Jim O’Rourke, President and CEO of Copper Mountain Mining Corporation speaks about their mine that produces approximately 80 million pounds of copper a year.
Copper Mountain Mining Corporation is an open pit operating mine in the southern part of British Columbia, about 300 kilometers east of Vancouver. And very close to the town of Princeton where a lot of our employees live. It has a very well established infrastructure, good water source, good power source. The operation is very efficient it’s utilizing modern technologies which have been very beneficial and keeping our cost down. We produce approximately 80 million pounds of copper per year plus, precious metals gold and silver which account for between 15 and 20 percent of our revenue. Typically we have very little discharge from the site. Also, we reclaim our water from our tailings facility for reuse in the process. To date, we’ve been very successful in our drill programs in terms of extending the mine life and increasing our resources. Recently, as part of our growth strategy we have reached an agreement to acquire an Australian company which has a potential to double our production and we believe that this is in the best interest and very positive for our shareholders.
Copper Mountain Mining Corporation (TSX: CMMC) 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.
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