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Copper Mountain Mining achieves 2018 production guidance

Mining News - Published on Fri, 11 Jan 2019

Image Source: Swiss Resource Capital
Copper Mountain Mining Corporation announced 04 and full year 2018 production results for its Copper Mountain mine, located in southern British Columbia. The Company also announces three-year production guidance for 2019 to 2021. All results are reported on a 100% basis. Copper Mountain's President and CEO, Gil Clausen said "We are pleased to finish 2018 strong, achieving guidance across all metrics. As we guided, the fourth quarter was our strongest production quarter. The Copper Mountain mine continues to operate predictably and reliably and in line with plan."

Mr Clausen added, "We expect production in 2019 to be slightly lower than 2018, but as we move forward, production levels are expected to increase materially. We are also currently advancing our technical work to bring the New Ingerbelle Mineral Resources into Mineral Reserves and integrate those reserves into a new life of mine plan technical report for the Copper Mountain Mine. We are well advanced on this work and on track to deliver the results in the first quarter of 2019. The integrated life of mine plan results are not included in our current three-year guidance, and have the potential to add significant production value to Copper Mountain."

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Posted By : Rabi Wangkhem on Fri, 11 Jan 2019
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