Copper Mountain Mining Corporation reported production results for the fourth quarter and full year of 2018. For the quarter, the company reported production was 20.63 million pounds of copper, 8,125 ounces of gold and 62,710 ounces of silver for a total of 24.5 million pounds of copper equivalent. Mill throughput averaged over 42,097 tonnes per day, with copper recovery of 81% and average feed grade of 0.30% copper. Open pit mining averaged 214 ktpd in the fourth quarter of 2018.

For the year, the company produced copper of 78.85 million lbs. Mill throughput of 40 ktpd. The Copper Mountain mine produced 78.85 million pounds of copper for the full year of 2018, achieving production guidance of 76 to 84 million pounds of copper. Copper equivalent production for 2018 was 92.4 million pounds, which includes 28,250 ounces of gold and 273,910 of silver. Mill throughput averaged approximately 40 ktpd for the year with copper recovery of 80% and average feed grade of 0.31% Cu. Open pit mining averaged 204 ktpd in 2018.

For the full year of 2019, the company expects to produce Copper Equivalent will be 86 to 95 Mlbs. Copper will be 72 to 80 Mlbs, Gold will be 29.5 to 32.5 koz and Silver will be 260 to 290 koz.

For the full year of 2020, the company expects to produce Copper Equivalent will be 103 to 113 Mlbs. Copper will be 86 to 95 Mlbs, Gold will be 31.5 to 35.0 koz and Silver will be 460 to 510 koz.

For the full year of 2021, the company expects to produce Copper Equivalent will be 95 to 105 Mlbs. Copper will be 81 to 89 Mlbs, Gold will be 29.5 to 32.5 koz and Silver will be 263 to 291 koz.