First Quantum Declares a Final Dividend of CDN$0.005 PER Share
NEWS RELEASE
22-04
February 16, 2022
www.first-quantum.com
FIRST QUANTUM DECLARES A FINAL DIVIDEND OF CDN$0.005 PER SHARE
TORONTO, Ontario (February 1 6, 2022) - First Quantum Minerals Ltd. ("First Quantum" or the
"Company") (TSX:FM) today announced that its Board of Directors has approve d a final dividend of $0. 005
Canadian dollar (“CDN”) per share in respect of the financial year ending December 31, 2021. This, together with the
interim dividend of CDN$0.005, makes a total of CDN$0.01 for the 2021 financial year. The dividend will be paid on
May 6, 2022 to shareholders of record on April 14, 2022.
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) 688-6577
E-Mail: [email protected]
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain statements and information provided at the event, including all statements that are not historical facts, will contai n forward-looking
statements and forward -looking information within the meanin g of applicable securities laws. The forward -looking statements may include
estimates, forecasts and statements as to the Company’s expectations of production and sales volumes, and expected timing of completion of
project development at Enterprise and pos t-completion construction activity at Cobre Panama and are subject to the impact of ore grades on
future production, the potential of production disruptions, potential production, operational, labour or marketing disruption s 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 developmen t program,
estimated future expenses, exploration and development capital requirements, the Company’s hedging polic y, and goals and strategies. 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”,
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“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 provided at the event, the Company makes 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 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, perform ance 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, poli tical stability in
Zambia, Peru, Mauritania, Finland, Spain, Turkey, Panama, Argentina and Australia, adverse weather conditions in Zambia, Finland, Spain, Turkey,
Mauritania, Australia and Panama, 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.
See the Company’s Annual Information Form for add itional information on risks, uncertainties and other factors relating to forward -looking
statements and information. Although the Company attempts to identify factors that would cause actual actions, events or resu lts to differ
materially from those disclosed in forward-looking statements or information, there may be other factors that cause actual results, performances,
achievements or events not to be anticipated, estimated or intended. Also, many of these factors are beyond First Quantum’s control. Accordingly,
readers and attendees 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 and information provided at the event are qualified by this cautionary statement.