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Copper Mountain Mining (TSX:CUM) has announced production results for the second quarter of 2016, from the Copper Mountain Mine in British Columbia. As quoted in the press release: Second Quarter 2016 Production Highlights: Annual production on track:  Produced 21.2 million pounds of copper, 7,980 ounces of gold, and 74,910 ounces of silver during the second …

Copper Mountain Mining (TSX:CUM) has announced production results for the second quarter of 2016, from the Copper Mountain Mine in British Columbia.
As quoted in the press release:

Second Quarter 2016 Production Highlights:

  • Annual production on track:  Produced 21.2 million pounds of copper, 7,980 ounces of gold, and 74,910 ounces of silver during the second quarter, bringing the first half year production totals to 40.1 million pounds of copper, 15,600 ounces of gold, and 139,300 ounces of silver, which is on track to meet production guidance for the year.
  • Gold production contribution increased: Gold and silver prices to provide a favourable contribution to the operation and account for over 20% of the mine revenue.
  • Mill throughput:  Milled 3.4 million tonnes of ore at an average rate of 37,480 tpd, with 91.6% operating time. Copper recovery for the period was 82.4% treating an average grade of 0.343% copper.
  • Mine production strong:  Mined approximately 196,900 tonnes of material per day during the second quarter, ahead of budget expectations.

Mining activities continued from the Pit 2, Saddle and Virginia Pit areas.  A total of 17.9 million tonnes of material was mined, including 5.7 million tonnes of ore and 12.2 million tonnes of waste, resulting in a strip ratio of  2.14 to 1. High equipment mechanical availability was maintained during the quarter which helps contribute to the above average mining rates achieved during the quarter.

Click here to read the full press release.

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