First Quantum Minerals Ltd. · TSX:FM
First Quantum Minerals — Investor Presentation (November 2022)
80 slides from First Quantum Minerals's investor presentation, November 2022
Slide 1: Responsible Growth
TSX FM RESPONSIBLE GROWTH November 2022
Slide 2: Cautionary Statement on Forward-Looking Information
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 i
Slide 3: First Quantum – Copper-Focused Producer with Significant Nickel Growth
FIRST QUANTUM – COPPER-FOCUSED PRODUCER WITH SIGNIFICANT NICKEL GROWTH PYHASALMI | Cu Zn FeO4 FINLAND LAS CRUCES | Cu Zn FQM OFFICES SPAIN OPERATING MINES CAYELI | Cu Zn TURKEY DEVELOPMENT PROJECTS GUELB MOGHREIN | Cu Au EXPLORATION PROJECTS MAURITANIA COBRE PANAMA | Cu Au Ag PANAMA KANSANSHI | Cu A
Slide 4: The First Quantum Approach to ESG
THE FIRST QUANTUM APPROACH TO ESG ESG integrated into First Quantum’s operating model At First Quantum, we are proud of our mines’ contributions to society and our host communities Socially Environmentally Technically Value Responsible Sound Appropriate Accretive Actions Practices Operations Investm
Slide 5: Project Pipeline to 1 Million Tonnes Copper
PROJECT PIPELINE TO 1 MILLION TONNES COPPER 0-5 YEARS >5 YEARS FIRST QUANTUM PROJECT MODEL Brownfield First Quantum Cobre Panama IN EXECUTION In-house CP100 Expansion Board Approved Kansanshi S3 Expansion EPCM Enterprise Nickel Project COMMISSIONING BENEFITS OF FQM APPROACH Months between first prod
Slide 6: Capital Allocation - 2022 and Beyond
CAPITAL ALLOCATION - 2022 AND BEYOND Focus on debt reduction, consistent operational performance and execution of brownfield expansions 1. Balance Sheet 2. Brownfield 3. Greenfield Debt Reduction Cobre Panama CP100 Expansion Cautious approach to greenfield • Remains a priority • On track for 100 Mtp
Slide 7: 2022E Guidance
2022E GUIDANCE 2022E Guidance Previous UPDATED • Copper production guidance lowered, mainly PRODUCTION attributable to lower production at Kansanshi Total Copper (kt) 790 – 855 755 – 785 Cobre Panama 330 – 360 340 – 350 • Copper C1 cash cost1 guidance increased due Kansanshi 175 – 195 140 – 150 to l
Slide 8: Financial Overview
Kansanshi Smelter FINANCIAL OVERVIEW
Slide 9: Q3 2022 Revenues and Costs
Q3 2022 REVENUES AND COSTS REVENUE • Margin compression felt across the mining sector as weak metal prices combine with higher input prices $1.7 billion • Strong correlation between oil prices and other key consumables including diesel, coal, reagents and freight Down 9% quarter-over-quarter • Marke
Slide 10: Copper C1 Cash Cost Waterfall
COPPER C1 CASH COST¹ WATERFALL • Impact of higher costs are main drivers for the quarter-over-quarter increase in Q3 2022 1.80 +$0.01/lb Fuel 1.70 +$0.01/lb Explosives +$0.01/lb Grinding Media +$0.07/lb Fuel +$0.01/lb Explosives 2022 Guidance range ¹ C1 cash cost (C1) is a non-GAAP ratio which does
Slide 11: Q3 2022 Earnings and EBITDA
Q3 2022 EARNINGS AND EBITDA1 EBITDA¹ Q3 2022 Financial Highlights $583 million • Financial results were impacted by weak copper and gold prices and continued cost inflation Down 36% quarter-over-quarter • Cash flow from operating activities of $525 million • Interim dividend CDN$0.16 per share paid
Slide 12: EBITDA Waterfall
EBITDA¹ WATERFALL • Q3 2022 EBITDA¹ $323 million lower than Q2 2022, reflecting decline in copper prices, despite higher copper and nickel sales External Factors (-$176 million) Internal Factors (-$98 million) External Factors (-$353 million) Internal Factors (+$30 million) ($104 million) Copper ($2
