Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
Gold & Silver Prices in
In the same category
Copper Mountain announces 2013 production guidance
Published : December 21, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Copper | Gold | Silver |

Copper Mountain announces 2013 production guidance

Web Site:

VANCOUVER, Dec. 21, 2012 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") announces production guidance for the 2013 year from the Copper Mountain mine located in southern British Columbia.

Copper Mountain is projecting 2013 production of approximately 80 million pounds of copper, 35,000 ounces of gold, and 315,000 ounces of silver. - Site cash cost are estimated to be (incl. mining, milling, maintenance, admin, and engineering) of $1.25 - $1.30 per pound of copper produced net of precious metal credits. (Calculated based on $ 3.40 /lb Cu, $1,500/oz Au and $28.50/oz Ag).  Total cash costs (incl. site costs, smelting & refining, transportation, interest and taxes) are estimated to be between $1.80 - $2.00 per pound of copper produced net of precious metal credits.

The mining rate is projected to continue at a rate of about 175,000 tonnes per day to provide 35,000 tonnes per day of mill feed. The forecast production is based on a head grade of approximately 0.35 percent copper. Mine site operating costs are estimated to total approximately $13.65 per tonne milled with mining costs projected at $1.48 per tonne mined.

From an operational point of view, the mine plans to continue to mine in both the Pit 2 and Pit 3 areas.  Approximately 16 million tonnes of lower grade material will be stockpiled for processing towards the end of the mine life.

The Company's goal for 2013 is to continue to optimize performance of the Copper Mountain Mine, to maximize our copper production.

Management plans to continue the exploration drilling for 2013 which will build from the 2012 exploration program.  The 2012 exploration drilling has been focused along the western and northern edges of Pit 2, partly to expand the pit limits, test mineralization at depth and to infill gaps within the resource model.  Exploration staff are continuing to cut the drill core from the 2012 exploration program and management expects to be in a position to comment on the second half 2012 exploration results during Q1 of 2013.  Plans for the drill 2013 program will be finalized after the 2012 results are evaluated.

About Copper Mountain Mining Corporation:
Copper Mountain's flagship asset is the 75% owned Copper Mountain mine located in southern British Columbia near the town of Princeton. The Company has a strategic alliance with Mitsubishi Materials Corporation who owns the remaining 25%. The Copper Mountain mine commenced production in the summer of 2011, and has continued to improve its operations during the year; and attained design capacity in the summer of 2012. The 18,000 acre site has a resource of approximately 5 billion pounds of copper and remains open laterally and at depth. The mine has significant exploration potential that will need to be explored over the next few years to fully appreciate the properties full development potential.  Additional information is available on the Company's web page at

On behalf of the Board of


"Jim O'Rourke" 

Jim O'Rourke, P.Eng.
Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information:
This release contains forward-looking statements that involve risks and uncertainties.  These statements may differ materially from actual future events or results.  Readers are referred to the documents, filed by the Company on SEDAR at, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.  The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statement.

SOURCE: Copper Mountain Mining Corporation

For further information:

Galina Meleger, Corporate Communications  604-682-2992 ext.224 Email: Galina or
Rod Shier, Chief Financial Officer 604-682-2992 ext.222 Email:

Copper Mountain Mining Corp.

Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Copper Mountain is a copper development stage company based in Canada.

Copper Mountain holds various exploration projects in Canada.

Its main asset in development is COPPER MOUNTAIN PROJECT in Canada and its main exploration property is SIMILCO MINE in Canada.

Copper Mountain is listed in Canada and in Germany. Its market capitalisation is CA$ 119.2 millions as of today (US$ 89.7 millions, € 83.4 millions).

Its stock quote reached its lowest recent point on November 28, 2008 at CA$ 0.31, and its highest recent level on June 03, 2011 at CA$ 8.15.

