First Quantum Minerals Reports Second Quarter 2017 Results - Seite 3

"First Quantum's financial position is much improved. Its debt maturity structure has been greatly strengthened following the liability management initiatives undertaken.  With the cash generated by our operations, cash on hand, committed, undrawn credit facilities and continuing initiatives to further strengthen the balance sheet, the Company is well-positioned to continue to execute its strategy," Mr. Pascall concluded.

   
    OPERATING HIGHLIGHTS[4]

                                                Three months ended    Six months ended
                                                      June 30              June 30
    (U.S. dollars where applicable)                  2017       2016      2017      2016
    COPPER

    - Production (tonnes)                         141,912    131,349   274,268   250,636
    - Sales (tonnes)                              139,521    132,030   279,331   263,297
    - Cost of production:
                     o C1 (per lb)                  $1.12      $0.98     $1.19     $1.00
                     o AISC (per lb)                $1.50      $1.32     $1.54     $1.33
                     o C3 (per lb)                  $1.95      $1.80     $2.00     $1.83
    - Realized price (per lb)                       $2.24      $2.21     $2.22     $2.29

    NICKEL
    - Production (contained tonnes)                 5,920      4,982    11,512    12,088
    - Sales (contained tonnes)                      5,522      5,415    10,719    14,355
    - Cost of production:
                     o C1 (per lb)                  $4.43      $4.73     $4.63     $4.59
                     o AISC (per lb)                $5.60      $5.49     $5.70     $5.17
                     o C3 (per lb)                  $6.09      $6.63     $6.32     $6.26
    - Realized price (per payable
    lb)                                             $4.17      $4.15     $4.54     $3.98

    GOLD
    - Production (ounces)                          50,040     50,630   100,619   106,821
    - Sales (ounces)                               52,020     69,898    98,924   133,039

    FINANCIAL HIGHLIGHTS

                                                Three months ended    Six months ended
                                                      June 30              June 30
    (U.S. dollars millions, except
    where noted otherwise)                           2017       2016      2017      2016
    Sales revenues                                    782        659     1,548     1,379
    Gross profit                                       66        102       135       207

    Net earnings (loss) from
    continuing operations
    attributable to shareholders of
    the Company                                      (35)        125     (149)       174
    Net earnings (loss) from
    discontinued operations                             -        (1)         -     (267)

    Net earnings (loss) per share
    from continuing
    operations attributable to
    shareholders of the
    Company                                       ($0.05)      $0.18   ($0.22)     $0.25
    Net earnings (loss) per share[5]              ($0.05)      $0.18   ($0.22)   ($0.14)
    Basic and diluted earnings
    (loss) per share[5]                           ($0.05)      $0.18   ($0.22)   ($0.14)

    Comparative EBITDA                                267        257       532       526
    Comparative earnings (loss)                      (18)         38      (47)       101
    Comparative earnings (loss) per
    share                                         ($0.03)      $0.06   ($0.07)     $0.15
    Cash flows from continuing
    operating activities                              205        304       444       558

    [5 ]2016 figures include discontinued operations.