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Copper Mountain Mining Corp. (TSX:CUM) announced its results for the first quarter of 2012. The company’s plan for the second quarter is to continue working towards its mill’s design capacity.
Copper Mountain Mining Corp. (TSX:CUM) announced its results for the first quarter of 2012. The company’s plan for the second quarter is to continue working towards its mill’s design capacity.
According to the press release, highlights include:
- A total of four copper concentrate shipments were delivered to Japan totalling 29,400 dry metric tonnes of concentrate containing 15.7 million pounds of copper, 5,781 ounces of gold, and 124,546 ounces of silver.
- Total revenues were $71.0 million including pricing adjustments. Gross profit was $27.3 million.
- Provisional4 pricing for concentrate shipments averaged US$3.73 per pound of copper and the cash margin was US$1.90 per pound sold for the first quarter of 2012.
Click here to read the full Copper Mountain Mining Corp. (TSX:CUM) press release.