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Copper Mountain gives first production forecast
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Thursday, 02 Feb 2012
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Reuters reported that Canada's Copper Mountain Mining which started production in September last year expects to produce 85 million to 90 million pounds of copper this year at its flagship mine in southern British Columbia.

The Copper Mountain mine produced 22.2 million pounds of copper in the first four months of production. The mine which also produced 7,800 ounces of gold in the four month period is expected to produce 25,000 ounces to 30,000 ounces of gold in 2012.

Production at the Copper Mountain mine in British Columbia was delayed by about a year due to late delivery of equipment. What was originally scheduled to be mined in 2012 will be mined in 2012 and 2013. Copper Mountain owns 75% of the project while Japan's Mitsubishi Materials Corporation owns the rest.

(Sourced from Reuters)

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