Copper Mountain Hits Record Q3 Production, Analyst Says to Take Note

The good news keeps rolling in for Copper Mountain Mining, which on Wednesday released record third-quarter production results and received a positive review from Haywood Securities. The company said it boosted production at its Copper Mountain project by 21.7 million pounds of copper concentrate, equivalent to a 9-percent increase, from the second quarter of 2014.

Stefan Ioannou of Haywood Securities wrote in a note to clients that while the Copper Mountain project is relatively low grade, he believes stronger forecasted copper prices could help boost the company’s share price.

While copper prices are on a downtrend this year, Copper Mountain has plans in place to help with the purchase of its material.