Copper Mountain announces 2017 financials

News provided by

Copper Mountain Mining Corporation

Feb 06, 2018, 11:35 ET

Conference call to be held February 20, 2018

TSX: CMMC

VANCOUVER, Feb. 6, 2018 /PRNewswire/ - Copper Mountain Mining Corporation (TSX: CMMC) (the "Company" or "Copper Mountain") will hold a conference call on Tuesday, February 20, 2018 at 7:30 am (Pacific Standard Time) for Management to discuss the 2017 Year End Financial and Operating Results. Financial results will be released before the market opens on Tuesday February 20, 2018.

In the fourth quarter of 2017, Copper Mountain's mill throughput averaged 40,130 tpd, producing 22.3 million pounds of copper equivalent, including 19.5 million pounds of copper plus gold and silver credits, for a 2017 total of 88.3 million pounds of copper equivalent, including 75.8 million pounds of copper plus gold and silver credits, hitting our guidance target range.

The copper price averaged US$2.79/Lb in 2017, well above the previous year's average of US$2.20/Lb. Currently, copper is approximately US$3.21/Lb, which bodes well for CMMC shareholders.

 Copper Mountain's business strategy continues to unfold as planned:

  • We have an efficient and strong operational base from which to grow.
  • Organically, we are testing areas underneath our existing pit and are drilling the adjacent New Ingerbelle deposit to be included in our next updated 43-101 resource/reserve statement planned for Q2-2018. Results so far are encouraging.
  • In M&A news, Copper Mountain announced plans to acquire Altona Mining (Australia), en route to our plans for Copper Mountain mine #2. See news November 19, 2017.

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 has a large resource of copper that remains open laterally and at depth. This significant exploration potential is being explored over the next few years in order to fully appreciate the property's full development potential. Additional information is available on the Company's web page at www.CuMtn.com.

A conference call and audio webcast will be held on Tuesday, February 20th, 2018 at 7:30 am (Pacific Daylight Time) for
management to discuss the 2017 fourth quarter and year end 2017 financial results. This discussion will be followed by a
question-and-answer period with investors.

Live Dial-in information
Toronto and international: 647-427-7450
North America (toll-free): 1-888-231-8191
To participate in the webcast live via your computer go to:
http://event.on24.com/r.htm?e=1580534&s=1&k=716CEA9C0B2C3740086DE02F2C4CA5BF

Replay call information
Toronto and international: 416.849.0833, passcode 2098038
North America (toll-free): 1.855.859.2056, passcode 2098038
The conference call replay will be available from 10:30 am (PDT) on February 20th, 2018, until 20:59 pm PDT on March 6th, 2018.
Participant audio webcast will also be available on the Company's website at http://www.CuMtn.com  

On behalf of the Board of

COPPER MOUNTAIN MINING CORPORATION

"Jim O'Rourke"                                                                                                 

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.

SOURCE Copper Mountain Mining Corporation