Slide 13: Zambian Royalty Update
ZAMBIAN ROYALTY UPDATE • Zambia 2023 Budget announced on September 30, 2022 includes an amendment to the calculation of mineral royalty tax to be on an incremental basis • These changes, in conjunction with the removal of the non-deductibility of mineral royalty tax in 2022, bring the Zambian fiscal
Slide 14: Net Debt Evolution
NET DEBT¹ EVOLUTION • In Q3 2022, net debt¹ decreased by $10 million compared to Q2 2022 and $2.3 billion since Q2 2020 • $1 billion in 2023 senior notes redeemed YTD • $2.4 billion in available liquidity • Upgraded ratings in February by S&P and Fitch from B to B+ 6.0x 7,800 7,658 7,545 7,409 7,062
Slide 15: Capital Allocation Priorities
CAPITAL ALLOCATION PRIORITIES EXCESS CASH PRIORITIES DEBT REPAYMENT Further debt reduction likely post debt reduction targets achieved RE-INVESTING IN THE BUSINESS Sustaining and stripping capital INORGANIC PROJECTS BALANCE SHEET PRESERVATION Target opportunities where First Quantum can Net debt red
Slide 16: Cobre Panama
Botija pit COBRE PANAMA CP100 Expansion
Slide 17: Cobre Panama, Including CP100 Expansion
COBRE PANAMA, INCLUDING CP100 EXPANSION Ownership Mine Type Processing Rate CP100 Expansion 90% First Quantum Open Pit 85-90 Mtpa Sulphide circuit Expansion to 100 Mtpa (end of 2023) 10% KOMIR Cu-Au-Ag-Mo Porphyry Strip Ratio P&P Reserves M&I Resources Inferred Resources LOM 1:1 2,935.9 Mt 3,471.8 M
Slide 18: Cobre Panama 2021 ESG Performance
COBRE PANAMA 2021 ESG PERFORMANCE 82% 78% 100% 66% 0 Renewable Water Water withdrawn is Reduction in level 3 Human rights purchased reuse from a low stress environmental violations electricity environment incidents since 2017 INNOVATION COMMUNITY INVESTMENT • Expansion of use of trolley assist • 200
Slide 19: Cobre Panama 2021 ESG Performance
COBRE PANAMA 2021 ESG PERFORMANCE Greenhouse Gas Energy Water 2,387 KT CO2e 138.1 GIGALITRE 10,504 TJ WATER WITHDRAWN Scope 1 Emissions ENERGY CONSUMED Excluding sea water used for cooling 107 KT CO2e 932 TJ Scope 2 Emissions PURCHASED ELECTRICTY 37 GIGALITRE Operational Water Consumption 952 KT CO2
Slide 20: Mine and Process Plant Layout
MINE AND PROCESS PLANT LAYOUT 4 x IN-PIT PRIMARY COLINA PIT CRUSHERS TAILINGS MANAGEMENT FACILITY BOTIJA PIT ORE STOCKPILE OVERLAND CONVEYOR GOLD PLANT MILL SECONDARY & PEBBLE BUILDING FLOTATION HIGH INTENSITY MOLY PLANT SITE CRUSHING CIRCUITS GRINDING MILLS 20
Slide 21: CP100 Expansion
CP100 EXPANSION CP100 Expansion Works Progress YTD Outlook • Process water upgrades • All key project components on site • Rope shovel to be operational by year end 2022 • Additional ball mill (Ball Mill 6) • 8 additional ultra-class haul trucks commissioned • All CP100 Expansion works • New primary
Slide 22: Sentinel
Sentinel plant SENTINEL Enterprise
Slide 23: Sentinel and Enterprise
SENTINEL AND ENTERPRISE Ownership Mine Type Processing Rate Enterprise 100% First Quantum Open Pit Sentinel: 62 Mtpa 4 Mtpa Sulphide circuit Sulphide circuit (first ore H1 2023) Sentinel: primary sulphide copper SENTINEL & ENTERPRISE Enterprise: hydrothermal sulphide nickel Strip Ratio P&P Reserves
Slide 24: Sentinel 2021 ESG Performance
