Copper Mountain posts Q4 and FY loss
Vancouver-based Copper Mountain has reported a fourth-quarter and full-year net loss, despite a strong operational performance, which saw the miner increasing quarterly output by 9.7% and meeting its 2018 production guidance.
Fourth-quarter production increased to 24.5-million pounds of copper equivalent, comprising 20.6-million pounds of copper, 8 124 oz of gold and 62 711 oz of silver, at a lower C1 cash of $1.60/lb of copper produced.