VANCOUVER, Oct. 25, 2013 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") announces that the Company will release its third quarter 2013 financial and operational results before market hours on Wednesday October 30th, 2013. A conference call and audio webcast will follow on Wednesday October 30th, 2013 at 7:30 am (Pacific Standard Time) for management to discuss the results. This discussion will be followed by a question-and-answer period with investors.
Copper Mountain announces third quarter 2013 results
This release should be read with the unaudited financial statements and management's discussion and analysis available at www.cumtn.com and filed on www.sedar.com. Our financial results are prepared in accordance with IFRS and expressed in Canadian dollars, unless otherwise noted. Sales and production volumes for the Company's 75%-owned Copper Mountain mine are presented on a 100% basis unless otherwise indicated.
VANCOUVER, Oct. 30, 2013 /CNW/ - Copper Mountain Mining Corporation (the "Company" or "Copper Mountain") announces revenues of $67.6 million after pricing adjustments and treatment charges for the three months ended September 30, 2013.
Third Quarter 2013 Highlights (100% Basis)
Total production for the 2013 third quarter at Copper Mountain Mine (100%) was 17.7 million pounds of copper, 6,400 ounces of gold and 79,300 ounces of silver.
Revenues of $67.6 million for the quarter after pricing adjustments and treatment charges.
Copper concentrate shipments contained approximately 16.6 million pounds of copper, 6,300 ounces of gold, and 77,100 ounces of silver during the quarter.
Mining activities continued at a steady rate of 154,300 tonnes per day mined during the third quarter of 2013.
Milling activities continued to improve - Average throughput rate was 29,130 tonnes per day (tpd) in the third quarter of 2013, as compared to 26,000 tpd for the first half of the year.
Copper Recoveries were 87.2% in the third quarter as compared to 85.0 % for the first half of the year.
EBITDA1 and Adjusted EBITDA2 were $29.5 million and $14.8 million for the quarter respectively.
Net income attributable to the shareholders of the Company were $11.2 million or $0.11 per share
Site cash costs were US$1.68 per pound of copper produced net of precious metal credits.
Total costs were US$2.22 per pound of copper sold net of precious metal credits and after all off site charges.
Average realized copper price for the period US $3.22 per pound.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 11, 2013) -
Copper Mountain Mining Corporation (TSX:CUM) ("Copper Mountain" or the "Company") is pleased to announce that it has entered into an agreement with National Bank Financial Inc. as lead underwriter on behalf of a syndicate of underwriters to be formed (the "Underwriters"), for the issuance of 17,700,000 common shares (the "Shares") of the Company, on a bought deal basis, at a price of Cdn$1.70 per Share for aggregate gross proceeds of Cdn$30,090,000 (the "Offering").
Copper Mountain plans to use the net proceeds of this financing for the construction of a secondary crusher to increase production at the Copper Mountain Mine site and for general corporate purposes.
The Underwriters also have the option to increase the size of the Offering by up to an additional 2,655,000 Shares (the "Underwriters' Option") at any time until 30 days following the closing of the Offering, for aggregate gross proceeds under the Offering of Cdn$34,603,500 if the Underwriters' Option is exercised in full.
The Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada, other than Quebec, pursuant to National Instrument 44-101 Short Form Prospectus Distributions.
The offering is scheduled to close on or about December 3, 2013 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 11, 2013) -
Copper Mountain Mining Corporation (TSX:CUM) ("Copper Mountain" or the "Company") is pleased to announce that it has entered into an agreement with National Bank Financial Inc. as lead underwriter on behalf of a syndicate of underwriters to be formed (the "Underwriters"), for the issuance of 17,700,000 common shares (the "Shares") of the Company, on a bought deal basis, at a price of Cdn$1.70 per Share for aggregate gross proceeds of Cdn$30,090,000 (the "Offering").
Copper Mountain plans to use the net proceeds of this financing for the construction of a secondary crusher to increase production at the Copper Mountain Mine site and for general corporate purposes.
The Underwriters also have the option to increase the size of the Offering by up to an additional 2,655,000 Shares (the "Underwriters' Option") at any time until 30 days following the closing of the Offering, for aggregate gross proceeds under the Offering of Cdn$34,603,500 if the Underwriters' Option is exercised in full.
The Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada, other than Quebec, pursuant to National Instrument 44-101 Short Form Prospectus Distributions.
The offering is scheduled to close on or about December 3, 2013 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.
VANCOUVER, Feb. 20, 2014 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") announces revenues of $233.1 million after pricing adjustments and treatment charges for the year ended December 31, 2013 from the sale of 64.8 million pounds of copper, 24,200 ounces of gold, and 301,300 ounces of silver.
Year End 2013 Highlights (100% Basis)
Total production for the 2013 fiscal year at Copper Mountain Mine (100%) was 66.2 million pounds of copper, 21,600 ounces of gold and 320,400 ounces of silver. This represents a 17% growth in copper production and a 14% growth in gold production from 2012.
Gross profit for the year was $31.0 million.
Mining activities continued to improve during the year, exiting 2013 at a rate of 165,600 TPD mined.
Milling activities continued to improve - Average throughput rate was nearly 33,000 tonnes per day (tpd) and mill availability was 95% for the month of December 2013
EBITDA1 and Adjusted EBITDA2 were $40.5 million and $58.5 million for the fiscal year respectively.
Adjusted earnings per share were $14.5 million or $0.15 per share
Site cash costs for the year was US$1.70 per pound of copper produced net of precious metal credits.
Total cash costs for the year was US$2.22 per pound of copper sold net of precious metal credits and after all off- site charges.
Realized prices on metal sales for 2013 was $3.25 per pound of copper, $1,340 per ounce of gold and $21.75 per ounce of silver.
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