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Copper Mountain Mining Corporation (TSX: CMMC) (the “Company” or “Copper Mountain”) announces 2017 year end revenues of $304 million, after pricing adjustments and treatment charges, from the sale of 73.9 million pounds of copper, 23,800 ounces of gold, and 264,800 ounces of silver. Total cash cost for the year was US$1.81 per pound of copper sold, net of precious metals …
Copper Mountain Mining Corporation (TSX: CMMC) (the “Company” or “Copper Mountain”) announces 2017 year end revenues of $304 million, after pricing adjustments and treatment charges, from the sale of 73.9 million pounds of copper, 23,800 ounces of gold, and 264,800 ounces of silver. Total cash cost for the year was US$1.81 per pound of copper sold, net of precious metals credits.
As quoted in the press release:
Jim O’Rourke, President and CEO of Copper Mountain, remarked “During 2017, Copper Mountain continued to demonstrate efficiency in production and mine operations. The installment of the SAG mill bull gear in April 2017 was a major maintenance project that was completed ahead of schedule. The mine had $102.8 million in cash flow from operations and generated $67 million in earnings. The mine has continued to focus on cost controls and production efficiencies.”
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