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Copper Mountain Mining (T.CUM) finishes secondary crusher on time and on budget

Stockhouse Editorial
1 Comment| August 7, 2014


Copper Mountain Mining (TSX:CUM, Stock Forum) pushed operations forward at its Copper Mountain mine located in southern British Columbia when the company announced today that it had completed the construction of a permanent secondary crusher.

 

According to the news release, the crusher was completed on schedule and within the $40.0 million budget with the subsequent testing and commissioning moving forward smoothly.

 

The tie in of the unit to the current one kilometre overland conveyor that moves ore from the primary crusher to the new secondary crusher and mill feed stockpile was completed without without any operational interruptions to the SAG mill.

 

Now that the secondary crusher is in place and improving operations by reducing crushed ore from minus 5.5 inches to minus 2 inches, the company will dismantle the temporary portable crushing units that were installed over the last 12 months, reducing operating costs at the site.

 

Company President and CEO, James C. (Jim) O'Rourke, commented on the milestone, “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.”

 

He went on to conclude, “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.”

 

Copper Mountain Mining was in the news recently when the Vancouver-based company announced record Q2 copper production at the beginning of July.

 

Shares gained 4.53% on the news to $2.77 per share.

 

Currently there are 116.3m outstanding shares with a market cap of $322.2 million.


Tags: COPPER

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