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.
Gisborne Receives Award
Gisborne was given the prestigious award by the Vancouver Regional Construction Association for having a Superior Safety Record for a Trade Contractor with 200,000 or more person hours. We were presented this award at the Awards of Excellence Gala held in October. We would like to thank the VRCA and all our team members at Gisborne for making our safety culture what it is today; a culture that results in recognition from our peers and workers that get home safe to their families. Thank you.
VISIT VRCA GOLD WINNERS