VANCOUVER, Sept. 23, 2019 /PRNewswire/ - Copper
Mountain Mining Corporation (TSX: CMMC | ASX:C6C) (the
"Company" or "Copper Mountain") announces today that after many
years of leadership at the Company, Mr. James O'Rourke resigns as Chair of the Board and
as a Director with immediate effect. Mr. O'Rourke
is a 2005 recipient of the Edgar A. Scholz Medal for Excellence in
Mine Development in British
Columbia and the Yukon and
the 2010 recipient of the Mining Person of the Year award for
British Columbia. In addition, he
received the Order of British
Columbia in 2011 and was inducted into the Canadian Mining
Hall of Fame in 2013.
"We would like to thank Jim for his many years of
leading the Company" commented Mr. Gil Clausen, President and CEO of Copper
Mountain. "More so, as founder of the Company, we would like
to recognize Jim for his dedication, leadership and significant
personal commitments to our employees, communities and stakeholders
over the years. He has built this Company from an exploration and
development stage asset in British
Columbia, to a solid copper producer with significant growth
potential on two continents. He is recognized as a great
contributor to our industry and to the Province of British Columbia."
Mr. Bruce Aunger, the Lead
Director of Copper Mountain, succeeds Mr. O'Rourke as Chair of the
Board with immediate effect. Mr. Aunger has been a Director of
Copper Mountain since 2011 and Lead Independent Director since
2015. Mr. Aunger was previously a Partner and CFO of Madison
Venture Corporation, a private corporation with extensive operating
interests in a number of industries throughout Canada. Prior to that, Mr. Aunger was a tax
Partner at Arthur Andersen & Co. Mr. Aunger currently serves on
several other Boards. Mr. Aunger is a CPA, CA and graduated from
Simon Fraser University with a Bachelor
of Arts degree in Commerce.
About Copper Mountain Mining Corporation
Copper
Mountain's flagship asset is the 75% owned Copper Mountain mine
located in southern British
Columbia near the town of Princeton. The Copper Mountain mine currently
produces approximately 90 million pounds of copper equivalent, with
average annual production expected to increase to over 110 million
pounds of copper equivalent. Copper Mountain also has the
permitted, development-stage Eva Copper Project in Queensland, Australia and an extensive 4,000
km2 highly prospective land package in the Mount Isa
area. Copper Mountain trades on the Toronto Stock Exchange under
the symbol "CMMC" and Australian Stock Exchange under the symbol
"C6C".
Additional information is available on the Company's web page at
www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
"Gil
Clausen"
Gil
Clausen, P.Eng.
President and Chief Executive Officer
Cautionary Note Regarding Forward-Looking
Statements
This news release may contain forward-looking
statements and forward-looking information (together,
"forward-looking statements") within the meaning of applicable
securities laws. All statements, other than statements of
historical facts, are forward-looking statements. Generally,
forward-looking statements can be identified by the use of
terminology such as "plans", "expects", "estimates", "intends",
"anticipates", "believes" or variations of such words, or
statements that certain actions, events or results "may", "could",
"would", "might", "occur" or "be achieved". Forward-looking
statements involve risks, uncertainties and other factors that
could cause actual results, performance and opportunities to differ
materially from those implied by such forward-looking
statements. Factors that could cause actual results to differ
materially from these forward-looking statements include the
successful exploration of the Company's properties in Canada and Australia, the reliability of the historical
data referenced in this press release and risks set out in Copper
Mountain's public documents, including in each management
discussion and analysis, filed on SEDAR at www.sedar.com.
Although Copper Mountain believes that the information and
assumptions used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed time frames or at all. Except where required by
applicable law, Copper Mountain disclaims any intention or
obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or
otherwise.
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SOURCE Copper Mountain Mining Corporation