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Gold/Mining/Energy : Copper Mountain Mining Corporation (CUM.TO) -Toronto -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (14)12/21/2012 9:15:36 PM
From: Sultan  Respond to of 55
 
It looked fine to me.. Mind you, I have not kept track of prior projections or expectations..

For my money, I intend to keep the shares into 2013 and wait and see what transpires.. A lot of noise and time of the year makes what happens to shares a suspect so I am not going to worry about it..

Here is wishing you a happy, healthy and wealthy 2013.. Happy Holidays..



To: E_K_S who wrote (14)1/17/2013 11:56:37 AM
From: Sultan  Respond to of 55
 
Copper Mountain announces production results for 2012

Web Site:
www.CuMtn.com
TSX: CUM

VANCOUVER , Jan. 17, 2013 /CNW/ - Copper Mountain Mining Corporation ( CUM.TO) (the "Company" or "Copper Mountain") announces production results for the year ended December 2012 from the Copper Mountain mine located in southern British Columbia.

In 2012 the mine shipped approximately 59 million pounds of copper, 20 thousand ounces of gold, and 402 thousand ounces of silver generating an estimated $247 million in gross revenue. Since the first shipment of concentrate in September 2011 the mine has continued to make one shipment per month to the smelters in Japan. The mine produced 57 million pounds of copper, 19 thousand ounces of gold, and 354 thousand ounces of silver during operations in 2012. The mill averaged 82% operating time for the year and milled a total of 9.4 million tonnes at an average grade of 0.343 % Copper.

Mining activities continued from the Pit 2 and Pit 3 areas and averaged approximately 170,000 tonnes per day. During the 2012 year a total of 55 million tonnes of material was mined, including 12.5 million tonnes of ore and 42.5 million tonnes of waste. The projected life of mine strip ratio is 2 to 1 but higher in the early years.

Production guidance for 2013 was issued on December 21, 2012 as approximately 80 million pounds of copper, 35 thousand ounces of gold, and 315 thousand ounces of silver. Site cash cost were estimated to be (incl. mining, milling, maintenance, admin, and engineering) of $1.25 - $1.30 per pound of copper produced net of precious metal credits. (Calculated based on $ 3.40 /lb Cu, $1,500 /oz Au and $28.50 /oz Ag). Total cash costs (incl. site costs, smelting & refining, transportation, interest and taxes) were estimated to be between $1.80 - $2.00 per pound of copper produced net of precious metal credits.

From an operational point of view, mining will continue in both Pit 2 and Pit 3 in 2013. Approximately 16 million tonnes of lower grade material will be stockpiled for processing towards the end of the mine life.

About Copper Mountain Mining Corporation:

Copper Mountain's flagship asset is the 75% owned Copper Mountain mine located in southern British Columbia near the town of Princeton. The Company has a strategic alliance with Mitsubishi Materials Corporation who owns the remaining 25%. The Copper Mountain mine commenced production in the summer of 2011, and has continued to improve its operations during the year; and attained design capacity in the summer of 2012. The 18,000 acre site has a resource of approximately 5 billion pounds of copper and remains open laterally and at depth. The mine has significant exploration potential that will need to be explored over the next few years to fully appreciate the properties full development potential. Additional information is available on the Company's web page at www.CuMtn.com.

finance.yahoo.com



To: E_K_S who wrote (14)3/14/2013 11:58:37 AM
From: Sultan  Respond to of 55
 
Copper Mountain announces 2012 year end conference call details

VANCOUVER , March 14, 2013 /CNW/ - Copper Mountain Mining Corporation ( CUM.TO) (the "Company" or "Copper Mountain") announces that the Company will release its year end 2012 financial and operational results before market hours on Monday March 18th , 2013. A conference call and audio webcast will follow on Monday March 18th, 2013 at 7:30 am (Pacific Standard Time ) for management to discuss the results. This discussion will be followed by a question-and-answer period with investors.

finance.yahoo.com



To: E_K_S who wrote (14)3/18/2013 2:53:00 PM
From: Sultan  Respond to of 55
 
RELATED QUOTES
SymbolPriceChange
CUM.TO3.14-0.06




This release should be read with the unaudited financial statements and management's discussion and analysis available at www.cumtn.com and filed on www.sedar.com. Our financial results are prepared in accordance with IFRS and expressed in Canadian dollars, unless otherwise noted. Sales and production volumes for the Company's 75%-owned Copper Mountain Mine are presented on a 100% basis unless otherwise indicated.


Web Site: www.CuMtn.com

Copper Mountain announces 2012 year end results

VANCOUVER , March 18, 2013 /CNW/ - Copper Mountain Mining Corporation ( CUM.TO) (the "Company" or "Copper Mountain") announces a gross profit of $38.2 million for the year ended December 31, 2012 , an increase of 137% over the prior year.

