idle and fond bondage

Another sticky CUM quarter, CUM volume drooping badly, CUM production mechanism blockages

Copper Mountain (CUM.to) released its 1q15 production numbers this morning:

Ugh, sticky. That’s the worst single quarter since 2013. Full NR here and when you’re reading its contents…

“…mill started the year on a positive note with an average throughput of 36,000 tpd in the first half of January, but later in the quarter the mill was forced to operate at reduced throughput rates as a result of another ABB transformer failure in February on one of the ball mills and a ten day disruption with the regrind mill…”

…remember the basic rule: Company NRs contain the best-spun information possible, so if there’s something in there that’s in any way negative, things must have been very bad indeed.

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