
11-07
April 19, 2011
www.first-quantum.com
First Quantum Minerals REPORTS Q1 2011 PRODUCTION OF
74,900 TONNES OF COPPER AND 49,100 OUNCES OF GOLD
First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM", LSE Symbol "FQM") today reported Q1 2011 production of 74,900 tonnes of copper and 49,100 ounces of gold. Lower overall copper production, compared to Q1 2010, reflects the forced shutdown of operations at the Frontier mine in the Democratic Republic of Congo in August 2010.
First Quarter
Operation
2011
2010
2011
2010
Copper
(tonnes)
Gold
(ounces)
Kansanshi
64,800
53,583
30,600
24,272
Guelb Moghrein
10,100
8,405
18,500
20,370
Frontier
-
20,786
-
-
Bwana Mkubwa
-
2,288
-
-
Total
74,900
85,062
49,100
44,642
Finished copper inventory at March 31, 2011 increased to approximately 40,100 tonnes of copper (Kansanshi 28,900 tonnes, Guelb Moghrein 11,100 tonnes, Frontier 100 tonnes (at dispatch port)), from the December 31, 2010 level of 37,000 tonnes.
Note: Production and stockpile numbers are preliminary and subject to final adjustment.
Further information will be published in the Company's report on operating and financial results for the quarter which is scheduled for release during the week of May 09, 2011.
On Behalf of the Board of Directors 12g3-2b-82-4461
of First Quantum Minerals Ltd. Listed in Standard and Poor's
G. Clive Newall
President
http://www.investegate.co.uk/Article.as ... 800012233F