First Quantum Minerals Ltd. · TSX:FM
First Quantum Minerals — Investor Presentation (January 2023)
77 slides from First Quantum Minerals's investor presentation, January 2023
Slide 1: Responsible Growth
TSX FM RESPONSIBLE GROWTH January 2023
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 EPCM Approved Kansanshi S3 Expansion Enterprise Nickel Project COMMISSIONING BENEFITS OF FQM APPROACH Months between first prod
Slide 6: Capital Allocation - 2023 and Beyond
CAPITAL ALLOCATION - 2023 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 projects until • Remains a priority • On tr
Slide 7: Q4 & FY 2022 Production
Q4 & FY 2022 PRODUCTION Q4 Q4 Year Year • 2022 Total copper production was down 5% from 2022 PRODUCTION 2022 2021 2022 2021 2021 but copper production in Q4 2022 was 11kt above Q3 2022 Total Copper (kt) 206 202 776 816 Cobre Panama 90 80 350 331 • Cobre Panama delivered record annual production Kans
Slide 8: Three-Year Guidance
THREE-YEAR GUIDANCE PRODUCTION GUIDANCE COST AND CAPEX GUIDANCE 2023E 2024E 2025E Copper Cost Guidance ($/lb) 2023E 2024E 2025E Cobre Panama 350 - 380 370 - 400 370 - 400 C1 1.65 - 1.85 1.65 - 1.85 1.60 - 1.85 Kansanshi 130 -150 130 - 150 140 - 180 AISC 2.25 - 2.45 2.25 - 2.45 2.20 - 2.45 Sentinel 2
Slide 9: Cobre Panama Contract Discussions
COBRE PANAMA CONTRACT DISCUSSIONS First Quantum remains ready to reach an agreement that is fair and equitable to both parties Engagement with the Government of Panamá has been ongoing for more than a year on a refreshed concession contract to secure the long-term future of Cobre Panamá Engagement c
Slide 10: Zambian Royalty Update
ZAMBIAN ROYALTY UPDATE • Zambia 2023 Budget announced on September 30, 2022 included an amendment to the calculation of mineral royalty tax to be on an incremental basis. This change was enacted effective January 1, 2023 • This change, in conjunction with the removal of the non-deductibility of mine
Slide 11: 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 Net D
Slide 12: 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 unlock Net d
Slide 13: Cobre Panama
Botija pit COBRE PANAMA CP100 Expansion
Slide 14: 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 10% KOMIR Cu-Au-Ag-Mo Porphyry (end of 2023) Strip Ratio P&P Reserves M&I Resources Inferred Resources LOM 1:1 2,935.9 Mt 3,471.8 M
Slide 15: CP100 Expansion
CP100 EXPANSION CP100 Expansion Works Progress to date Outlook • Process water upgrades • All key project components on site • All CP100 Expansion works scheduled for completion Q1 2023 • Additional ball mill (Ball Mill 6) • 8 additional ultra-class haul trucks commissioned • 100 Mtpa rate by the en
Slide 16: 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 incidents violations electricity environment since 2017 INNOVATION COMMUNITY INVESTMENT • Expansion of use of trolley assist • 200
Slide 17: 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 18: 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 BUILDING SECONDARY & PEBBLE FLOTATION CIRCUITS HIGH INTENSITY GRINDING MOLY PLANT SITE CRUSHING MILLS 18
Slide 19: Sentinel
Sentinel plant SENTINEL Enterprise
Slide 20: Sentinel and Enterprise
SENTINEL AND ENTERPRISE Ownership Mine Type Processing Rate Enterprise 100% First Quantum Open Pit Sentinel: 62 Mtpa Sulphide 4 Mtpa Sulphide circuit circuit (first ore H1 2023) Sentinel: primary sulphide copper SENTINEL & ENTERPRISE Enterprise: hydrothermal sulphide nickel Strip Ratio P&P Reserves
Slide 21: Enterprise
ENTERPRISE Enterprise Works Progress To Date Outlook • Main workstream is pre-strip • Board approval in May 2022; pre-stripping • Plant refurbishment, completion and commenced commissioning activities on schedule • 4 Mtpa processing circuit mainly constructed in 2014 as part of • Mine facilities (sa
Slide 22: 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 BIODIVERSITY LOCAL CONTENT • Supporting social and ecological development thro
Slide 23: 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 24: Sentinel
SENTINEL Pit In-Pit Crushers Ball Mills Floatation Circuit 24
Slide 25: Kansanshi
Kansanshi Mills KANSANSHI S3 Expansion
Slide 26: 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 20% ZCCM-IH Vein deposit; Primary sulphide, 8 Mtpa Mixed circuit (First production 2025) mixed supergene and oxide 15 Mtpa Sulphide circuit Smelter
Slide 27: S3 Expansion
S3 EXPANSION S3 Expansion Works Progress To Date Outlook • Additional concentrator capacity Board approval in May 2022 • Mining fleet deliveries commencing H2 2023 • Additional SAG and ball mill • Long-lead items procured (primary crusher, mills and fleet) • Plant commissioning and first production
Slide 28: 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 SOCIAL PROJECTS INNOVATION • Conservation farming program helping nearly 40,000 farmers • Use of t
Slide 29: 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 30: Kansanshi Site Layout
KANSANSHI SITE LAYOUT ROM Pad & Gyratory ROM Pad & Crushers Gyratory Crushers OxideOxide Stockpile & Mill Stockpile & Mill Smelter Smelter Mixed Stockpile & Mill Mixed Ore Stockpile & Mill OxideFlotation Oxide Flotation & Sulphide Sulphide&&Mixed Mixed Ore Ore Preleach & PreleachThickener Thickener
Slide 31: Kansanshi S3 Expansion Mine Layout
KANSANSHI S3 EXPANSION MINE LAYOUT IN-PIT CRUSHER IN-PIT CRUSHER WASTE CRUSHER 31
Slide 32: Kansanshi Smelter Overview
KANSANSHI SMELTER OVERVIEW Commissioned in early 2015, making it one of the newest • Original nameplate concentrate capacity of 1.2 Mtpa operating smelters globally (Ex-China) concentrate subsequently increased to 1.35 Mtpa • Fully-functional and equipped copper smelter with • Received Board approva
