Copper Mountain Mining: Achieves record quarterly production

  • Copper Mountain Mining (C6C) has achieved a record quarterly production of 30.4 million ounces of copper equivalent for Q1 2021
  • Throughout the quarter, the company produced 25.5 million pounds of copper, 8187 ounces of gold and 160,484 ounces of silver
  • Average mill feed grade also increased to 0.42 per cent, up from 0.30 per cent in the prior corresponding period (pcp)
  • Exploration began at Copper Mountain’s namesake mine in Canada while its exploration team mobilised to site in Cloncurry, Queensland
  • Revenue totalled C$162.2 million (around A$167.3 million) for Q1, more than double the pcp
  • Copper Mountain has ended the day 8.06 per cent in the green with shares trading at $4.02
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

eBay Invests in TrueLayer, Strengthening Pay By Bank Initiative

The partnership aims to enhance direct bank transfers for eBay users.Highlights: eBay invests in TrueLayer to enhance payment...

Vestwell Doubles Valuation After $385 Million Series E Funding

U.S. savings platform Vestwell gains significant investment, boosting growth potential.Highlights: Vestwell raises $385 million in Series E funding.Valuation...

Australian AI Fintech Lorikeet Expands with New London Office

Lorikeet sets its sights on international growth by establishing a presence in London.Highlights: Lorikeet opens a new office...

ClearBank Enhances European Strategy with Ex-Uber Executive

New appointment aims to boost ClearBank's presence in Europe.Highlights: ClearBank hires ex-Uber VP of Operations for European expansion.Focus...