Copper Mountain Mining Reports Record Copper Production for Q3

Copper Mountain Mining Corporation (TSX:CUM) reported that production results for the third quarter of 2014 have set another record for its Copper Mountain mine in British Columbia.

As quoted in the press release:

Copper production for the third quarter of 2014 totaled 21.7 million pounds of copper, a 9% increase as compared to the second quarter of 2014, setting another new production record for the mine. The concentrate also included 6,100 ounces of gold and 124,100 ounces of silver. During the quarter the mill processed a total of 2.8 million tonnes of ore at an average grade of 0.421 % Copper. During the quarter the mill achieved 90.5% availability and averaged a total of 30,700 tpd throughput. The Company continues to optimize the newly installed secondary crusher which averaged 35,900 tpd crushed during the last week of September, with a high day achievement of 43,500 tonnes of ore.

Copper Mountain president and CEO, Jim O’Rourke, said:

We are extremely pleased with our construction and operating team’s efforts on bringing the new $40 million secondary crusher into production on schedule and on budget. Minor modifications to the circuits are ongoing, but finer SAG mill feed has confirmed throughput forecasts. Current production rates in the 35,000 tpd range are being achieved.

Click here to read the Copper Mountain Mining Corporation (TSX:CUM) press release