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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.


OTCPK:CPPMF - Post by User

Copper Mountain Mining Corporation > Outrageous
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Comment by smilingmickeyon Mar 26, 2022 4:19am
247 Views
Post# 34547769

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Outrageous

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Outrageous
Hi Pat,
I think you will find that the debt was raised to enable CMMC to be able to raise external finance for  EVA and other expenses outside of Copper Mountain.
The debt deal makes the interest costs that CMMC have to pay now,  higher than the previous arrangement but enables them to use it  expand outside Copper Mountain.
CMMC's results for 2021 were poor, resulting from a breakdown of a crusher. This problem should be fixed before end of 2nd quarter hence low production guidance from CMMC Management for the first half.

Jam tomorrow!

SM
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