Copper Mountain has 132 390 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Corporate Presentations of Copper Mountain Mining Corp.
3/14/2008Canaccord initiates Coverage On Copper MiountainReceived: fr...
Annual reports of Copper Mountain Mining Corp.
Annual Report 2007
Financings of Copper Mountain Mining Corp.
8/3/2016Copper Mountain closes bought deal financing
12/18/2007 Closes An Additional $2.2 Million Private PlacementReceived...
Option Grants of Copper Mountain Mining Corp.
5/11/2015Announces Manager Investor Relations
Nominations of Copper Mountain Mining Corp.
6/24/2013Report on Voting Results for Directors from the 2013 Annual ...
Financials of Copper Mountain Mining Corp.
2/20/2015Announces 2014 Year End Results
11/12/2014Announces 2014 Third Quarter Results
10/8/2013Provides Third Quarter Operational Update
7/11/2013provides second quarter operational update
4/16/2013provides operational update and first quarter results
2/26/20082007 REVIEW AND FINANCIAL RESULTSReceived: from mailer
Project news of Copper Mountain Mining Corp.
8/8/2016Copper Mountain Mining Production Improvements Strengthen Q2...
4/14/2015announces production results for Q1-2015
1/19/2015announces production results for 2014
7/9/2014Copper Mountain mine achieved record second quarter copper p...
4/9/2014Copper Mountain mine achieved record first quarter copper pr...
1/15/2014announces production results for 2013
12/11/2013provides 2014 production guidance and operational update
5/16/2013SAG Mill Motor Transformer Failure at Copper Mountain Mine
1/17/2013announces production results for 2012
1/17/2013announces production results for 2012
12/21/2012announces 2013 production guidance
3/29/2011(Copper Mountain Project)Drilling below Pit 2 intersects 127.5m grading 1.01% Cu, 2.3...
3/7/2011(Copper Mountain Project)- Drilling extends Pit 2 mineralization below planned Super ...
12/14/2010(Copper Mountain Project)Mounatin Results Next To Supreme Resources
11/17/2010(Copper Mountain Project)Project Continues on Track
2/7/2008(Copper Mountain Project)Intersects 215 FT. GRADING 0.85% Cu, 0.45 g/t Au, and 4.93 g...
Corporate news of Copper Mountain Mining Corp.
7/13/2016Copper Mountain Increases Size of Bought Deal Offering
7/12/2016Copper Mountain Announces C$5 Million Bought Deal Offering
7/12/2016Copper Mountain Announces Production Results For Q2-2016
6/23/2016Copper Mountain Mining Corporation Report on Voting Results ...
6/8/2016Copper Mountain Appoints Dan Gibbons to Investor Relations
5/19/2016Premier of BC Visits Copper Mountain
5/5/2016Copper Mountain Mining Corp. :CUM-CA: Earnings Analysis: Q1,...
5/2/2016Edited Transcript of CUM.TO earnings conference call or pres...
5/2/2016Copper Mountain Mining Announces Positive Q1 2016 Results
5/2/2016Q1 2016 Copper Mountain Mining Corp Earnings Release - Befor...
4/19/2016Copper Mountain Receives Mine Safety Award for Second Consec...
1/21/2016Copper Mountain Mining to Present at TD Securities Mining Co...
1/14/2016Copper Mountain Announces Production Results For 2015
12/14/2015Copper Mountain Mining Corp. Earnings Analysis: Q3, 2015 By ...
11/9/2015Copper Mountain Announces Positive Q3 2015 Results
11/9/2015Q3 2015 Copper Mountain Mining Corp Earnings Release - Time ...
10/6/2015Copper Mountain Announces Record Mill Throughput For Q3-2015
9/3/2015Copper Mountain Mining to Present at Bank of America Merrill...
9/2/2015Edited Transcript of CUM.TO earnings conference call or pres...
8/28/2015Copper Mountain Mining Corp. Earnings Q2, 2015
8/10/2015Q2 2015 Copper Mountain Mining Corp Earnings Release - Befor...
8/10/2015Copper Mountain announces positive Q2 2015 results
7/9/2015Copper Mountain Mine Announces Production Results for Q2-201...
7/9/2015mine announces production results for Q2-2015
6/24/2015Copper Mountain Mining Corporation Report on Voting Results ...
6/9/2015Copper Mountain Responds to Montrusco Bolton's News Release ...
6/9/2015Responds to Montrusco Bolton's News Release on Shareholder P...
5/11/2015Copper Mountain Announces Manager, Investor Relations
5/11/2015Copper Mountain Announces Manager Investor Relations
4/27/2015Q1 2015 Copper Mountain Mining Corp Earnings Release - Befor...
4/27/2015Copper Mountain Announces Q1 2015 Financial Results
4/22/2015Copper Mountain Safety Performance Honoured By The BC Govern...
4/22/2015Safety Performance Honoured by the BC Government
4/14/2015Copper Mountain announces production results for Q1-2015
2/20/2015Copper Mountain Announces 2014 Year End Results
1/19/2015Copper Mountain announces production results for 2014