SENTINEL 2021 ESG PERFORMANCE 85% 61% 100% 69% 0 Renewable Water Water withdrawn is Reduction in level 3 Human rights purchased reuse from a low stress environmental violations electricity environment incidents since 2017 INNOVATION LOCAL CONTENT • Expansion of use of trolley assist, in-pit crushing
Slide 25: Sentinel 2021 ESG Performance
SENTINEL 2021 ESG PERFORMANCE Greenhouse Gas Energy Water 268 KT CO2e 57.5 GIGALITRE 5,449 TJ WATER WITHDRAWN Scope 1 Emissions ENERGY CONSUMED 179 KT CO2e 4,077 TJ 34 GIGALITRE Scope 2 Emissions PURCHASED ELECTRICTY Operational Water Consumption 241 KT CO2e 23.4 GJ 1.0 M3 Scope 3 Emissions PER TONN
Slide 26: Sentinel
SENTINEL Pit In-Pit Crushers Ball Mills Floatation Circuit 26
Slide 27: Enterprise
ENTERPRISE Enterprise Works Progress YTD Outlook • Main workstream is pre-strip • Board approval in May 2022; pre-stripping • Plant refurbishment, completion and commenced commissioning activities on • 4 Mtpa processing circuit • Mine facilities (satellite administration schedule mainly constructed
Slide 28: Kansanshi
Kansanshi Mills KANSANSHI S3 Expansion
Slide 29: Kansanshi, Including S3 Expansion
KANSANSHI, INCLUDING S3 EXPANSION Ownership Mine Type Processing Rate S3 Expansion 80% First Quantum Open Pit 7 Mtpa Oxide circuit S3 25 Mtpa Expansion (First production 2025) 20% ZCCM-IH Vein deposit; Primary 8 Mtpa Mixed circuit Smelter expansion to 1.6 Mtpa sulphide, mixed supergene 15 Mtpa Sulph
Slide 30: Kansanshi 2021 ESG Performance
KANSANSHI 2021 ESG PERFORMANCE 85% 66% 100% 0 0 Renewable Water Water withdrawn is Level 4 or 5 Human rights purchased reuse from a low stress environmental violations electricity environment Incidents INNOVATION COMMUNITY INVESTMENT • Use of trolley assist and other electric mining • Over $2 millio
Slide 31: Kansanshi 2021 ESG Performance
KANSANSHI 2021 ESG PERFORMANCE Greenhouse Gas Energy Water 906 KT CO2e 46.8 GIGALITRE 6,412 TJ WATER WITHDRAWN Scope 1 Emissions ENERGY CONSUMED 197 KT CO2e 4,480 TJ 27 GIGALITRE Scope 2 Emissions PURCHASED ELECTRICTY Operational Water Consumption 91 KT CO2e 28.3 GJ 1.7 M3 Scope 3 Emissions PER TONN
Slide 32: Kansanshi Site Layout
KANSANSHI SITE LAYOUT ROM Pad & Gyratory ROM Pad & Crushers Gyratory Crushers Oxide Oxide Stockpile & Mill Stockpile & Mill Smelter Smelter Mixed Stockpile & Mill Mixed Ore Stockpile & Mill Oxide Flotation & Oxide Flotation Sulphide Sulphide& &Mixed Ore Mixed Ore Preleach & PreleachThickener Thicken
Slide 33: S3 Expansion
S3 EXPANSION S3 Expansion Works Progress YTD Outlook • Additional concentrator • Board approval in May 2022 • Mining fleet procured; deliveries capacity • Long-lead items procured (primary commencing H2 2023 • Additional SAG and ball mill crusher, mills and fleet) • Plant commissioning and first • E
Slide 34: Kansanshi S3 Expansion Mine Layout
KANSANSHI S3 EXPANSION MINE LAYOUT IN-PIT CRUSHER IN-PIT CRUSHER WASTE CRUSHER 34
Slide 35: Kansanshi Smelter Overview
KANSANSHI SMELTER OVERVIEW Commissioned in early 2015, making it one of the • Original nameplate concentrate capacity of 1.2 Mtpa newest operating smelters globally (Ex-China) concentrate subsequently increased to 1.35 Mtpa • Fully-functional and equipped copper smelter with • Received Board approva
Slide 36: Las Cruces
Las Cruces LAS CRUCES Underground Expansion
Slide 37: Las Cruces Underground Project
