First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, gold, silver, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia. It is exploring the Taca Taca copper-gold-molybdenum project in Argentina, as well as the Haquira copper deposit in Peru. The company was formerly known as First Quantum Ventures Ltd. and changed its name to First Quantum Minerals Ltd. in July 1996. First Quantum Minerals Ltd. was incorporated in 1983 and is headquartered in Toronto, Canada.

First Quantum Minerals Ltd.

Copper

Copper %Chg

Copper Common Size

Gold

Gold %Chg

Gold Common Size

Acid

Acid %Chg

Acid Common Size

Sales Revenues

Sales Revenues %Chg

Sales Revenues Common Size

Cost of Sales

Cost of Sales %Chg

Cost of Sales Common Size

Adjustment to Net Realizable Value of Inventory

Adjustment to Net Realizable Value of Inventory %Chg

Adjustment to Net Realizable Value of Inventory Common Size

Depletion and Amortization

Depletion and Amortization %Chg

Depletion and Amortization Common Size

Royalties, Windfall Taxes and Export Levies

Royalties, Windfall Taxes and Export Levies %Chg

Royalties, Windfall Taxes and Export Levies Common Size

Zambian Taxes Recovery

Zambian Taxes Recovery %Chg

Zambian Taxes Recovery Common Size

Gross Profit

Gross Profit %Chg

Gross Profit Common Size

Exploration

Exploration %Chg

Exploration Common Size

General and Administrative

General and Administrative %Chg

General and Administrative Common Size

Acquisition Transaction Costs

Acquisition Transaction Costs %Chg

Acquisition Transaction Costs Common Size

Interest

Interest %Chg

Interest Common Size

Derivative Instrument Adjustments

Derivative Instrument Adjustments %Chg

Derivative Instrument Adjustments Common Size

Settlement of RDC Claims and Sale of Assets

Settlement of RDC Claims and Sale of Assets %Chg

Settlement of RDC Claims and Sale of Assets Common Size

Impairments and Related Charges

Impairments and Related Charges %Chg

Impairments and Related Charges Common Size

Other Expenses/Income

Other Expenses/Income %Chg

Other Expenses/Income Common Size

Total Other Expenses and Finance Costs

Total Other Expenses and Finance Costs %Chg

Total Other Expenses and Finance Costs Common Size

Total Other Expenses/Income

Total Other Expenses/Income %Chg

Total Other Expenses/Income Common Size

Gain on Sale of Investments

Gain on Sale of Investments %Chg

Gain on Sale of Investments Common Size

Other Income

Other Income %Chg

Other Income Common Size

Total Other Income

Total Other Income %Chg

Total Other Income Common Size

Impairment and Related Charges

Impairment and Related Charges %Chg

Impairment and Related Charges Common Size

Other Expense

Other Expense %Chg

Other Expense Common Size

Operating Profit

Operating Profit %Chg

Operating Profit Common Size

Finance Income

Finance Income %Chg

Finance Income Common Size

Finance Costs

Finance Costs %Chg

Finance Costs Common Size

Finance Charge on Zambian VAT Discount

Finance Charge on Zambian VAT Discount %Chg

Finance Charge on Zambian VAT Discount Common Size

Adjustment for Expected Phasing of Zambian VAT

Adjustment for Expected Phasing of Zambian VAT %Chg

Adjustment for Expected Phasing of Zambian VAT Common Size

Loss on Redemption of Debt

Loss on Redemption of Debt %Chg

Loss on Redemption of Debt Common Size

Earnings Before Income Taxes

Earnings Before Income Taxes %Chg

Earnings Before Income Taxes Common Size

Income Tax Expense

Total Revenues

Total Revenues %Chg

Total Revenues Common Size

Gross Profit Margin

Gross Profit Margin %Chg

Gross Profit Margin Common Size

Selling, General & Administrative Expenses

Selling, General & Administrative Expenses %Chg

