First Quantum expects steady three-year production

Diversified base metals miner First Quantum Minerals expects stable production across its international portfolio of operations for the next three years, with copper output poised to rise as the significant new Sentinel project, in Zambia, ramps up. This year alone Sentinel is expected to add between 135 000 t and 155 000 t of copper to First Quantum’s guidance of 400 000 t of companywide red metal production, which, excluding Sentinel, was expected to remain flat until 2018. Sentinel would ramp up to a range of 210 000 t to 240 000 t of copper in 2017 and to between 230 000 t and 260 000 t in 2018.