Topic: How To Invest

Q: Pat, any thoughts on Copper Mountain Mining? The stock caught my attention with its operating mine in B.C. The company also has significant exploration taking place in Australia. Political risk also seems very low compared to so many other mining companies operating in Africa or South America. Thanks.

Article Excerpt

A: Copper Mountain Mining, $4.09, symbol CMMC on Toronto (Shares outstanding: 209.6 million; Market cap: $851.1 million; www.cumtn.com), has a 75% stake in the Copper Mountain mine in British Columbia. (Japan’s Mitsubishi Materials holds the remaining 25% interest.) The miner also owns the development-stage Eva copper project in Queensland, Australia. The flagship Copper Mountain property is located near the town of Princeton, in B.C.’s south. The mine produces over 100 million pounds of copper equivalent per year. It’s a large resource that remains open to further exploration and reserve expansion. The development-stage Eva Copper Project in Queensland, Australia, is expected to add around100 million pounds of copper output on an annual basis. The company also has 210,000 hectares of highly prospective lands. In the quarter ended March 31, 2021, Copper Mountain’s revenue jumped 227.3%, to $162.2 million from $49.6 million. Production was a record 30.4 million pounds of copper equivalent (comprised of 25.5 million pounds of copper, 8,187 ounces of gold, and 160,484 ounces of…