Copper Mountain Mining Corporation Report on Voting Results for the 2017 Annual General Meeting of Shareholders and Update on Operations

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Copper Mountain Mining Corporation Report on Voting Results for the 2017 Annual General Meeting of Shareholders and Update on Operations

PR Newswire

VANCOUVER, June 19, 2017 /PRNewswire/ - As required by the Toronto Stock Exchange, the following sets forth the voting at the Annual General Meeting of the Shareholders of  Copper Mountain Mining Corporation (TSX: CMMC) (the "Company" or "Copper Mountain") held on June 14, 2017 in Vancouver, British Columbia on the election of directors.  A total of approximately 34,800,911 common shares (26.15% of the outstanding common shares) were represented in person or by proxy at the meeting.

The following seven nominees were elected as Directors of the Company to serve until the next annual meeting of the shareholders of the Company, or until the successors are elected or appointed, by the following votes:

Name of Nominee

Votes For

Percent

Votes Withheld

Percent

James O'Rourke

32,178,166

99.74

82,670

0.26

Rodney Shier

26,211,203

81.25

6,049,633

18.75

John Tapics

32,043,566

99.33

217,270

0.67

Marin Katusa

31,632,116

98.05

628,720

1.95

Carl Renzoni

32,057,066

99.37

203,770

0.63

Al Cloke

31,562,466

97.84

698,370

2.16

Bruce Aunger

31,628,935

98.04

631,901

1.96

 

PricewaterhouseCoopers LLP were re-appointed auditors of the Company with a 98.03 % vote of approval.  The Advisory Vote on Executive Compensation was also passed with a 68.50% vote of approval.

During the Annual General Meeting, Mr. O'Rourke presented the Company's updated presentation and fielded questions.  Mr. O'Rourke noted that the mill had successfully completed the planned major maintenance job in late April ahead of schedule and that the mill averaged 43,500 tpd throughput during the month of May.  May production was reported as 7.2 million pounds of copper, 2,600 ounces of gold and 25,000 ounces of silver.  Mr. O'Rourke indicated that mining activities also continued to operate well above plan and averaged 197,500 tpd moved during the month of May.

Mr. O'Rourke also provided an update on exploration activities that were announced in early May and are now well underway with two diamond drill rigs drilling at the mine.  Mr. O'Rourke noted that the exploration program has a three-pronged approach: 1. Drilling in the Eastern end of Pit 2 to test the deeper mineralization, 2. Drilling the Western end of Pit 2 expanding the ultimate pit westward, and 3. Infill drilling of the saddle area South West of Pit 2. Mr. O'Rourke commented: "the mine provides a solid base for future growth for all stakeholders and exploration at the site has historically been very successful.  With the strengthening copper price, the Company is very comfortable reinvesting in our large land package for future growth". 

About Copper Mountain Mining Corporation:
Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Company has a strategic alliance with Mitsubishi Materials Corporation who owns 25% of the mine. The Copper Mountain mine has a large resource of copper that remains open laterally and at depth. This significant exploration potential will be explored over the next few years to fully appreciate the property's full development potential. Additional information is available on the Company's web page at www.CuMtn.com.

On behalf of the Board of

COPPER MOUNTAIN MINING CORPORATION

"Rod Shier"

Rod Shier, CPA,CA
Chief Financial Officer

Website: www.CuMtn.com Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statement.

SOURCE Copper Mountain Mining Corporation

Copyright CNW Group 2017

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).