Brief: Copper Mountain Mining Says Q1 2022 Net Loss Per Share C$0.03
27/04/2022 04:10
April 26 (Reuters) - Copper Mountain Mining Corp CMMC.TO :
* COPPER MOUNTAIN MINING ANNOUNCES Q1 2022 FINANCIAL RESULTS
* EXPECT Q2 TO IMPROVE FROM Q1 AND SECOND HALF TO BE
CONSIDERABLY
STRONGER THAN FIRST HALF OF YEAR
* COPPER MOUNTAIN MINING- INCREASING ALL-IN COST GUIDANCE
FOR 2022
TO US$2.25 TO US$2.75 PER POUND OF COPPER TO REFLECT Q1 2022
RESULTS
* PRODUCTION IN Q1 2022 WAS 15.6 MILLION POUNDS OF COPPER
EQUIVALENT, 48% LOWER THAN Q1 2021
* COPPER MOUNTAIN MINING- REVENUE FOR Q1 2022 WAS C$93.9
MILLION
VERSUS C$162.2 MILLION
* FOR 2022 COMPANY EXPECTS TO ACHIEVE LOWER END OF ITS
ANNUAL
GUIDANCE RANGE OF 80 TO 90 MILLION POUNDS OF COPPER
* Q2 EARNINGS PER SHARE VIEW C$0.09, REVENUE VIEW C$110.4
MILLION
-- REFINITIV IBES DATA
* PRODUCED 13.2 MILLION POUNDS OF COPPER IN Q1 2022
* NET LOSS FOR Q1 2022 C$0.03 ON A PER-SHARE BASIS
((Reuters.Briefs@thomsonreuters.com;))
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