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With respect to forward-looking statements and information contained herein, we have made numerous assumptions including among other things, assumptions about the price of copper, gold, nickel, zinc, pyrite, PGE, cobalt and sulphuric acid, anticipated costs and expenditures and our ability to achieve our goals. Although our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to, future production volumes and costs, costs for inputs such as oil, power and sulphur, political stability in Zambia, Peru, Mauritania, Finland, Spain, Turkey, Panama and Australia, adverse weather conditions in Zambia, Finland, Spain, Turkey and Mauritania, labour disruptions, mechanical failures, water supply, procurement and delivery of parts and supplies to the operations, the production of off-spec material.

See our Annual Information Form for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information. Although we have attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements or information, there may be other factors that cause actual results, performances, achievements or events not to be anticipated, estimated or intended. Also, many of these factors are beyond our control. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements and information made herein are qualified by this cautionary statement.

First Quantum Minerals Ltd.Consolidated Statements of EarningsUnaudited(expressed in millions of U.S. dollars, except where indicated and share and per share amounts)-------------------------------------------------------------------------                                                       Three months ended                                                            March 31                                        Note          2013           2012-------------------------------------------------------------------------Sales revenues                            11         901.2          728.7Cost of sales                             12        (591.0)        (458.4)-------------------------------------------------------------------------Gross profit                                         310.2          270.3Exploration                                           (9.7)         (12.9)General and administrative                           (25.7)         (17.4)Acquisition transaction costs                        (29.5)             -Settlement of RDC claims and sale of assets                                                  -        1,217.9Other income (expense)                                (2.3)           0.3-------------------------------------------------------------------------Operating profit                                     243.0        1,458.2Finance income                                         7.2            1.4Finance costs                             13         (11.6)          (2.2)-------------------------------------------------------------------------Earnings before income taxes                         238.6        1,457.4Income taxes                                         (99.3)         (96.4)-------------------------------------------------------------------------Net earnings for the period                          139.3        1,361.0-------------------------------------------------------------------------Net earnings for the period attributable to:Non-controlling interests                             26.9           24.1Shareholders of the Company                          112.4        1,336.9-------------------------------------------------------------------------Earnings per common share Basic                                   10b          0.23           2.82 Diluted                                 10b          0.23           2.81Weighted average shares outstanding (000's) Basic                                   10b       478,056        474,069 Diluted                                 10b       480,704        476,310Total shares issued and outstanding (000's)                                 10a       575,178        476,310-------------------------------------------------------------------------The accompanying notes are an integral part of these consolidated financialstatements.For a copy of the notes visit the Company's website atwww.first-quantum.com/First Quantum Minerals Ltd.Consolidated Statements of Comprehensive IncomeUnaudited(expressed in millions of U.S. dollars)-------------------------------------------------------------------------                                                       Three months ended                                                            March 31                                            -----------------------------                                                      2013           2012-------------------------------------------------------------------------Net earnings for the period                          139.3        1,361.0Other comprehensive income (loss)Items that may be reclassified subsequently to profit or loss: Unrealized loss on available-for-sale  investments                                         (3.7)          (2.0) Reclassification to income of loss on  available-for-sale investment (net  of taxes of $1.9)                                    5.7              - Tax on unrealized gain on available-  for-sale investments                                 0.9            0.4-------------------------------------------------------------------------Comprehensive income for the period                  142.2        1,359.4-------------------------------------------------------------------------Total comprehensive income for the period attributable to: Non-controlling interests                            26.9           24.1 Shareholders of the Company                         115.3        1,335.3-------------------------------------------------------------------------                                                     142.2        1,359.4-------------------------------------------------------------------------The accompanying notes are an integral part of these consolidated financialstatements.For a copy of the notes visit the Company's website atwww.first-quantum.com/First Quantum Minerals Ltd.Consolidated Statements of Cash FlowsUnaudited(expressed in millions of U.S. dollars)-------------------------------------------------------------------------                                                       Three months ended                                                            March 31-------------------------------------------------------------------------                                                      2013           2012-------------------------------------------------------------------------Cash flows from operating activitiesNet earnings for the period                          139.3        1,361.0Items not affecting cashDepreciation                                          67.4           40.7Unrealized foreign exchange loss                       0.8            1.7Deferred income tax expense (recovery)                23.1          (13.7)Current income tax expense                            76.2          109.9Share-based compensation expense                       5.2            3.1Net finance income                                     4.4            0.8Settlement of RDC claims and sale of assets                                                  -       (1,217.9)Reclassification to income of net loss on available-for-sale investment                      5.7              -Other                                                  2.6            1.2-------------------------------------------------------------------------                                                     324.7          286.8Taxes paid                                           (25.4)         (94.4)Change in non-cash operating working capitalIncrease in trade, other receivables and derivatives                                     (23.7)         (38.0)(Increase) decrease in inventories                    42.6          (54.0)Increase in trade and other payables                  98.2           38.1-------------------------------------------------------------------------                                                     416.4          138.5-------------------------------------------------------------------------Cash flows from (used by) investing activitiesAcquisition of Inmet Mining Corporation, net of cash acquired                  (620.0)             -Purchase and deposits on property, plant and equipment                                (338.0)        (276.9)Acquisition of investments                            (4.0)          (6.5)Interest received                                     15.4            0.6Proceeds from settlement