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Copper Mountain Mining Corporation (T:CMMC)

Business Focus: Copper Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 1700 - 700 West Pender Street
Tel: 1-604-6822992
IR: See website
Key People
Gilmour Clausen
President, Chief Executive Officer, Director
Rodney A. Shier
Chief Financial Officer, Corporate Secretary
Donald Strickland
Chief Operating Officer
Patrick Redmond
Senior Vice President - Exploration
Brad Bolger
Vice President - Finance
Letitia Wong
Vice President - Corporate Development and Investor Relations
Richard Klue
Vice President - Technical Services
Lance C. Newman
Vice President - Project Development
Business Overview
Copper Mountain Mining Corporation is a copper-gold producing company. The Company is engaged in the business of mineral exploration, development and operation of mineral deposits. The Company, through its subsidiary, has interests in the Copper Mountain Mine. The Copper Mountain mine project is situated 20 kilometers south of Princeton, British Columbia, and 300 kilometers east of the port of Vancouver. The Copper Mountain mine project consists of approximately 140 Crown granted mineral claims, over 150 located mineral claims, over 10 mining leases and over 10 properties, covering an area of approximately 70 square kilometers. Its Copper Mountain mine project is a conventional open pit, truck and shovel operation. Its mining equipment fleet includes two Komatsu PC 8000 hydraulic shovels, a Hitachi EX 5500 hydraulic shovel, over 10 Komatsu 240 ton capacity haul trucks, seven Euclid 260 ton haul trucks, a Komatsu WA 1200 loader and four Komatsu D375 dozers.
Financial Overview
For the six months ended 30 June 2021, CopperMountain Mining Corporation. revenues increased fromC$140.7M to C$304.3M. Net income totaled C$62.8M vs. lossof C$9M. Revenues reflect Copper segment increase fromC$117.6M to C$272.5M, Copper - Price per Unit - Average -Tota increase of 49% to C$11168 per metric ton, Copper -Production - Total increase of 44% to 24K metric tons.
Employees: 507 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $1,072M as of Jun 30, 2021
Annual revenue (TTM): $505.37M as of Jun 30, 2021
EBITDA (TTM): $273.86M as of Jun 30, 2021
Net annual income (TTM): $107.14M as of Jun 30, 2021
Free cash flow (TTM): $195.21M as of Jun 30, 2021
Net Debt Last Fiscal Year: $248.00M as of Jun 30, 2021
Shares outstanding: 209,888,551 as of Jun 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization