Copper Mountain Mining Corporation T.CUM

Primary Symbol: CPPMF

Metals & Mining Copper

Copper Mountain Mining Corp is a copper producer, developer and explorer. Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces over 90 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. The company also has the development stage Eva Copper Project in Queensland, Australia.

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Copper Mountain Mining Corporation

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Post by parachuteon May 14, 2013 4:42pm

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Post# 21397028

Highlights of the Quarter: Seem pretty good.

First Quarter 2013 Highlights (100% Basis)

Gross profit for the quarter was $8.1 million.
Copper concentrate shipments totalled approximately 26.8 DMT during the first quarter of 2013.
Concentrate contained approximately 15.0 million pounds of copper, 5,800 ounces of gold, and 69,000 ounces of silver.
Total production for the 2013 first quarter at Copper Mountain Mine (100%) was 14.2 million pounds of copper, 5,300 ounces of gold and 64,200 ounces of silver.
Mining activities continued at a steady rate of 172,000 tonnes per day moved during the first quarter of 2013.
Milling activities continued to improve - Operating time in particular, improved by approximately 5% to 85.9% in the first quarter of 2013 (including 93.3% in February) as compared to the 2012 average of 82.1%.
EBITDA¹ and Adjusted EBITDA² were $7.5 million and $17.6 million respectively.
Adjusted earnings³ ⁴ were $7.8 million or $0.08 per share.
Site cash costs were US$1.62 per pound of copper produced net of precious metal credits.
Total costs were US$2.18 per pound of copper sold net of precious metal credits and after all off site charges.
Average realized copper price for the period US $3.56 per pound.