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Copper Mountain Announces Q2 2018 Production Results

ID: 1538540
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(PresseBox) - Copper Mountain Mining Corporation (TSX: CMMC | ASX: C6C - https://www.youtube.com/watch?v=NqDcU2k6tH8&t=2s) (the ?Company? or ?Copper Mountain?) is pleased to announce production results for Q2 2018 from the Copper Mountain Mine, located in southern British Columbia.

Second Quarter 2018 Production Highlights:

Q2 Production: 23.1 million pounds of copper equivalent, which includes 20 million pounds of copper, 6,500 ounces of gold and 68,400 ounces of silver.

H1 2018 production: 46 million pounds of copper equivalent, which includes 39.9 million pounds of copper, 12,600 oz gold and 146,300 oz silver.

On track for 2018 production guidance: Copper Mountain?s 2018 guidance for copper production remains unchanged at 80 million pounds (+/- 5%).

Mining production: Open pit mining averaged 214,500 tonnes per day, 13% above guidance of 190,000 tpd.

Mill throughput: Milling averaged 37,000 tonnes per day.

Mr. Gil Clausen, President and Chief Executive Officer of Copper Mountain, said ?The operation performed well during the quarter, with production higher year over year. Copper Mountain is demonstrating consistent and solid production and we are on track to achieve annual guidance.?

Production in the second quarter of 2018 was 23.1 million pounds of copper equivalent (which includes 20 million pounds of copper, 6,500 ounces of gold and 68,400 ounces of silver), which was 13% higher than the second quarter of 2017 and in line with the first quarter of 2018. The Company expects production in the second half of the year to be stronger than the first half of the year, as production was marginally impacted in the second quarter by a reduction in mill throughput as a result of the replacement of two mill transformers and a SAG mill liner change.

During the Quarter, the Company accelerated the installation of two oil filled transformers for the SAG Mill, which are expected to be commissioned by the end of July 2018.



Mining activities continued from the Pit 2, Saddle and Pit 3 areas during the second quarter of 2018.now begun.

Q2 2018 Financial and Operating Results Conference Call and Webcast

Copper Mountain will release Q2 2018 Financial and Operating before the market opens on Tuesday, August 7, 2018. The Company will hold a conference call on Tuesday, August 7, 2018 at 7:30 am (Pacific Standard Time) for management to discuss the Q2 2018 Financial and Operating Results.

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 computer go to: https://event.on24.com/wcc/r/1791161/D0B739B616FCF077D8F8CCDB33DAE1AA

Replay call information

Toronto and international: 416-849-0833 Passcode: 3669918

North America (toll-free): 1-855-859-2056 Passcode: 3669918

The conference call replay will be available from 10:30 am (PST) on August 7th, until 20:59 pm PST on August 14th, 2018.

Participant audio webcast will also be available on the company?s website at http://www.cumtn.com 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 is being explored to maximize the property?s full development potential. Copper Mountain?s Cloncurry project in Queensland, Australia, includes the development-ready Eva Copper Project and an extensive exploration potential within the Company?s 379,000 hectare highly prospective land package within the Mount Isa area.

Additional information is available on the Company?s web page at www.CuMtn.com.

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Date: 07/16/2018 - 07:06
Language: English
News-ID 1538540
Character count: 6011
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Firma: Swiss Resource Capital AG
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Stadt: Vancouver, British Columbia
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