Copper Mountain Mining Corporation provided production guidance for the year 2022. For the year, the company announced that Copper production in 2022 is expected to be in the range of 80 million pounds to 90 million pounds, as the company focuses on advancing Phase 4 of the Copper Mountain Main Pit and North Pit development. The company expects production to be stronger in the second half of 2022 and into 2023 due to higher head grades, the commissioning of the mill improvement projects and the installation of the new main shaft for the secondary crusher scheduled for April 2022.

The secondary crusher issues will result in tonnage reductions through to mid-Q2 2022. The company expects 2023 production to increase to between 90 million and 105 million pounds of copper. Gold production is expected to be approximately 18,000 ounces to 25,000 ounces in 2022, and silver production is expected to be approximately 315,000 ounces to 335,000 ounces in 2022.