5 billion pounds
Canada's Newest Mid Tier Copper Producer
Copper Mountain Mining Corporation, Vancover, BC; TSX:CUM, is a Canadian based, high growth mining company focused on adding value through successful exploration, project development, efficient operations, and opportunistic acquisitions.
Maintaining a low risk profile through project diversification, astute financial management and operating in secure jurisdictions are key priorities for Copper Mountain's Management team.
Copper Mountain's main asset is the 75% owned Copper Mountain mine located in southern British Columbia.
The Company has a strategic alliance with Mitsubishi Materials Corporation who own the remaining 25%.The 18,000 acre mine site has a resource of approximately 5 billion pounds of copper.
The Copper Mountain Mine commenced production in the summer of 2011 and is Canada's newest major copper producer with mill throughput of 35,000 TPD. The annual production target is 105 million pounds of copper with gold and silver credits.
Copper Mountain Mine
The Copper Mountain Mine is located 20 km south of Princeton BC, Canada and employees 272 workers. The Mine commenced production in the summer of 2011 and is planned to produce 105 million pounds of copper per year (for the first 12 years) plus precious metal credits.
Project Snapshot
Ownership |
75% Copper Mountain Mining Corporation |
Location |
20 km south of Princeton, BC |
Infrastructure |
Road Accessible, 300 km from Van |
Deposit Type |
Porphyry (Alkalic) |
Mine Type |
Open Pit |
Expected Mine Life |
17 years |
Annual Production rate |
105 million Lbs Cu (12 year average) |
Secondary Metals |
Gold & Silver |
Resource (NI43–101) |
5 Billion lbs of Cu with precious metal credits |
Process |
Floatation |
End Product |
Cu (+ Au, Ag) Concentrate |
Employees on site |
272 |
Copper Mountain Mine: Exploration
The Copper Mountain Mine has an 18,000 acre land package with multiple prospective targets. In 2008, the company succeeded in finishing one of the largest drill programs in British Columbia (106,000 meters) and increased the resource estimate by 45% to 5 billion pounds of copper.
The goal of the program was achieved when the results of drilling confirmed continuity of mineralization between the pits which allowed for the development concept of a new merged pit, known as the 'Super Pit'. This new Super Pit is still open to the north, southeast and northwest, as well at depth.