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BRIEF-Copper Mountain Mining Revises Mine Plan And Project Schedule To Lower Cost And Risk

Published 2020-03-10, 08:53 a/m
© Reuters.  BRIEF-Copper Mountain Mining Revises Mine Plan And Project Schedule To Lower Cost And Risk
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March 10 (Reuters) - Copper Mountain Mining Corp CMMC.TO :

* COPPER MOUNTAIN MINING REACTS TO COVID-19 RELATED MARKET UNCERTAINTY, REVISES MINE PLAN AND PROJECT SCHEDULE TO LOWER COST AND RISK

* COPPER MOUNTAIN MINING - REDUCING OPERATING COSTS BY RE-SEQUENCING SHORT TERM PRODUCTION TO LOWER COST MINE PHASES

* COPPER MOUNTAIN MINING CORP - CHANGES INCLUDE DEFERRAL OF BALL MILL #3 INSTALLATION CAPITAL EXPENDITURES, SAVING US$22 MILLION IN 2020

* COPPER MOUNTAIN MINING CORP - PRESERVING HIGH GRADE ORE IN PIT #3 SCHEDULED FOR MINING IN 2020 TO NOW BE MINED IN 2021

* COPPER MOUNTAIN MINING CORP - COMPANY HAS REVISED ITS 2020 PRODUCTION AND COST GUIDANCE

* COPPER MOUNTAIN MINING CORP - MODIFIED COPPER MOUNTAIN MINE PLAN FOR CURRENT LOW COPPER PRICE ENVIRONMENT

* COPPER MOUNTAIN MINING CORP - COPPER MOUNTAIN IS CUTTING MINING RATE BY APPROXIMATELY 25% TO 120,000 TO 160,000 TONNES PER DAY FOR REMAINDER OF 2020

* COPPER MOUNTAIN MINING CORP SEES 2020 COPPER PRODUCTION 70 LBS TO 75M LBS

* COPPER MOUNTAIN MINING CORP SEES 2020 ALL-IN SUSTAINING COSTS $1.55/LB TO $1.70/LB

* COPPER MOUNTAIN MINING CORP SEES 2020 ALL-IN COSTS $2.20/LB TO $2.35/LB

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