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BRIEF-Copper Mountain Mining Says Revenue For Q3 Was C$95.0 Mln

Published 2020-11-02, 01:31 a/m
© Reuters.
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CMMC
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Nov 2 (Reuters) - Copper Mountain Mining Corp CMMC.TO :

* REVENUE FOR Q3 2020 WAS $95.0 MILLION

* Q3 PRODUCTION OF 23.8 MILLION POUNDS OF COPPER EQUIVALENT

* AIC GUIDANCE FOR 2020 WAS REDUCED TO A RANGE OF US$1.85 TO US$2.00 PER POUND OF COPPER

* PRODUCTION GUIDANCE FOR 2020 MAINTAINED AT 70 TO 75 MILLION POUNDS OF COPPER WITH EXPECTATION TO ACHIEVE HIGHER END OF RANGE

* QTRLY NET INCOME $33.2 MILLION VERSUS NET LOSS OF $10.6 MILLION

* QTRLY EARNINGS PER SHARE WAS $0.13 PER SHARE, OR $0.08 ON AN ADJUSTED BASIS

* "EXPECT PRODUCTION TO CONTINUE TO INCREASE IN Q4 WITH HIGHER GRADES AND RECOVERIES, AT LOW COST"

* ALL FIGURES IN C$

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