Copper Mountain Mining (TSX:CUM, StockForum), a Vancouver-based mining firm engaged in the exploration, development and operation of Canadian mineral properties, announced a progress update today on the construction of a new permanent secondary crushers at its Copper Mountain mine located in southern British Columbia.
According to the news release, construction is on schedule with company reporting that the main components of the crusher, considered to be the biggest cone crusher installed in Western Canada, on route via rail to site from the port of Halifax.
Initial foundation work at the facility is on-going and on schedule with the temperate west coast winter reducing costs associated with the heating and hording of concrete.
The company estimates the cost of construction being carried out by contractor, Gisbourne, to reach an estimated $40.0 with construction expected to complete by mid-summer.
Copper Mountain Mining was in the news recently when the company announced 2013 year-end results.
Currently there are 116.3m outstanding shares with a market cap of $228.0 million.