Copper Mountain Mining Corp.
Copper Mountain Mining Corporation (TSX: CMMC) is a Canadian based mining company whose 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 own 25% of the mine. The Copper Mountain mine produces about 100 million pounds of copper equivalent production per year, including significant gold and silver credits, all of which are shipped to Japan for smelting in one of Mitsubishi’s copper smelters.
The Copper Mountain mineral claims cover ~18,000 acres (>28 square miles. 73 square km) This site has a large resource of copper that remains open laterally and at depth. The mine has significant exploration potential that is being explored to fully appreciate the property’s full development potential.
We continue to focus on maximizing cash flow & minimizing costs.
Copper Mountain continues to maximize the cash flow and to minimize the productions costs. The next big target is the completion of the merger with Altona Mining and then bring the Little Eva Mine in Australia into production by 2020.
Data & Facts
|Outstanding shares:||134.1 Million shares|
|Fully diluted:||147.4 Million shares|
|Management & Insider:||7.5%|
|Head office:||Copper Mountain Mining Corp.|
|Suite 1700 – 700 W Pender Street|
|Vancouver, BC V6C 1G8|
|Management:||James C. (Jim) O'Rourke, P. Eng., OBC., CEO & Director|
|Rodney A. (Rod) Shier, CPA-CA, CFO and Corporate Secretary|
|Peter Holbek, BSc. (Hons) M.Sc., P.Geo, VP Exploration|
|William (Bill) Mracek, P.Eng, VP Mining|
|Richard J. Joyes, BSc. Geo, Senior Exploration Geologist|
News Copper Mountain Mining Corp.
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