Copper Mountain, producing copper in British Colombia. We remain bullish on the medium to a longer term outlook for copper. The Copper Mountain story is underpinned by an established mine that’s operating well in a safe jurisdiction, with production extending out to about 20-25. The mine which is rated at 35,000 tons a day is now operating at well over 40,000 tons a day.
Copper Mountain Mining Corporation is a Canadian based mining company whose flagship asset is the Copper Mountain mine located in southern British Columbia, near the town of Princeton.
The Company has a strategic alliance with Mitsubishi Materials Corporation who own 25% of the mine. The Copper Mountain mine produces about 100 million pounds of copper equivalent production per year, including significant gold and silver credits, all of which are shipped to Japan for smelting in one of Mitsubishi’s copper smelters.
The 18,000 acre site has a large resource of copper that 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 property’s full development potential.
We continue to focus on maximizing cash flow & minimizing costs.
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