Copper Mountain Increases Mineral Reserves at Copper Mountain Mine

Copper Mountain Mining (TSX:CMMC,ASX:C6C) has announced an updated mineral reserve and mineral resource estimate along with updated life of mine production guidance for its Copper Mountain mine in southern British Columbia.

President and CEO of Copper Mountain, Gil Clausen said:

“Our Flagship Copper Mountain mine’s longevity provides a solid cash flow base for our new growth projects. The production projections in this updated guidance do not include the large mineral resource or potential from the New Ingerbelle deposit. We believe extraordinary upside exists as we now begin the evaluation of integrating New Ingerbelle into the Copper Mountain mine plan.”

As quoted in the press release, for the life of mine production plan:

Total material moved is expected to be 572 million tonnes over 14 years, with total ore mined expected to be 148 million tonnes and total waste expected to be 424 million tonnes. 13.5 million tonnes of inferred resource within the pit shell is treated as waste. Using average recoveries of 79 percent for copper, 68 percent for gold and 71 percent for silver, total production is expected to be 925 million pounds of copper, 333,000 ounces of gold and 4.2 million ounces of silver.

Click here to read the full Copper Mountain Mining (TSX:CMMC,ASX:C6C) press release.