LAS CRUCES UNDERGROUND PROJECT • Benefits from existing team, workforce and infrastructure • Indicative details (not included in 3-year guidance) • 3-4 year development • Mine life >15 years • Annual production ~45 kt CuEq • Environmental permits received in 2020; mine exploitation permit received i
Slide 38: Greenfield Growth
Taca Taca GREENFIELD GROWTH
Slide 39: Taca Taca
TACA TACA 275,000 Low 32 Years US$3.6 Billion Tonnes of Cu C1 Cash Costs Mine Life Capital Per Year (Peak) Investment 50 - 200 Megawatts of Renewable Energy Sanction decision not expected before 2024, conditional on market conditions Copper (ktpa) Gold (kozpa) Molybdenum (ktpa) 300 K Tonnes (Cu, Mo)
Slide 40: Taca Taca Summary
TACA TACA SUMMARY • Taca Taca is a world class, large open pit copper MINERAL RESOURCES project with gold and molybdenum by-products Tonnes TCu Mo Au Classification (Mt) (%) (%) (g/t) • Long life, low capital intensity, low cost, limited Total Measured 421.5 0.60 0.016 0.14 environmental sensitiviti
Slide 41: Taca Taca Key Items Prior to Investment
TACA TACA KEY ITEMS PRIOR TO INVESTMENT No decision expected on Taca Taca prior to 2024 Environmental Permits Key Topics for Permitting Status and Water Rights Investment Case • ESIA was submitted Environmental approvals for: • Stability in 2019 • Export Duty • Mine • Two additional ESIA’s were file
Slide 42: Haquira Overview
HAQUIRA OVERVIEW • Large scale porphyry copper project in Apurímac, Southern Peru • Acquired in December 2010 • One of the world’s major undeveloped copper deposits • M&I resource of 3.7 million tonnes of contained copper equivalent plus an inferred resource of 2.4 million tonnes of copper equivalen
Slide 43: ESG
ESG
Slide 44: Copper: Critical Mineral for the Future
COPPER: CRITICAL MINERAL FOR THE FUTURE The metals that we mine are vital to the transition to a ANNUAL COPPER DEMAND, low carbon economy and for socioeconomic IEA SUSTAINABLE DEVELOPMENT SCENARIO development Copper demand 16 for renewables, 40 CO2e Less than 1% EVs and 14 electricity 35 Total coppe
Slide 45: The First Quantum Approach to Innovation
THE FIRST QUANTUM APPROACH TO INNOVATION Leveraging innovation to drive sustainability, operational efficiencies and cost savings IN-PIT PRIMARY CRUSHING IMPROVED CONCENTRATE KANSANSHI HIGH TROLLEY ASSIST GRADES AND CONVEYING PRESSURE ACID LEACH BLAST OPTIMISATION COMMINUTION OPTIMISATION ROLLING RE
Slide 46: Operational Innovation Driving GHG Reductions
OPERATIONAL INNOVATION DRIVING GHG REDUCTIONS INDUSTRY LEADING WORLD’S LARGEST CARBON PRICE Use of mining and hauling Ultraclass fleet using Trolley Assist at Used in major new project evaluation electrification technologies Cobre Panama to incentivise lower GHG emissions ~100,000 TONNES ~1.1 MILLIO
Slide 47: Trolley Assist Case Study
TROLLEY ASSIST CASE STUDY Innovation in mining is integral to First Quantum’s philosophy Commenced in 2013 at Kansanshi and now in use at Sentinel and Cobre Panama following successful collaboration with OEMs Swapping diesel for electricity Trucks fitted with pantographs connect to overhead power li
Slide 48: Action on Climate Change
ACTION ON CLIMATE CHANGE No significant capital Carbon Price Zambian and expenditure for the evaluation of Panamanian Power expected before 2025 new projects key to decarbonisation Renewable costs competitive at current thermal coal prices -30% -50% TARGETS Reduction in absolute Reduction in absolut
Slide 49: Water Use
