Copper Mountain Mine:
Fast track construction of the Copper Mountain mine, processing facilities and related infrastructure began in April of 2010. Development activities were completed by June 30, 2011.
The development concept is fairly straightforward; the Company is combining three existing open pits into one large super pit over time. The mine has a brand new mobile mining fleet consisting of two Komatsu PC 8000 hydraulic shovels, thirteen 240 ton Komatsu 830E haul trucks, one Komatsu WA 1200 loader, two PV271 Atlas Copco rotary drills, one PV351 Atlas Copco rotary drill, and a fleet of support equipment. In addition, the mine recently acquired an Ex 5500 Hitachi hydraulic shovel, five 260 ton haul trucks, and a PV 351 drill.
The mine utilizes a conventional crushing, grinding, and flotation to produce copper concentrates with gold and silver credits. The mine processing plan focuses on processing the higher–grade ore in the first twelve years, with lower grade material being sent to stockpiles for blending and processing later in the mine's life. The facility is designed to operate 24 hours per day, 365 days per year with a 92% mechanical availability including pre–scheduled downtime for equipment maintenance. Concentrates are exported via the port of Vancouver to Mitsubishi smelters in Japan for treatment and sale.
The company has an off take agreement with Mitsubishi Materials Corporation ('Mitsubishi'), where Mitsubishi have agreed to purchase 100% of the projects concentrate at LME spot rates at the time of settlement.