11/12/2014Copper Mountain Announces 2014 Third Quarter Results
10/8/2014Mine Achieved Record Third Quarter Copper Production
10/8/2014Copper Mountain Mine Achieved Record Third Quarter Copper Pr...
8/11/2014Copper Mountain announces 2014 second quarter results
7/9/2014Canada Stocks Rise After 2-Day Slump as Royal Bank Extends R...
6/20/2014Copper Mountain Mining Corporation Report on Voting Results ...
6/18/2014construction of secondary crusher on schedule and budget
6/18/2014Copper Mountain construction of secondary crusher on schedul...
5/2/2014Copper Mountain announces 2014 first quarter results
4/9/2014mine achieved record first quarter copper production
2/21/2014s construction progress on secondary crusher
2/14/2014announces 2013 year end conference call details
2/4/2014announces secondary crusher construction on schedule for sum...
12/3/2013closes Cdn $30 million bought deal financing
11/22/2013reports Ball Mill transformer interruption
10/25/2013announces third quarter 2013 conference call details
7/29/2013announces 2013 second quarter conference call details
6/10/2013mine back in full operation one week ahead of schedule
5/22/2013mine back in operation earlier than expected
5/6/2013announces 2013 first quarter conference call details
4/3/20132012 drilling extends mineralization to the north and below ...
3/14/2013announces 2012 year end conference call details
11/6/2012Announces 2012 Third Quarter Conference Call Details
10/30/2012Jim O'Rourke, CEO is inducted into the Canadian Mining Hall ...
10/16/2012announces 2012 third quarter production and sales results
9/17/2012Operational Update
10/4/2011Mitsubishi Lifts Force Majeure Notice to Copper Mountain
7/12/2011produces first concentrate and commences trucking to port
9/8/2009FILES PRELIMINARY PROSPECTUSReceived: from mailer
4/30/2009Mitsubishi and Copper Mountain Agree To Extended MOU
3/18/2008Former BMO Nesbitt Burns Inc Managing Director Carl Renzoni ...
7/31/2007Drill program progresses at Copper Mountain
7/12/2007New Mineralized Zones Intersected at Copper MountainReceived...
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.900
12/05 15:59 0.110
Prev close Open
0.790 0.830
Low High
0.830 0.910
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
0.360 -  0.900 136.84%
Volume 1 month var.
862,778 -%
24hGold TrendPower© : 16
Develops Copper
Explores for
Interactive chart Add to compare
Print Compare Export
Last updated on : 11/2/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Pioneer Resources(Au-Ni)PIO.AX
intersects further High Grade Caesium and Lithium mineralisation at Pioneer Dome LCT Pegmatite Proje
AU$ 0.02+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
Announces 2016 Production Results
CA$ 7.63-7.74%Trend Power :
Uranium Res.(Ur)URRE
Announces Proposed Public Offering of Common Stock
US$ 2.52-19.49%Trend Power :
Corazon Mining.CZN.AX
to Commence Drilling at Lynn Lake Nickel-Copper-Cobalt Project in Canada - Targeting Priority Geophy
AU$ 0.02-10.00%Trend Power :
Marathon Oil(Ngas-Oil)MRO
New SEC Document(s) for Marathon Oil Corporation
US$ 17.45+0.06%Trend Power :
Announces Proposed Amendments to Convertible Debentures
CA$ 5.25+0.19%Trend Power :
Candelaria settles contingent payment to Goldgroup
CA$ 0.15+3.45%Trend Power :
Musgrave Minerals LTDMGV.AX
Patersons Securities Limited – MGV Research Note November 16, 2016 - 8:26 am
AU$ 0.07-5.33%Trend Power :
Royal Gold(Ag-Au-Cu)RGLD
Royal Gold Increases Common Stock Dividend 4.4 to $0.96 per Share
US$ 65.51-2.44%Trend Power :
Sims Metal Management LTDSGM.AX
Appendix 3B
AU$ 12.52-0.56%Trend Power :
Atlas Iron(Fe)AGO.AX
Change in substantial holding (Marathon)
AU$ 0.04+0.00%Trend Power :
Atlas Iron(Fe)AGO.AX
Change in substantial holding for Centaurus
AU$ 0.04+0.00%Trend Power :
Horizon Oil LTDHZN.AX
Amendment to Explanatory Memorandum Appendix 3B
AU$ 0.06-3.13%Trend Power :
Phosphate Australia LTDPOZ.AX
Change of Director's Interest Notice
AU$ 0.02+0.00%Trend Power :
Consolidated Zinc LTDCZL.AX
Further high grades intersected at Plomosas
AU$ 0.03+0.00%Trend Power :
Tala Hamza Zinc Project ProgressesTowards Development
AU$ 0.16+3.33%Trend Power :
Pilgangoora Lithium-Strategic Partnership $40M Placement
AU$ 0.16-1.88%Trend Power :
Sprott Resources(Ag-Au-Co)SCP.TO
Resource Corp. Announces Holdings in InPlay Oil Corp.
CA$ 0.55+1.85%Trend Power :
Announces Q3 2016 Financial and Operating Results
US$ 0.19+5.56%Trend Power :
Silver Standard(Ag-Au-Cu)SSO.TO
Corporate Exploration Update
CA$ 13.04-1.36%Trend Power :