BRITISH COLUMBIA – Vancouver-based Copper Mountain Mining Corp., owner of the Copper Mountain open pit and mill 20 km south of Princeton, said that it has second quarter revenues of C$56.8 million on the sale of 18.4 million lb of copper, 6,400 oz of gold and 66,700 oz of silver. Total cash costs were US$1.81 per lb of copper cold, net of precious metals credits.
Second quarter revenues in 2015 were down roughly 16% from the C$68.0 million received in Q2 2014. Profit was likewise down at approximately C$1.2 million in Q2 2015 from C$10.4 million in the same quarter a year earlier.
The recently installed semi-autogenous grinding mill hit a record daily throughput of 45,939 t/d in April 2015. The boost in capacity allowed the mill to treat 3.2 million tonnes of ore in Q2 2015, compared to 2.8 million a year earlier.
More information about Copper Mountain is available at CuMtn.com.