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a u g u s t / s e p t e m b e r 2 0 1 5 www.resourceworld.com 21 of which carry favorable repayment terms and allow for minimal dilution. 2014 marked the successful comple- tion of all the company's major capital projects required to meet and exceed mill design capacity. A $40 million secondary crushing facility was constructed on bud- get that has increased mill ore processing to an average 37,500 tonnes per day. The secondary crusher has made a significant improvement on the operational perfor- mance of the concentrator by delivering a consistent feed size of ore to the SAG mill. The result was a record production in 2014 of 81 million pounds of copper, 22,600 ounces of gold and 443,800 ounces of silver and record revenue of $265 mil- lion for the year. In Q1 of this year, the company was able to produce 18.4 mil- lion pounds of copper, 7,800 ounces of gold and 80,300 ounces of silver. Revenue for the quarter was $71.5 million with total operating costs of $1.77/lb (net). In Q2 2015, the mine produced 19.5 million pounds of copper, 7,800 ounces of gold and 71,100 ounces of silver. This brings the first half 2015 total production to 37.8 million pounds of copper, 15,600 ounces of gold and 151,400 ounces of silver. Going forward, the company's long term goal is to establish a reserve base sufficient to sustain milling operations for 25+ years from their existing 7,300-hectare land package. In addition, the company plans to explore and convert inferred resources, located at depth, to the measured and indi- cated categories. O'Rourke is quick to credit the team that helped bring the Copper Mountain Mine to prosperity. The team, he says, rep- resents many top mining people in British Columbia. "We needed experienced hands – people who know what to do, how to do it and are committed to getting it done." n The above article was written by Barry Muir who is a registered Investment Adviser with Haywood Securities Inc. a Canadian based independent, full service investment firm and member of the Canadian Investor Protection Fund. The article is for informational pur- poses only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. The information contained in the reports have been compiled from sources Haywood believes are reliable; however, Haywood makes no guar- antee, representation or warranty, expressed or implied, as to such information's accuracy or completeness. The views expressed are those of the author and not necessarily Haywood Securities Inc. All opinions and estimates con- tained in the reports are based on assumptions the author believes to be reasonable as of the dates of the reports but are subject to change without notice. Either the author, Haywood Securities Inc. or its employees may from time to time hold or transact in the securities men- tioned. Barry can be reached at (604) 697-6172 or bmuir@haywood.com.