09:51 AM EST - Copper Mountain Mining Corporation : Announced positive results from its 2020 Feasibility Study Update on its 100% owned Eva Copper Project, which is located in Queensland, Australia. The 2020 FS demonstrates significantly improved economics and operating metrics, including a higher after-tax NPV, increased production, lower cash costs and a longer mine life, when compared to the prior 2018 Feasibility Study. All dollars are in U.S. dollars unless otherwise indicated. After-tax Net Present Value (NPV) at an 8% discount rate of $437 million. After-tax Internal Rate of Return (IRR) of 29%. Total initial development capital $382 million. Copper Mountain Mining Corporation
shares T.CMMC are trading up $0.01 at $0.48.
