VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 1, 2016) – First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM)(LSE:FQM) today announced its production and sales for the three months and year ended December 31, 2015.

Production of all metals was within the Company’s previously-announced market guidance as was pre-commercial copper production from its Sentinel project of 32,971 tonnes for the year.

Amounts shown for Q4 and Year 2015 are preliminary and subject to final adjustment. Disclosure of the three-year guidance for production, production cost and capital expenditures is expected prior to the release of the Company’s financial results for Q4 and Year 2015.

FOURTH QUARTER AND FULL YEAR PRODUCTION SUMMARY

	Q4 2015	Q4 2014		Year 2015	Year 2014
Copper (tonnes)1	120,193	105,176		428,229	427,655
Nickel (contained tonnes)	10,190	9,934		35,472	45,879
Gold (ounces)	57,520	57,480		223,914	229,813
Zinc (tonnes)	9,605	12,557		41,139	55,980
Platinum (ounces)	10,185	9,311		31,899	34,090
Palladium (ounces)	8,062	7,234		25,196	25,990

¹ Includes pre-commercial production from Sentinel of 15,190 tonnes for Q4 2015 and 32,971 tonnes for the year 2015.

FOURTH QUARTER AND FULL YEAR SALES SUMMARY

	Q4 2015	Q4 2014		Year 2015	Year 2014
Copper (tonnes) 1	124,554	94,836		408,734	411,203
Nickel (contained tonnes)	11,195	12,189		36,355	47,749
Gold (ounces)	61,371	48,608		225,466	214,104
Zinc (tonnes)	11,036	12,663		41,618	56,268
Platinum (ounces)	11,847	8,330		34,866	33,898
Palladium (ounces)	9,231	6,256		26,451	25,846

¹ Includes pre-commercial sales from Sentinel of 6,422 tonnes for Q4 2015 and 8,896 tonnes for the year 2015.

FOURTH QUARTER AND FULL YEAR PRODUCTION AND SALES SUMMARIES BY MINE

KANSANSHI		Q4 2015	Q4 2014		Year 2015	Year 2014
Production
	Copper (tonnes)	61,600	61,924		226,674	262,287
	Gold (ounces)	34,009	36,705		136,257	154,431
Sales
	Copper (tonnes)	77,845	52,721		230,193	247,312
	Gold (ounces)	38,664	27,731		131,972	142,609
LAS CRUCES		Q4 2015	Q4 2014		Year 2015	Year 2014
Production
	Copper (tonnes)	18,608	17,525		70,029	71,090
Sales
	Copper (tonnes)	16,884	15,594		70,566	71,120
GUELB MOGHREIN		Q4 2015	Q4 2014		Year 2015	Year 2014
Production
	Copper (tonnes)	11,845	9,768		45,001	33,079
	Gold (ounces)	17,145	13,901		64,007	48,948
Sales
	Copper (tonnes)	11,228	8,519		47,322	30,095
	Gold (ounces)	16,667	13,421		70,680	45,901
ÇAYELI		Q4 2015	Q4 2014		Year 2015	Year 2014
Production
	Copper (tonnes)	5,606	7,820		24,304	29,360
	Gold (ounces)	1,015	1,521		4,034	5,599
	Zinc (tonnes)	3,778	8,513		19,808	36,218
Sales
	Copper (tonnes)	4,262	8,419		22,401	29,241
	Gold (ounces)	989	1,796		4,379	6,406
	Zinc (tonnes)	4,847	9,362		19,479	37,298
PYHÄSALMI		Q4 2015	Q4 2014		Year 2015	Year 2014
Production
	Copper (tonnes)	3,035	4,038		12,046	14,304
	Gold (ounces)	1,719	2,258		6,768	7,989
	Zinc (tonnes)	5,827	4,043		21,331	19,762
Sales
	Copper (tonnes)	2,892	4,038		12,276	13,894
	Gold (ounces)	1,637	2,432		6,895	8,313
	Zinc (tonnes)	6,188	3,300		22,139	18,970
SENTINEL		Q4 2015	Q4 2014		Year 2015	Year 2014
Production
	Copper (tonnes)	15,190	–		32,971	–
Sales
	Copper (tonnes)	6,422	–		8,896	–
RAVENSTHORPE		Q4 2015	Q4 2014		Year 2015	Year 2014
Production
	Nickel (contained tonnes)	7,652	7,736		26,667	36,445
Sales
	Nickel (contained tonnes)	8,583	9,912		26,933	37,981
KEVITSA		Q4 2015	Q4 2014		Year 2015	Year 2014
Production
Nickel (contained tonnes)		2,538	2,197		8,805	9,433
Copper (tonnes)		4,307	4,101		17,204	17,535
Gold (ounces)		3,631	3,093		12,847	12,844
Platinum (ounces)		10,185	9,311		31,899	34,090
Palladium (ounces)		8,062	7,234		25,196	25,990
Sales
Nickel (contained tonnes)		2,611	2,277		9,421	9,768
Copper (tonnes)		5,020	5,545		17,081	19,542
Gold (ounces)		3,413	3,229		11,539	10,876
Platinum (ounces)		11,847	8,330		34,866	33,898
Palladium (ounces)		9,231	6,256		26,451	25,846

On Behalf of the Board of Directors of First Quantum Minerals Ltd.

G. Clive Newall, President

Listed in Standard and Poor’s: 12g3-2b-82-4461

For further information visit our website at www.first-quantum.com