WATER USE First Quantum has a core commitment to minimize water withdrawal and discharge by adopting new technologies, continually improving efficiencies and on site water reuse FIRST QUANTUM GROUP 0.5% WATER WITHDRAWAL (MEGALITRES - ML) PER TONNE OF ORE MILLED Freshwater withdrawn from areas of 2.0
Slide 50: Appendix
Cobre Panama Appendix
Slide 51: Q3 2022 Highlights
Q3 2022 HIGHLIGHTS TOTAL COPPER PRODUCTION Recent Developments 194,974t Higher than Q2 2022 mainly due to • Long-term renewable power contract for CP100, shifting total energy mix at Cobre Panama to ~20% renewable by the end of 2023 improved production at Sentinel • 2023 Zambian National Budget – Re
Slide 52: Cobre Panama Q3 2022 Production and Outlook
COBRE PANAMA Q3 2022 COPPER PRODUCTION 2022 Outlook 91,671t Another record production quarter, driven • Full year grades and recoveries are expected to be consistent with 2021 • On track to exit 2021 at a throughput rate of 90 Mtpa by record mill throughput • Biennial maintenance on Unit 2 of the po
Slide 53: Kansanshi Q3 2022 Production and Outlook
KANSANSHI Q3 2022 COPPER PRODUCTION 2022 Outlook 29,862t Lower than Q2 2022 due to lower grades • Grades are expected to remain low into Q4 2022 and recoveries across all three circuits • Optimization of mine plans to provide flexibility continue • Production volumes are expected to continue at lowe
Slide 54: Sentinel Q3 2022 Production and Outlook
SENTINEL Q3 2022 COPPER PRODUCTION 2022 Outlook 64,120t Record throughput and higher grades and • Grade expected to improve in Q4 2022 as higher grade ore is exposed in Stage 1 and 2 pits recoveries. 62 Mtpa throughput rate achieved ahead of schedule • Operational focus on mining fleet availability
Slide 55: Quarterly Net Debt Movement
QUARTERLY NET DEBT MOVEMENT • In Q3 2022, net debt decreased by $10 million compared to Q2 2022, with lower EBITDA margins this quarter on the back of reduced metal prices ¹ EBITDA is a non-GAAP financial measure that does not have a standardized meaning prescribed by IFRS and might not be comparabl
Slide 56: Debt Maturity Profile as at September 30, 2022
DEBT MATURITY PROFILE AS AT SEPTEMBER 30, 2022 1,838 1,500 1,305 $ millions 1,350 1,000 850 1,500 455 256 1,000 28 455 455 488 228 2022 2023 2024 2025 2026 2027 Trident (previously KML) Senior Notes Term Loan Funding available up to $1.3 billion in Revolving Credit Facility expiring 2025, with $710
Slide 57: Copper Cash Cost and AISC
COPPER CASH COST¹ AND AISC¹ • Year-to-date copper C1 The First Quantum cash cost¹ Financial and AISC¹ of $1.72/lb and $2.33/lb, impacted by inflationary pressures and lower Policy production COPPER C1 CASH COST¹ ($/lb) COPPER AISC¹ ($/lb) 2.45 1.80 2.35 1.70 2.27 2.37 2.34 2.33 1.74 1.82 1.72 2.05 1
Slide 58: Financial Summary
FINANCIAL SUMMARY • Financials impacted by The First Quantum reducedPolicy Financial metal prices realized and impact of inflationary cost increases $ Million (except per share numbers) Q3 2022 Q2 2022 Q1 2022 Q4 2021 Q3 2021 Sales revenues³ 1,727 1,904 2,163 2,061 1,747 Gross profit 302 629 908 784
Slide 59: Quarterly Net Debt Movement
QUARTERLY NET DEBT MOVEMENT Quarterly Year-to-date movement movement Closing Net debt¹ at June 30, 2022/ December 31, 2021 (5,339) (6,053) ($ million) EBITDA¹ 583 2,669 Working capital² 22 5 Capital expenditure (296) (850) Interest paid³ (141) (382) Taxes paid (74) (506) Dividends paid (72) (75) Oth
