{"id":1159572,"date":"2020-01-13T13:12:26","date_gmt":"2020-01-13T19:12:26","guid":{"rendered":"https:\/\/www.mining.com\/?p=1011138"},"modified":"2020-01-13T13:12:26","modified_gmt":"2020-01-13T19:12:26","slug":"copper-mountain-meets-2019-guidance-expects-to-grow-production","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1159572","title":{"rendered":"Copper Mountain meets 2019 guidance; expects to grow production"},"content":{"rendered":"<p>Copper Mountain Mining has released 2019 operating results and provided three-year production guidance for its 75% owned Copper Mountain mine. The company\u2019s total production of 87.2 million lb. copper-equivalent last year came in at the lower end of its guidance range of 86 million lb. to 95 million lb. for the year with 22.6 million copper-equivalent pounds produced in the fourth quarter.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Over the next three years, the miner expects production around the 100 million lb. copper-equivalent level with a plant expansion to 45,000 tonnes per day, up from 40,000 tpd currently, expected to be commissioned by the end of this year.<\/p>\n<p>\u201cWe are now well positioned to deliver strong production, improved grades and lower cost as a result of the significant development completed in 2019 at the Copper Mountain mine,\u201d Gil Clausen, the company\u2019s president and CEO said in a release. \u201cThe benefits of that investment were evident in the fourth quarter of 2019, with strong production and grade improvement as we opened up more high-grade zones in our main pit.\u201d<\/p>\n<p>The improvements in grade are expected to continue into this year.<\/p>\n<p>In 2020, all-in sustaining costs are forecast at $1.95 to $2.20 per lb. of copper. An additional $33 million is planned for expansion projects, primarily allocated towards the concentrator expansion at Copper Mountain.<\/p>\n<p>The company acquired the Copper Mountain mine in 2006 and started production in 2011 with a 35,000 tpd mill.<\/p>\n<p>Current reserves across the Copper Mountain project stand at 477 million tonnes grading 0.23% copper, 0.1 g\/t gold and 0.73 g\/t silver for a current mine life of 31 years. The company is currently working on a pre-feasibility study to examine the option of a plant expansion beyond the 45,000 tpd level.<\/p>\n<p>Mitsubishi Materials holds a 25% stake in the Copper Mountain project.<\/p>\n<p><em>(This article first appeared in the <\/em><a href=\"http:\/\/www.canadianminingjournal.com\/\"  rel=\"noreferrer noopener\"><em>Canadian Mining Journal<\/em><\/a><em>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company&rsquo;s total production of 87.2 million lb. copper-equivalent last year came in at the lower end of its guidance range.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1159572"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1159572"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1159572\/revisions"}],"predecessor-version":[{"id":1159595,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1159572\/revisions\/1159595"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1159572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1159572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1159572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}