FIRST QUANTUM LOWER CU PRICE ESTIMATES OFFSET BY LOWER OPERATING COSTS; SALE OF KEVITSA & $2.5 B NONRECOURSE LOAN PERMIT US TO EXCLUDE ADDITIONAL 20% SALE OF COBRE PANAMA 5/7/2016

FIRST QUANTUM LOWER CU PRICE ESTIMATES OFFSET BY LOWER
OPERATING COSTS; SALE OF KEVITSA & $2.5 B NONRECOURSE LOAN
PERMIT US TO EXCLUDE ADDITIONAL 20% SALE OF COBRE PANAMA 5/7/2016