First Quantum Declares Interim Dividend of CDN$0.08 Per Share
First Quantum Minerals Ltd. ("First Quantum" or the "Company")
(TSX:FM) today announced that its Board of Directors have approved
an interim dividend of $0.08 Canadian dollar (“CDN”) per share in
respect of the financial year ending December 31, 2023.
The dividend will be paid on September 19, 2023
to shareholders of record on August 28, 2023.
The Company has established a Dividend
Reinvestment and Share Purchase Plan (the "Plan") for its Canadian
resident shareholders ("Eligible Shareholders").
The Plan enables Eligible Shareholders to
reinvest the cash dividends paid on all or a portion of their
Common Shares into additional Common Shares, which will be issued
at 97% of the Average Market Price (as defined in the Plan) and
provides the opportunity to make optional cash purchases of
additional Common Shares on a semi-annual basis, on dividend
payment dates.
To participate in the Plan, registered Eligible
Shareholders must deliver a properly completed enrolment form to
Computershare Trust Company of Canada ("Computershare") (in its
capacity as "Plan Agent" under the Plan), as directed under the
Plan, by no later than 4:00 p.m. Eastern time on the fifth business
day immediately preceding a dividend record date in order for the
cash dividend to which such record date relates to be reinvested
under the Plan.
Additional information on the Plan is available
at www.investorcentre.com/first-quantum.
The dividends paid are considered eligible
dividends for Canadian tax purposes.
For further information, visit our website at
www.first-quantum.com or contact:
Bonita To, Director, Investor Relations (416)
361-6400 Toll-free: 1 (888) 688-6577E-Mail: info@fqml.com
CAUTIONARY STATEMENT ON FORWARD-LOOKING
INFORMATION
Certain statements and information
herein, including all statements that are not historical facts,
contain forward-looking statements and forward-looking information
within the meaning of applicable securities laws. The
forward-looking statements include estimates, forecasts and
statements as to the Company’s expectations of production and sales
volumes, the Company’s agreement with the Government of Panamá
regarding the long term future of Cobre Panamá and approval of the
same by the National Assembly of Panamá, expected timing of
completion of project development at Enterprise and post-completion
construction activity at Cobre Panamá and are subject to the impact
of ore grades on future production, the potential of production
disruptions, potential production, operational, labour or marketing
disruptions as a result of the COVID-19 global pandemic, capital
expenditure and mine production costs, the outcome of mine
permitting, other required permitting, the outcome of legal
proceedings which involve the Company, information with respect to
the future price of copper, gold, nickel, silver, iron, cobalt,
pyrite, zinc and sulphuric acid, estimated mineral reserves and
mineral resources, First Quantum’s exploration and development
program, estimated future expenses, exploration and development
capital requirements, the Company’s hedging policy, and goals and
strategies; plans, targets and commitments regarding climate
change-related physical and transition risks and opportunities
(including intended actions to address such risks and
opportunities), greenhouse gas emissions, energy efficiency and
carbon intensity, use of renewable energy sources, design,
development and operation of the Company’s projects and future
reporting regarding climate change and environmental matters; the
Company’s expectations regarding increased demand for copper; the
Company’s project pipeline and development and growth plans. Often,
but not always, forward-looking statements or information can be
identified by the use of words such as “plans”, “expects” or “does
not expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate” or
“believes” or variations of such words and phrases or statements
that certain actions, events or results “may”, “could”, “would”,
“might” or “will” be taken, occur or be achieved.
With respect to forward-looking
statements and information contained herein, the Company has made
numerous assumptions including among other things, assumptions
about continuing production at all operating facilities, the price
of copper, gold, nickel, silver, iron, cobalt, pyrite, zinc and
sulphuric acid, anticipated costs and expenditures, the success of
Company’s actions and plans to reduce greenhouse gas emissions and
carbon intensity of its operations, and the ability to achieve the
Company’s goals. Forward-looking statements and information by
their nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements or information. These factors include, but are not
limited to, future production volumes and costs, the temporary or
permanent closure of uneconomic operations, costs for inputs such
as oil, power and sulphur, political stability in Panamá, Zambia,
Peru, Mauritania, Finland, Spain, Turkey, Argentina and Australia,
adverse weather conditions in Panamá, Zambia, Finland, Spain,
Turkey, Mauritania, and Australia, labour disruptions, potential
social and environmental challenges (including the impact of
climate change), power supply, mechanical failures, water supply,
procurement and delivery of parts and supplies to the operations,
the production of off-spec material and events generally impacting
global economic, political and social stability. For mineral
resource and mineral reserve figures appearing or referred to
herein, varying cut-off grades have been used depending on the
mine, method of extraction and type of ore contained in the
orebody.
See the Company’s Annual Information
Form for additional information on risks, uncertainties and other
factors relating to the forward-looking statements and information.
Although the Company has attempted to identify factors that would
cause actual actions, events or results to differ materially from
those disclosed in the forward-looking statements or information,
there may be other factors that cause actual results, performances,
achievements or events not as anticipated, estimated or intended.
Also, many of these factors are beyond First Quantum’s control.
Accordingly, readers should not place undue reliance on
forward-looking statements or information. The Company undertakes
no obligation to reissue or update forward-looking statements or
information as a result of new information or events after the date
hereof except as may be required by law. All forward-looking
statements made and information contained herein are qualified by
this cautionary statement.
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