Slide 60: Precious Metal Stream Arrangement
PRECIOUS METAL STREAM ARRANGEMENT • Cobre Panama gold and silver revenues consist of revenues derived from the sale of metals produced by the mine, as well as revenues recognized from the amortization of the precious metal stream arrangement • Stream gold and silver revenues are indexed to copper so
Slide 61: Non-GAAP EBITDA and Adjusted Earnings Reconciliation
NON-GAAP EBITDA¹ AND ADJUSTED EARNINGS¹ RECONCILIATION $ Million (except per share numbers) Q3 2022 Q3 2021 YTD 2022 YTD 2021 Operating profit 289 775 1,927 1,876 Depreciation 320 288 903 860 Foreign exchange (gain) loss (26) (180) (209) (146) Other expense 3 4 51² 8 Revisions in estimates of restor
Slide 62: Non-GAAP Measures Reconciliation C1 and AISC
NON-GAAP MEASURES RECONCILIATION C1 AND AISC Guidance$ million for the upcoming three years is provided annuallyQ3as2022 Q3 2021 reporting. part of year-end YTD 2022On a YTD 2021 quarterly basis, The First guidance Quantum for Cost Financial Policy the current year will b updated as necessary or (1,
Slide 63: EBITDA Sensitivity
EBITDA¹ SENSITIVITY Guidance for the upcoming three years is provided annually as part of year-end reporting. On a quarterly basis, The First Quantum guidance Financial for the current yearPolicy will b updated as necessary or re-affirmed. Impact on YTD Actual price/rate EBITDA¹ of a 10% Assumption
Slide 64: Summary of Brownfield Projects
SUMMARY OF BROWNFIELD PROJECTS COBRE PANAMA plus CP100 KANSANSHI plus S3 ENTERPRISE LAS CRUCES UNDERGROUND Commodity Cu, Au, Ag, Mo Cu, Au Ni Cu, Zn, Pb, Ag Mine Type Open Pit Open Pit Open Pit Underground Total Production 400 ktpa Cu 250 ktpa Cu 30 ktpa Ni 45 ktpa CuEq • Strong team in place • Stro
Slide 65: ESG Appendices
ESG Appendices
Slide 66: Continuous Focus on Health & Safety
CONTINUOUS FOCUS ON HEALTH & SAFETY We want everyone who works at our sites to go home safely to their families at the end of every shift EMERGENCY RESPONSE & CRISIS MANAGEMENT 2021 Performance 0.33 0.07 “My Emergency Control” Total recordable injury Lost time injury Mobile Application to better fre
Slide 67: Tailings Management
TAILINGS MANAGEMENT • Our Tailings Storage Facilities are designed and operated in accordance with recognised international guidelines and directives • We operate our facilities in accordance with the design intent and local conditions • Senior management and engineering staff work closely with oper
Slide 68: Cobre Panama Biodiversity
COBRE PANAMA BIODIVERSITY Protected Areas = +30x Cobre Panama Mine Footprint More than 210,000 hectares of National Parks and Managed Areas supported by Cobre Panama programs Conservation Partnerships Reforestation Plan Protected Area Action Plan Species-Level Conservation Plan 32,000+ 55,000+ Anima
Slide 69: Zambian Biodiversity
ZAMBIAN BIODIVERSITY First Quantum Program Areas = 100x Mining Footprint West Lunga Partnerships Natural habitat supported by our programs include the West Lunga Ecosystem (11,750 km2), Bushingwe (312 km2) and Lualaba (1,107 km2) national parks Developed in partnership with neighbouring communities
Slide 70: Our People
OUR PEOPLE We seek to give our workforce the chance to achieve their full potential by taking their skills and experience to the next level and the prospect of growing developing their careers COMPANY FEMALE We promote: REPRESENTATION • inclusion and diversity in the workplace 98% 30% completion of
