superb NEWS ..CMMC is an easy double now... remember Q3 2019: C1 cash costs per pound of copper produced was
US$2.12 and all in sustaining cost (AISC) per pound of copper was
US$2.28,
forecast 2020: C1 cash costs in 2020 expected to be in the range of
US$1.30 to
US$1.45 per pound
.....
Copper Mountain Mining Announces 2019 Production and Provides Three-Year Guidance
Canada NewsWire
VANCOUVER, Jan. 13, 2020
VANCOUVER, Jan. 13, 2020 /CNW/ - Copper Mountain Mining Corporation (TSX:CMMC | ASX:C6C) (“Copper Mountain” or the “Company) announces Q4 and full year 2019 production results for its Copper Mountain Mine, located in southern British Columbia. The Company also announces three-year production guidance for 2020 to 2022 and cost guidance for 2020. All results are reported on a 100% basis.
Highlights
- 2020 production expected to increase up to 33% to 86 to 96 million pounds of copper
- Production for 2019 was 72.0 million pounds of copper, meeting 2019 production guidance
- Production for Q4 2019 was 18.6 million pounds of copper, 14% higher than Q3 2019
- C1 cash costs in 2020 expected to be in the range of US$1.30 to US$1.45 per pound
Gil Clausen, Copper Mountain’s President and CEO, commented, “We are now well positioned to deliver strong production, improved grades and lower cost as a result of the significant development completed in 2019 at the Copper Mountain Mine. The benefits of that investment were evident in the fourth quarter of 2019, with strong production and grade improvement as we opened up more high-grade zones in our main pit. We expect production to increase 20 to 33% in 2020 to 86 to 96 million pounds of copper, well over 100 million pounds on a copper equivalent basis. Further, with the concentrator expansion on track for completion by the end of 2020, higher production levels are expected to continue into the future. We are continuing to focus on maximizing cash flow while prudently investing in our low risk, low capital, high return growth projects in 2020.”
...extremely undervalued!