The company remains on track to achieve 2018 annual production guidance of 80 million pounds of copper.
Copper Mountain Mining (TSX:CMMC,ASX:C6C) has announced its Q3 2018 production results for its Copper Mountain mine, located in southern British Columbia.
As quoted in the press release:
Production for the third quarter 2018 was 18.3 million pounds of copper, 7,500 ounces of gold and 64,900 ounces of silver, which was in line with expectations. The company guided that third quarter 2018 copper production would be approximately 10 percent lower than the second quarter due to lower copper grades being mined. Actual copper production was 8.5 percent lower than the second quarter. Fourth quarter copper production is expected to be the strongest quarter of 2018. The company remains on track to achieve 2018 annual production guidance of 80 million pounds of copper.
President and CEO of Copper Mountain, Gil Clausen said:
“Copper Mountain mine operated on plan and as expected this quarter. The fourth quarter will be our strongest quarter this year and we are on track to achieve our production guidance. Copper Mountain continues to demonstrate predictability and consistency.”