Copper Mountain swings to headline loss as Q1 copper prices, sales drop

May 2, 2016

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Despite Copper Mountain reporting mine throughput at rates above guidance, it had swung to a first-quarter loss of C$34-million, or C$0.07 a share, as lower copper prices and fewer sales in the period impacted the bottom line.
The Vancouver-based company’s financial performance during the three months ended March 31 were C$0.04 a share below Bay Street-analyst expectations of losing C$0.03 a share, on revenue of C$62.84-million.

Category: General