MarketLine Company Profile: First Quantum Minerals Ltd.

FIRST Quantum Minerals Ltd.; MINERAL industries; METAL industry

First Quantum Minerals (First Quantum) is engaged in the mineral exploration, mine engineering and construction, development and mining. The company produces copper, nickel, gold, zinc and platinum group elements. Its current operations include the Kansanshi copper-gold mine, the Guelb Moghrein copper-gold mine, the Las Cruces copper mine, the Kevitsa nickel-copper-PGE mine, the Pyhasalmi copper-zinc mine, the Ravensthorpe nickel-cobalt mine, and the Cayeli copper-zinc mine. The company operates in the Americas, Asia, Europe and Africa. It is headquartered in Vancouver, Canada and employs around 13,661 people. The company recorded revenues of $3,552.9 million in the fiscal year ended December 2013, an increase of 20.4% over 2012. The company's operating profit was $894.8 million in fiscal 2013, a decrease of 59.1% compared to 2012. Its net profit was $458.6 million in fiscal 2013, a decrease of 74.1% compared to 2012.