Copper Mountain announces 2016 year end results conference call to be held on February 21, 2017.
Web Site: www.CuMtn.com
TSX: CMMC
VANCOUVER, Feb. 14, 2017 /CNW/ - Copper Mountain Mining Corporation (TSX: CMMC) (the "Company" or "Copper Mountain") will hold a conference call on Tuesday, February 21, 2017 at 7:30 am (Pacific Standard Time) for management to discuss the 2016 Year End Financial and Operating Results. Results will be released before the market opens on Tuesday February 21, 2017.
Total production for the 2016 year was 103 million pounds of copper equivalent, including 83 million pounds of copper, 30,800 ounces of gold, and 291,900 ounces of silver, well above the Company's 2016 guidance of 80 million pounds of Copper. The mill averaged 92.1% operating time for the year at an average processing rate of 38,900 tpd for a total of 14.2 million tonnes of ore at an average grade of 0.324% copper. For the last three months of 2016 the mill averaged 41,200 tpd throughput, again well above guidance of 37,500 tpd.
Mr. Jim O'Rourke, President and Chief Executive Officer of Copper Mountain said, "The mine team has done an outstanding job of increasing mill throughput, well above the design capacity, while continuing to minimize operating costs in a very safe operating environment. The favourable mine performance, coupled with the recent rise in the copper price, bode well for the Sharehodlers."
Conference call and webcast details are as follows:
| The conference call and audio webcast will be held on Tuesday, February 21, 2017 at 7:30 am (Pacific Standard Time) and will be followed by a question-and-answer period with investors. |
| Live Dial-in information |
| Toronto and international: 647-427-7450 |
| North America (toll-free): 1-888-231-8191 |
| To participate in the webcast live via your computer go to: http://event.on24.com/r.htm?e=1347466&s=1&k=ED791330BAEC62471BE2651876C550AB |
| Replay call information |
| Toronto and international: 416-849-0833 Passcode: 51771295 |
| North America (toll-free): 1-855-859-2056 Passcode: 51771295 |
| The conference call replay will be available from 10:30 am (PST) on Tuesday, February 21, 2017, until 11:59 pm PST on Monday, March 6th, 2017. |
| Participant audio webcast will also be available on the company's website at http://www.cumtn.com |
About Copper Mountain Mining Corporation:
Copper Mountain's flagship asset is the 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 25% of the mine. The Copper Mountain mine has a large resource of copper that remains open laterally and at depth. This significant exploration potential will be explored over the next few years in order to fully appreciate the property's full development potential. Additional information is available on the Company's web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
"Rod Shier"
Rodney A. Shier, CA.
Chief Financial Officer
Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statement.
SOURCE Copper Mountain Mining Corp.
Contact
Dan Gibbons, Investor Relations 604-682-2992 ext. 238 Email: Dan@cumtn.com; Rod Shier, Chief Financial Officer 604-682-2992 ext.222 Email: Rod@CuMtn.com; Website: www.CuMtn.com