The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group

Mechanical completion of new secondary crusher achieved on time and on budget at Copper Mountain

Thursday, August 07, 2014

Mechanical completion of new secondary crusher achieved on time and on budget at Copper Mountain

05:00 EDT Thursday, August 07, 2014

Web Site: www.CuMtn.com
TSX: CUM

VANCOUVER, Aug. 7, 2014 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") announces that construction of the new permanent secondary crusher at the Copper Mountain mine located in southern British Columbia is now complete and the crusher is being commissioned (see photos next page - Link1, Link 2).  The project was completed on schedule and at the $40 million budget.  The secondary crusher was tested with ore at the beginning of this week and since then the commissioning of the crusher is progressing smoothly.

The tie in of the new secondary crusher into the existing one kilometer overland conveyor that transfers ore from the primary crusher to the new secondary crusher and mill feed stockpile was successfully completed without any operational interruptions to the SAG mill.  With the new secondary crusher in operation, 100% of the ore feed going into the SAG mill is minus 2 inches in size.  Operations are steadily improving as the live crushed ore stockpile transitions from minus 5.5 inches to the new reduced ore feed size of minus 2 inches. With the new secondary crusher now in operation, the Company intends to dismantle the temporary portable crushing units that were put in place over the past twelve months; this change will reduce operating costs at the site.

Mr. O'Rourke, President and CEO commented:  "We are extremely pleased with everyone's efforts that have allowed us to bring the addition of this new secondary crusher into operation within our timeframe and budget.  Our team has successfully met and overcome all the challenges to complete the project in the seven month construction schedule.  The benefits to the mine will be immediate.  By reducing the size of the SAG Mill feed down to minus 2 inches we are confident that the mine will achieve our production expectations."      

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 commenced production in the summer of 2011 and has continued to improve its operations since startup.  The 18,000 acre site has a large resource of copper that remains open laterally and at depth. The mine has significant exploration potential that will need to be explored over the next few years to fully appreciate the properties full development potential.  Additional information is available on the Company's web site at 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

PDF available at: http://stream1.newswire.ca/media/2014/08/07/20140807_C3698_PDF_EN_4706.pdf

PDF available at: http://stream1.newswire.ca/media/2014/08/07/20140807_C3698_PDF_EN_4707.pdf

For further information: Galina Meleger, Corporate Communications, 604-682-2992 ext.224, Email: Galina@CuMtn.com or Rod Shier, Chief Financial Officer, 604-682-2992 ext.222, Email: Rod@CuMtn.com; Website: www.CuMtn.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections