Copper Mountain reports record Q4 production
Aerial view of the Copper Mountain mine in southern British Columbia. Credit: Copper Mountain Mining.
After beating its production guidance for 2020 and reporting a record fourth quarter,
Copper Mountain Mining (TSX: CMMC) is guiding a further 22% increase in production this year.
The B.C.-based miner’s 75%-owned Copper Mountain mine, 20 km south of Princeton, B.C., produced 77.6 million lb. of copper last year, compared with guidance of 70 to 75 million lb. copper. The mine also produced 29,227 oz. of gold and 392,494 oz. of silver.
In the final quarter of 2020, the open pit operation achieved record quarterly production, churning out 23.1 million lb. copper, 8,959 oz. of gold, and 144,934 oz. of silver.