Stocks in Play: Copper Mountain Mining Corporation
Thursday, January 17, 2013 03:43 PM EST - Copper Mountain Mining Corporation : announced production results for the year ended December 2012 from the Copper Mountain mine located in southern British Columbia. In 2012, the mine shipped approximately 59 million pounds of copper, 20,000 ounces of gold, and 402,000 ounces of silver generating an estimated $247 million in gross revenue. Since the first shipment of concentrate in September 2011 the mine has continued to make one shipment per month to the smelters in Japan. The mine produced 57 million pounds of copper, 19,000 ounces of gold, and 354,000 ounces of silver during operations in 2012. The mill averaged 82% operating time for the year and milled a total of 9.4 million tonnes at an average grade of 0.343 % Copper. Copper Mountain Mining Corporation ( T.CUM ) shares were down $0.175 at 3.815.
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