Copper Mountain up 11% on record Q1 production

Vancouver-based Copper Mountain Mining (TSX: CUM) saw its shares climb after revealing record first quarter copper production at its 75%-held Copper Mountain mine near Princeton, BC.

The mine produced 19.1 million lb of copper, a 34% increase over the first quarter of 2013, and slightly above the previous quarter’s output of 18.6 million lb, setting a new production high. The concentrate also contained 5,400 oz of gold and 105,300 oz of silver. Mitsubishi Materials Corp. owns the remaining 25% of the mine.

… During the quarter, the mill processed 2.6 million tonnes of ore averaging 0.39% Cu, compared to Chang’s estimate of 2.9 million tonnes grading 0.36%.

Read the entire story at NorthernMiner.com/news/copper-mountain