Interim Consolidated Statements of Earnings (Loss) (unaudited)
(expressed in millions of U.S. dollars, except where indicated and share and per share amounts)
The accompanying notes are an integral part of these unaudited interim consolidated financial statements.
First Quantum Minerals Ltd. | Q3 2021 CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 1

Three months ended
September 30
Nine months ended
September 30
Note 2021 2020 2021 2020
Sales revenues 13 1,802 1,402 5,327 3,598
Cost of sales 14 (1,189) (1,056) (3,549) (2,964)
Gross profit 613 346 1,778 634
Exploration (6) (3) (13) (9)
General and administrative (31) (24) (89) (70)
Other income (expense) 17 199 (62) 200 (217)
Operating profit 775 257 1,876 338
Finance income 17 19 49 52
Finance costs 15 (171) (198) (544) (601)
Adjustment for expected phasing of Zambian VAT 3c (4) 16 (18) 75
Loss on redemption of senior notes 8 - - - (2)
Earnings (loss) before income taxes 617 94 1,363 (138)
Income tax expense 16 (235) (62) (573) (109)
Net earnings (loss) 382 32 790 (247)
Net earnings (loss) attributable to:
Non-controlling interests 79 3 205 (58)
Shareholders of the Company 12 303 29 585 (189)
Earnings (loss) per share attributable to
the shareholders of the Company
Net earnings (loss) ($ per share)
Basic 12 0.44 0.04 0.85 (0.27)
Diluted 12 0.44 0.04 0.85 (0.27)
Weighted average shares outstanding (000’s)
Basic 12 688,852 688,806 688,700 688,342
Diluted 12 692,069 689,407 691,925 688,342
Total shares issued and outstanding (000’s) 11a 691,039 689,411 691,039 689,411

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