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Stocks in play: Copper Mountain Mining Corporation

Baystreet.ca
Updated

Announced Q3 2018 production results for its Copper Mountain Mine, located in southern British Columbia. All results are reported on a 100% basis. Production for the third quarter 2018 was 18.3 million pounds of copper, 7,500 ounces of gold and 64,900 ounces of silver, which was in line with expectations. The Company guided that third-quarter 2018 copper production would be approximately 10% lower than the second quarter due to lower copper grades being mined. Actual copper production was 8.5% lower than the second quarter. Fourth quarter copper production is expected to be the strongest quarter of 2018. The Company remains on track to achieve 2018 annual production guidance of 80 million pounds of copper. Copper Mountain Mining Corporation shares T.CMMC are trading down $0.02 at $1.07.