Copper Mountain Mining (TSX:CUM, StockForum), a Vancouver-based firm engaged in the exploration, development and operation of Canadian mineral properties, provided an update today on the construction of the new permanent secondary crusher at its Copper Mountain Mine located in southern British Columbia.
According to the news release, construction continues and is on schedule with the main components having arrived at Kamloops via rail. Said components are being prepped for transport by specialized truck to the mine site.
The biggest challenge of the move was the lower bowl assembly as it is the largest component and weighs over 100 tons. The company obtained special road permits to transport the component from the Department of Transportation which arrived last week. Copper Mountain has contracted Nickel Bros Heavy Lifting and Transportation to complete this leg of the journey.
The release went on to note, “This crusher will be the largest cone crusher installed in western Canada and has the ability to crush the 6 inch rock from the primary crusher down to 2 inches in size. The new crushing facility is designed to operate at a rate of 2,800 tpoh and is designed to meet the most demanding and high tonnage applications.”
Total cost for the crusher's construction is expected to total approximately $40.0 million with the build anticipated to be complete by mid-summer.
Copper Mountain Mining was in the news recently when the company announced it was set to increase production by 25% in a CEO Clip Video.
Shares rose 7.43% on the news to $2.17 per share.
Currently there are 116.3m outstanding shares with a market cap of $252.4 million.