Business
Copper Mountain (ASX:C6C) share price rockets 8% on profit growth
The Copper Mountain Mining Corporation CDI (ASX: C6C) share price surged higher today after the company released its quarterly activities report outlining huge profit growth.
The Copper Mountain share price was up 8%, trading at $4.02 per share at the market close.
Copper Mountain’s revenue increases
The Copper Mountain share price has more than doubled in 2021 alone, and its business performance shows why investors have been jumping on the bandwagon.
Copper Mountain posted record quarterly production in the first quarter of the calendar year 2021 of 30.4 million pounds of copper equivalent (comprised of 25.5 million pounds of copper, 8,187 ounces of gold, and 160,484 ounces of silver).
It also recorded quarterly revenue for…
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