Slide 33: Las Cruces
Las Cruces LAS CRUCES Underground Expansion
Slide 34: 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 35: Greenfield Growth
Taca Taca GREENFIELD GROWTH
Slide 36: 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 37: Taca Taca Summary
TACA TACA SUMMARY • Taca Taca is a world class, large open pit copper project with MINERAL RESOURCES 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 38: 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 Investment Permitting Status and Water Rights Case • ESIA was submitted Environmental approvals for: • Stability in 2019 • Export Duty • Mine • Two additional ESIA’s were file
Slide 39: 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 40: ESG
ESG
Slide 41: Copper: Critical Mineral for the Future
COPPER: CRITICAL MINERAL FOR THE FUTURE The metals that we mine are vital to the transition to a low ANNUAL COPPER DEMAND, carbon economy and for socioeconomic development IEA SUSTAINABLE DEVELOPMENT SCENARIO 16 Copper demand for 40 CO2e Less than 1% renewables, EVs and 14 electricity networks 35 of
Slide 42: 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 AND KANSANSHI HIGH PRESSURE TROLLEY ASSIST IMPROVED CONCENTRATE GRADES CONVEYING ACID LEACH BLAST OPTIMISATION COMMINUTION OPTIMISATION ROLLING RE
Slide 43: Operational Innovation Driving GHG Reductions
OPERATIONAL INNOVATION DRIVING GHG REDUCTIONS INDUSTRY LEADING WORLD’S LARGEST CARBON PRICE Use of mining and hauling electrification Ultraclass fleet using Trolley Assist at Cobre Used in major new project evaluation to technologies Panama incentivise lower GHG emissions ~100,000 TONNES total estim
Slide 44: 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 45: 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 46: 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 hig
Slide 47: Appendix
Cobre Panama Appendix
Slide 48: 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 49: 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 50: 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 51: 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 52: 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 53: 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 54: Copper Cash Cost and AISC
COPPER CASH COST¹ AND AISC¹ The First Quantum Financial Policy • Year-to-date copper C1 cash cost¹ and AISC¹ of $1.72/lb and $2.33/lb, impacted by inflationary pressures and lower production COPPER C1 CASH COST¹ ($/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 55: Financial Summary
FINANCIAL SUMMARY • Financials The Firstimpacted Quantumby reduced metal Financial prices realized and impact of inflationary cost increases Policy $ 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 56: 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 57: 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 58: 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 59: Non-GAAP Measures Reconciliation C1 and AISC
NON-GAAP MEASURES RECONCILIATION C1 AND AISC $ million Q3 2022 Q3 2021 YTD 2022 YTD 2021 Cost of sales¹ (1,425) (1,134) (3,955) (3,373) Depreciation 320 288 903 860 By-product credits² 145 159 461 457 Royalties 83 121 326 348 Treatment and refining charges (57) (50) (165) (156) Freight costs (11) (1
Slide 60: EBITDA Sensitivity
EBITDA¹ SENSITIVITY Guidance for the upcoming three years is provided annually as part of year-end reporting. On a quarterly basis, guidance for the The First current Quantum year Financial will b updated Policyor re-affirmed. as necessary Impact on YTD EBITDA¹ Actual price/rate YTD Assumption of a
Slide 61: 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 62: ESG Appendices
ESG Appendices
Slide 63: 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 64: 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 65: 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 66: 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 67: 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 and developing their careers COMPANY FEMALE We promote: REPRESENTATION • inclusion and diversity in the workplace 98% 30% completion
Slide 68: 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 69: 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 70: 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 71: 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 in farmers supported to 2021 by farmers date School-on-r
Slide 72: Community Livelihoods
COMMUNITY LIVELIHOODS Association of Donoso and La Pintada Producers (DONLAP) A collaborative program by Cobre Panama and the $2 million worth of produce purchased from Ministry of Agricultural Development. The program DONLAP by Cobre Panama in 2021 is made up of local communities neighboring the mi
Slide 73: Community Health & Wellness
COMMUNITY HEALTH & WELLNESS A multidisciplinary department which: 658 • Focuses on providing holistic health and wellness services to Kansanshi and Sentinel pupils participated in the soccer tournament from 20 catchment schools mines and their associated communities, and as part of child empowerment
Slide 74: 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 in 7 collaboration with the community, First Quantum has by 3 clas
Slide 75: 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 built schools development projects constructed renovated during 20
Slide 76: 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 77: 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 (January 2023) on 6ix