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BRIEF-First Quantum Minerals Reports Q4 Loss Per Share $0.17

Published 2020-02-13, 05:34 p/m
© Reuters.  BRIEF-First Quantum Minerals Reports Q4 Loss Per Share $0.17

Feb 13 (Reuters) - First Quantum Minerals Ltd FM.TO :

* FIRST QUANTUM MINERALS REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS

* Q4 REVENUE $1.284 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.33 BILLION

* WELL ON OUR WAY TO OUR GOAL OF PRODUCING MORE THAN 800,000 TONNES OF COPPER A YEAR

* TOTAL COPPER PRODUCTION IN Q4 OF 204,270 TONNES PRODUCED

* Q4 COST OF COPPER PRODUCTION, AISC OF $1.73 PER LB

* GOLD PRODUCTION OF 77,789 OUNCES IN Q4

* SEES 2020 PRODUCTION OF COPPER IN TONNES OF 830,000 - 880,000

* SEES 2020 GOLD PRODUCTION IN OUNCES OF 280,000 - 300,000

* SEES 2020 TOTAL CAPITAL EXPENDITURE $850 MILLION

* SEES 2020 COPPER CASH COST $1.20 - $1.40/LB AND AISC OF $1.70 - $1.85/LB

* NICKEL PRODUCTION AT RAVENSTHORPE IS EXPECTED TO RAMP-UP THROUGH 2020

* QTRLY LOSS PER SHARE $0.17

* QTRLY COMPARATIVE EPS $0.05

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