HomeFinTechCopper Mountain Mining: Achieves record quarterly production

Copper Mountain Mining: Achieves record quarterly production

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  • 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
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