COPPER MOUNTAIN EXPANSION
We’re back at Copper for our 3rd large project! The Copper Mountain mine is a conventional open pit, truck and shovel operation. The mine has a 40 ktpd plant that utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits. A mill expansion to increase throughput to 45 ktpd with the installation of a third ball mill is currently underway and is expected to also improve recoveries resulting in increased production by 15 to 18%. A second mill expansion to 65ktpd is also planned, which is expected to further increase average annual production to 139 million pounds of copper equivalent and reduce C1 cash costs to US$1.19 per pound of copper (first ten years of a 21 year mine life). The 65 ktpd mill expansion, including the integration of New Ingerbelle, brings Copper Mountain Mine’s after-tax NPV at an 8% discount to US$1.0 billion.
Added Shareholders Announcement
The Gisborne Group, an internationally Safety Award winning Industrial Construction and Fire Protection Company, is excited to announce that Carey Smood (COO), Gavin Bruce (Corporate Fire Protection Manager) and Ryan MacDonald (Corporate Director of Finance) have joined Ron Spironello (President & CEO) and Les Maivs (CFO) as shareholders . All five shareholders are active in the day to day operation of the Company and are key to our ongoing success, continuous improvement and growth. The addition of Carey, Gavin and Ryan to our shareholder group ensures our long-term viability and strengthens the Company.
FULL ANNOUNCEMENT LINK