Selling, General & Administrative Expenses Common Size

Depreciation & Amortization Expenses

Depreciation & Amortization Expenses %Chg

Depreciation & Amortization Expenses Common Size

Exploration Expenses

Exploration Expenses %Chg

Exploration Expenses Common Size

Other Operating Expenses

Other Operating Expenses %Chg

Other Operating Expenses Common Size

Operating Margin

Operating Margin %Chg

Operating Margin Common Size

Interest and Investment Income

Interest and Investment Income %Chg

Interest and Investment Income Common Size

Interest Expense

Interest Expense %Chg

Interest Expense Common Size

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	5,018	4,802	6,456	7,626	7,212	5,070	4,067	3,966	3,310	2,673	2,511
Total Revenues %Chg	5.3%	-25.6%	-15.3%	5.7%	42.2%	24.7%	2.5%	19.8%	23.8%	6.5%	-29.1%
Copper
Gold
Acid
Cost of Sales	3,571	3,452	5,164	5,426	4,650	3,993	3,277	2,988	2,975	2,334	2,224
Adjustment to Net Realizable Value of Inventory
Royalties, Windfall Taxes and Export Levies
Gross Profit	1,447	1,350	1,292	2,200	2,562	1,077	790	978	335	339	287
Gross Profit
Gross Profit Margin	28.8%	28.1%	20%	28.8%	35.5%	21.2%	19.4%	24.7%	10.1%	12.7%	11.4%
Selling, General & Administrative Expenses	158	148	142	136	118	99	82	74	74	70	83
General and Administrative
Acquisition Transaction Costs
Depreciation & Amortization Expenses	—	—	—	—	—	—	—	—	—	—	—
Depletion and Amortization
Exploration Expenses	28	24	30	26	20	15	19	26	18	16	30
Exploration
Other Operating Expenses	259	368	1,042	-203	-174	268	215	69	60	-27	250
Impairments and Related Charges
Impairment and Related Charges
Other Expenses/Income
Other Expense
Zambian Taxes Recovery
Other Income
Operating Profit	1,002	810	78	2,241	2,598	695	474	809	183	280	-76
Operating Profit
Operating Margin	20%	16.9%	1.2%	29.4%	36%	13.7%	11.7%	20.4%	5.5%	10.5%	-3%
Interest and Investment Income	92	90	106	80	65	66	37	20	6	5	15
Finance Income
Interest Expense	-708	-709	-719	-662	-746	-809	-310	-38	-129	-18	-23
Finance Costs
Interest
Finance Charge on Zambian VAT Discount
Loss on Redemption of Debt
Non-Operating Income	74	89	49	-190	-16	80	-182	—	—	—	—
Derivative Instrument Adjustments
Gain on Sale of Investments
Settlement of RDC Claims and Sale of Assets
Other Income
Adjustment for Expected Phasing of Zambian VAT
Total Non-Operating Income	-542	-530	-564	-772	-697	-663	-455	-18	-123	-13	-8
Income Before Provision for Income Taxes	460	280	-486	1,469	1,901	32	19	791	60	267	-84
Earnings Before Income Taxes
Provision for Income Taxes	440	388	757	320	812	256	70	283	299	19	531
Income Tax Expense
Consolidated Net Income	20	-108	-1,243	1,149	1,089	-224	-51	508	-239	248	-615
Net Earnings for the Year
Net Earnings from Continuing Operations
Net Income Attributable to Minority Interests and Other	-26	-110	-289	115	257	-44	6	67	77	52	-228
Non-Controlling Interests
Non-Controlling Interests
Non-Controlling Interests
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—	—	—	—	-267	5
Net Earnings from Discontinued Operations
Net Income Attributable to Common Shareholders	46	2	-954	1,034	832	-180	-57	441	-316	-45	-496
Shareholders of the Company
Basic EPS	0.1	—	-1.4	1.5	1.2	-0.3	-0.1	0.6	-0.5	-0.1	-0.8
Diluted EPS	0.1	—	-1.4	1.5	1.2	-0.3	-0.1	0.6	-0.5	-0.1	-0.8
Basic Weighted Average Shares Outstanding	832.4	812.2	690.9	690.5	—	688.5	687.6	686.7	685.9	685.7	646.8
Total Shares Outstanding	834.2	834.2	693.6	692.5	691.1	690.3	689.4	689.4	689.4	689.4	689.3
Diluted Weighted Average Shares Outstanding	832.5	812.2	690.9	693	—	688.5	687.6	689.4	685.9	689.4	646.8
EBITDA	1,698	1,443	1,199	3,471	3,772	1,912	1,381	1,673	1,077	966	447
Effective Tax Rate	95.7%	138.6%	-155.8%	21.8%	42.7%	800%	368.4%	35.8%	498.3%	7.1%	-632.1%