Copper Mountain Release Q1 Results

Base Metals Investing

Copper Mountain released their Q1 results today, and announced that President and Chief Executive Officer James C. O’Rourke will be retiring.

Copper Mountain (TSX:CMMC) today released their Q1 results for 2018, detailing first quarter revenues of CA$78 million after pricing adjustments and treatment charges from the sale of 24.8 million pounds of copper equivalent, including 21.7 million pounds of copper, 6,500 ounces of gold, and 80,600 ounces of silver.

The report came out on the same day the company announced president and chiev executive officer of Copper Mountain Jim O’Rourke would be retiring this year.

As quoted in the press release:

Jim O’Rourke said “during the first quarter of 2018, the mill throughput averaged 38,800 tonnes per day. Abnormally high snowfall during the quarter created operating challenges in the pit and resulted in some power supply disruptions. We remain bullish on the outlook for the copper market and with our production on target we are well positioned to benefit from a strong copper price environment.”

Click here to view the full Copper Mountain Mining Corporation (TSX:CMMC) press release.

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