Copper Mountain updates construction progress on secondary crusher.pdf
Web Site: www.CuMtn.com
VANCOUVER, Feb. 21, 2014 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") announces that construction of the new permanent secondary crusher at
the Copper Mountain mine located in southern British Columbia is
underway and on schedule. The main components of the crusher have
arrived in Canada at the port of Halifax where they were off loaded
onto rail for transportation to Kamloops, BC where they will be
transported by truck to the mine site. This crusher will be the
largest cone crusher installed in western Canada and initial foundation
work is well underway and the mild west coast winter has greatly
reduced the potential extra cost of heating and hording of concrete.
The general contractor, Gisbourne are now fully staffed and proceeding
with construction as planned. The total cost of construction for the
secondary crusher is estimated to be approximately $40 million and
construction is expected to be complete by mid-summer. Once installed,
100% of the mill feed will be sized to the 2 inch range. Plant
operating results with minus 2 inch material has confirmed that the
mill operates at its designed capacity of 35,000 tpd on a consistent
For photos, click here.
Short term mitigating measures implemented in 2013 to increase mill
throughput continue to be successful with another record month of
production in January totaling 7.1 million lbs of copper. Mill
throughput is forecast to be 32,000 tpd for the first six months of
2014 and 35,000 tpd after the new permanent crusher is operational.
December and January operational results are in line with the
production forecasts. Forecast average copper head grade and production
for the year is approximately 0.375 % and 80 to 90 million pounds
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 commenced production in the
summer of 2011 and has continued to improve its operations since
startup. The 18,000 acre site has a large resource of copper that
remains open laterally and at depth. The mine has significant
exploration potential that will need to be explored over the next few
years to fully appreciate the properties full development potential.
Additional information is available on the Company's web site at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
Jim O'Rourke, P.Eng.
Chief Executive Officer
Note: This release contains forward-looking statements that involve
risks and uncertainties. These statements may differ materially from
actual future events or results. Readers are referred to the
documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk
factors that could cause actual results to differ from those contained
in the forward-looking statements. The Company undertakes no
obligation to review or confirm analysts' expectations or estimates or
to release publicly any revisions to any forward-looking statement.
PDF available at: http://stream1.newswire.ca/media/2014/02/21/20140221_C6315_DOC_EN_36970.pdf
SOURCE: Copper Mountain Mining Corporation
For further information:
Galina Meleger, Corporate Communications 604-682-2992 ext.224 Email: Galina @CuMtn.com or
Rod Shier, Chief Financial Officer 604-682-2992 ext.222 Email: Rod@CuMtn.com