of RDC claims and sale of assets                                      -          736.5-------------------------------------------------------------------------                                                    (946.6)         453.7-------------------------------------------------------------------------Cash flows from (used by) financing activitiesNet movement in trading facility                     (17.0)          16.7Proceeds from debt                                 2,116.4              -Repayments of debt                                   (14.8)         (33.4)Finance lease payments                                (0.5)          (0.9)Interest paid                                         (5.3)          (0.1)-------------------------------------------------------------------------                                                   2,078.8          (17.7)-------------------------------------------------------------------------Increase in cash and cash equivalents              1,548.6          574.5Cash and cash equivalents - beginning of period                                           309.0          452.1-------------------------------------------------------------------------Cash and cash equivalents - end of period                                            1,857.6        1,026.6-------------------------------------------------------------------------The accompanying notes are an integral part of these consolidated financialstatements.For a copy of the notes visit the Company's website atwww.first-quantum.com/First Quantum Minerals Ltd.Consolidated Balance SheetsUnaudited(expressed in millions of U.S. dollars)-------------------------------------------------------------------------                                                  March 31,   December 31,                                        Note          2013           2012-------------------------------------------------------------------------AssetsCurrent assetsCash and cash equivalents                          1,778.1          309.0Trade and other receivables                          499.6          390.2Inventories                                4         992.8          903.7Short term investments                     5       2,053.0              -Current portion of other assets            7         175.9          230.1-------------------------------------------------------------------------                                                   5,499.4        1,833.0Restricted cash                                       79.5              -Investments                                5          55.1           55.6Property, plant and equipment              6       9,780.1        4,953.6Promissory note receivable                           483.8          481.8Goodwill                                   3         444.2              -Other assets                               7         226.5          212.4-------------------------------------------------------------------------Total assets                                      16,568.6        7,536.4-------------------------------------------------------------------------LiabilitiesCurrent liabilitiesTrade and other payables                             796.7          355.5Current taxes payable                                 32.9           32.5Current debt                               8       4,365.5           49.1Current portion of provisions and other liabilities                                     3.6            6.5-------------------------------------------------------------------------                                                   5,198.7          443.6Debt                                       8         339.3          347.7Provisions and other liabilities                     604.1          299.2Deferred income tax liabilities                    1,138.3          564.5-------------------------------------------------------------------------Total liabilities                                  7,280.4        1,655.0-------------------------------------------------------------------------EquityShare capital                                      4,043.0        1,929.6Retained earnings                                  3,518.1        3,405.7Accumulated other comprehensive loss                  (1.4)          (4.3)-------------------------------------------------------------------------Total equity attributable to shareholders of the Company                       7,559.7        5,331.0Non-controlling interests                          1,728.5          550.4-------------------------------------------------------------------------Total equity                                       9,288.2        5,881.4-------------------------------------------------------------------------Total liabilities and equity                      16,568.6        7,536.4-------------------------------------------------------------------------Commitments                               16-------------------------------------------------------------------------The accompanying notes are an integral part of these consolidated financialstatements.For a copy of the notes visit the Company's website atwww.first-quantum.com/First Quantum Minerals Ltd.Consolidated Statements of Changes in EquityUnaudited(expressed in millions of U.S. dollars)-------------------------------------------------------------------------                                                       Three months ended                                                            March 31                                                      2013           2012-------------------------------------------------------------------------Share capitalCommon sharesBalance - beginning of period                      2,003.8        2,003.8 Shares issued on acquisition of  Inmet, net of issue costs                        2,108.2              --------------------------------------------------------------------------Balance - end of period                            4,112.0        2,003.8-------------------------------------------------------------------------Treasury sharesBalance - beginning of period                        (98.9)         (68.0) Restricted and performance stock  units vested                                           -            0.2-------------------------------------------------------------------------Balance - end of period                              (98.9)         (67.8)-------------------------------------------------------------------------Contributed surplusBalance - beginning of period                         24.7           14.8 Share-based compensation expense for  the period                                           5.2            3.1 Restricted and performance stock  units vested                                           -           (0.2)-------------------------------------------------------------------------Balance - end of period                               29.9           17.7-------------------------------------------------------------------------Total share capital                                4,043.0        1,953.7-------------------------------------------------------------------------Retained earningsBalance - beginning of period                      3,405.7        1,723.8 Earnings for the period attributable  to shareholders of the Company                     112.4        1,336.9 Dividends                                               -          (61.4)-------------------------------------------------------------------------Balance - end of period                            3,518.1        2,999.3-------------------------------------------------------------------------Accumulated other comprehensive income (loss)Balance - beginning of period                         (4.3)           1.2 Other comprehensive income (loss) for  the period                                           2.9           (1.6)-------------------------------------------------------------------------Balance - end of period                               (1.4)          (0.4)-------------------------------------------------------------------------Non-controlling interestsBalance - beginning of period                        550.4          492.9 Earnings attributable to non-  controlling interests                               26.9           24.2 Acquisition of Inmet                              1,151.2              --------------------------------------------------------------------------Balance - end of period                            1,728.5          517.1-------------------------------------------------------------------------The accompanying notes are an integral part of these consolidated financialstatements.For a copy of the notes visit the Company's website atwww.first-quantum.com/