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Gold/Mining/Energy : Copper Mountain Mining Corporation (CUM.TO) -Toronto
CPPMF 0.500+2.0%Oct 7 4:00 PM EDT

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To: E_K_S who wrote (25)12/11/2013 12:36:38 PM
From: Sultan   of 53
 
Copper Mountain provides 2014 production guidance and operational update

VANCOUVER , Dec. 11, 2013 /CNW/ - Copper Mountain Mining Corporation ( CUM.TO) (the "Company" or "Copper Mountain") provides the following operation update and 2014 production guidance for its operations at the Copper Mountain mine located in southern British Columbia . The Company's goal for 2014 is to continue to optimize performance of the Copper Mountain Mine, to maximize our copper production while mining from both Pit 2 and Pit 3 areas during 2014. Mining at a rate of 175,000 tpd is planned to continue during 2014 with copper production forecast to be approximately 80 to 90 million pounds.

Mill throughput during the month of September was at an average of 31,693 tpd compared to 26,000 for the first half of 2013, an increase of 21.9%, however, during November the average throughput decreased to 26,123 tpd as a result of operating with one ball mill for part of the month. September and October copper production was 6.8 and 6.5 million pounds respectively, while November's production of copper was lower at 5.2 million pounds as a result of operating with only one ball mill for part of the month. Mill throughput was maintained in the 1,000 tpoh range during the period when only one ball mill was available. The target throughput is 32,000 tpd while utilizing portable crushers. The permanent secondary crusher is expected to be installed in the late summer of 2014 and this should enhance mill throughput.

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