Copper Mountain Mining Corporation

11:17 AM EST - Copper Mountain Mining Corporation : Announced first-quarter 2022 financial and operating results. Revenue for Q1 2022 was $93.9 million from the sale of 13.5 million pounds of copper, 5,076 ounces of gold, and 60,038 ounces of silver. Net loss for Q1 2022 was $4.2 million, or ($0.03) on a per-share basis. Production in Q1 2022 was 15.6 million pounds of copper equivalent (13.2 million pounds of copper, 5,135 ounces of gold, and 55,993 ounces of silver), 48% lower than Q1 2021, which was a record production quarter, primarily driven by lower mill head grade and lower throughput resulting from the damaged secondary crusher. Copper Mountain Mining Corporation shares T.CMMC are trading down $0.18 at $3.00.

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