TSX: CMMC Last: 1.21 Vol: 608,650 (15 min delay)

Main content

ProjectsCopper Mountain MineHistorical Milestones

  • 2015
    • Full season with secondary crusher. Record site operating costs. Record total operating costs. Record quarterly mill throughput: 37,400tpd (Q3 2015). 80 million lbs Cu sold.
  • 2014
    • Installation of the new secondary crusher was completed in July, on budget and on schedule, to increase mill throughput and improve mine profitability.
  • 2013
    • Implementation of short term crushing strategies initiated to improve production and mill efficiencies.
    • Permanent secondary crusher installation initiated to ensure consistent SAG mill feed.
  • 2012
    • Significant progress achieved on the ramp up to full production.
  • 2011
    • Construction of $438 million project completed on schedule and on budget.
    • Commissioning of processing facilities underway.
  • 2010
    • Major milling equipment is delivered onsite.
    • Mine Permits received.
    • $322 million project debt financing secured.
    • Pre–production mining begins.
  • 2009
    • Excavations of mill site and foundation initiated.
    • Mitsubishi Materials Corporation purchases 25% of the project.
  • 2008
    • Memorandum of Understanding (MOU) signed with Mitsubishi Materials as a strategic partner.
    • Additional 60,000 meter drill program was completed, which expanded the resource by 45% to 5 billion lbs Cu.
    • Positive feasibility study completed mid–year confirmed economic viability.
  • 2007
    • Copper Mountain acquired the property and immediately started a 44,000 meter drill program.
    • Successful geophysical Titan 24 Survey completed.