Year End 2012 Highlights
  • Gross profit for the year was $38.2 million .
  • Revenues for 2012 were $229.5 million from the sale of 59 million pounds of copper, 20 thousand ounces of gold, and 402 thousand ounces of silver.
  • Total production for the 2012 year at Copper Mountain mine (100%) was 57 million pounds of Copper, 19 thousand ounces of gold, and 354 thousand ounces of silver.
  • Mining activities continued to improve during the year, exiting 2012 at a rate of 186,250 TPD mined
  • Milling activities continued to improve during the year, with the resolution of a number of one off issues in the mill
  • EBITDA1 and Adjusted EBITDA2 for the year were $61.2 million and $61.7 million respectively.
  • Adjusted3 4 earnings for the year was $27.9 million or $0.28 per share.
  • Site cash costs for the year was US$1.83 per pound of copper produced net of precious metal credits.
  • Total cash costs for the year was US$2.32 per pound of copper sold net of precious metal credits and after all off- site charges.
  • Average realized copper price for 2012 was $3.61 per pound, in line with the average London Metal Exchange price for 2012


Jim O'Rourke, President and CEO of Copper Mountain, remarked "We have been challenged with mill availability and throughput tonnage in the mill for a majority of 2012, but are very pleased to report that our efforts are paying off. Although we ended the year with an 82% availability in the mill for 2012, we have since seen significant improvements in availability as we achieved 93% availability in February 2013. The mill is still challenged to consistently make designed tonnage when receiving only Pit#3 ore as it is very hard, and we are now testing additional explosives to increase fragmentation of the ore and are evaluating the installation of a secondary crusher to pre-crush the ore entering the SAG Mill. In doing so this would allow for a consistent size of finer ore going into the SAG Mill to optimize the operation. Initial estimates indicate that improved fragmentation or pre-crushing would result in ensuring the plant meets the original design capacity with potential for the grinding capacity of the SAG to be increased to the 40,000 tonnes per day range. This expansion would further strengthen the Copper Mountain Mine and ensure that it forms a strong and consistent base for the company's future. "

finance.yahoo.com



To: E_K_S who wrote (14)4/16/2013 11:49:03 AM
From: Sultan  Read Replies (2) | Respond to of 55
 
Copper Mountain provides operational update and first quarter results

VANCOUVER , April 16, 2013 /CNW/ - Copper Mountain Mining Corporation ( CUM.TO) (the "Company" or "Copper Mountain") announces production results for the first quarter of 2013 from the Copper Mountain mine located in southern British Columbia.

In the first three months of 2013 the mine shipped 29,400 wmt of concentrate containing approximately 15 million pounds of copper, 5,900 ounces of gold, and 69,000 ounces of silver generating an estimated $62.3 million in gross revenue.

The mine produced 14.2 million pounds of copper, 5,300 ounces of gold, and 64,200 ounces of silver during the first three months of operations in 2013. The mill processed a total of 2.2 million tonnes at an average grade of 0.349 % Copper. Copper production was below the 2013 average guidance but significant mill throughput improvements were achieved in the latter half of March which will enhance the balance of 2013.

Mining activities continued from the Pit 2 and Pit 3 areas on plan and averaged approximately 170,000 tonnes per day. During the quarter a total of 15.5 million tonnes of material was mined, including 4.3 million tonnes of ore and 10.4 million tonnes of waste. The projected life of mine strip ratio is 2 to 1 but higher in the early years.

Mill throughput improved significantly after the scheduled maintenance shutdown in early March. As noted during the year end conference call, the mill achieved a 93.3% availability during February and after a planned shutdown in early March, the mill achieved above budget availability of 92% to the end of the month as compared to an availability of 85.9% averaged during the first quarter. Prior to the shutdown in early March a contractor was engaged to crush a 70,000 tonne sample of our hardest Pit 3 ore to minus two inch. Upon starting up on March 8 th the mill treated the finely crushed sample and demonstrated that with pre-crushing the SAG mill can achieve throughput rates above the designed 35,000 tpd. The test confirmed that secondary crushing is an option to pursue to ensure stable and consistent increased long term mill throughput rates for ore from all Pit areas. Immediately following the fine crush sample a test was completed with ore from high intensity blasting and limited supplemental pre crushing. This test also successfully demonstrated increased mill throughput and has provided a path for short term tonnage improvements. Plans are to continue to utilize high intensity blasting that creates more fines in the SAG Mill feed and continue with a contractor to crush up to 10,000 tpd of minus 2inch SAG mill feed. Management will continue to evaluate the pre crush solutions for a final decision as to the long term plan by mid-year.

finance.yahoo.com