Slide 71: Corporate Social Responsibility and Community Engagement
CORPORATE SOCIAL RESPONSIBILITY AND COMMUNITY ENGAGEMENT Earning and maintaining community support is fundamental to First Quantum’s success Respect • Transparency • Building mutual trust • Sensitivity to culture and traditions • Access to land and resources Benefit • Community investment partnershi
Slide 72: Collaboration in Community Investment
COLLABORATION IN COMMUNITY INVESTMENT Listening to communities to prioritize community investment and deliver social benefit: $31 million invested in 2021 Livelihoods Education Conservation Farming for Nutrition Trade Schools Farming Cooperatives Scholarships Village banking Learning materials Local
Slide 73: Community Development
COMMUNITY DEVELOPMENT At First Quantum, we are proud of our mines’ contributions to society and our host communities Community social and economic development plans are aligned with the UN SDGs and the national development strategies for host countries. Continual refinement of social investment stra
Slide 74: Community Livelihoods
COMMUNITY LIVELIHOODS Conservation Farming First Quantum organizes workshops to teach local farmers basic business principles and their application to high-value crop farming as a sustainable source of income 9,200 40,000 tonnes of maize grown farmers supported in 2021 by farmers to date School-on-r
Slide 75: Community Livelihoods
COMMUNITY LIVELIHOODS Association of Donoso and La Pintada Producers (DONLAP) A collaborative program by Cobre Panama and $2 million worth of produce purchased the Ministry of Agricultural Development. The from DONLAP by Cobre program is made up of local communities Panama in 2021 neighboring the mi
Slide 76: Community Health & Wellness
COMMUNITY HEALTH & WELLNESS A multidisciplinary department which: 658 • Focuses on providing holistic health and wellness services to Kansanshi and pupils participated in the soccer tournament from 20 catchment Sentinel mines and their associated communities, and schools as part of child empowerment
Slide 77: Community Infrastructure
COMMUNITY INFRASTRUCTURE Committed to building strong communities around our operations by investing in communities and public services Educational Community 3 Infrastructure new schools Constructed through the Trident foundation and 7 in collaboration with the community, First by 3 classroom blocks
Slide 78: Community Infrastructure
COMMUNITY INFRASTRUCTURE Committed to building strong communities around our operations by investing in communities and public services Investment in Panamanian Communities $4 million 4 6 12 invested in infrastructure bridges schools schools development projects constructed built renovated during 20
Slide 79: Economic Contribution
ECONOMIC CONTRIBUTION Where commercially possible, First Quantum endeavours to prioritize local firms and encourage local workforce participation The Company is committed to the maintenance of its local procurement programs, which includes: COMPANY SUPPLIER SPEND • Building capacity in local supply
Slide 80: First Quantum Minerals Ltd.
TSX FM First Quantum Minerals Ltd. info@fqml.com 416-361-6400 1-888-688-6577
First Quantum Minerals — Investor Presentation (November 2022) on 6ix