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    CMMC   CA21750U1012

COPPER MOUNTAIN MINING CORPORATION

(CMMC)
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Canada's Copper Mountain Mining : Weaker U.S. Dollar Hurt Revenue -- Currency Comment

07/26/2021 | 01:57pm EDT

By Paulo Trevisani

A weakening U.S. dollar hurt Copper Mountain Mining Corporation's second-quarter results, the company said Monday.

The Vancouver, Canada-based mining company reported a non-cash unrealized foreign exchange loss of 417,000 Canadian dollars ($319,000), compared to a gain of C$14.5 million Canadian dollars in the second quarter of 2020, "primarily related to the company's debt that is denominated in U.S. dollars," Copper Mountain said in a statement.

The company reported C$142.1 million in second-quarter revenue, up from C$91.1 million a year earlier.

"The increase in revenue is primarily due to higher metal prices and metal sales which were somewhat offset by lower United States to Canadian dollar foreign exchange rates," the company said.

Copper Mountain also reported a C$1.4 million revenue loss due to foreign currency translation adjustment, compared to a C$4.2 million gain a year earlier.

The Canadian dollar traded at C$1.2516 per dollar on March 31 and strengthened to C$1.2287 per dollar on June 30, according to FactSet.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

07-26-21 1356ET

Stocks mentioned in the article
ChangeLast1st jan.
COPPER MOUNTAIN MINING CORPORATION -5.61% 3.03 Delayed Quote.77.35%
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Analyst Recommendations on COPPER MOUNTAIN MINING CORPORATION
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Financials
Sales 2021 565 M 443 M 443 M
Net income 2021 139 M 109 M 109 M
Net Debt 2021 137 M 107 M 107 M
P/E ratio 2021 5,58x
Yield 2021 -
Capitalization 674 M 528 M 529 M
EV / Sales 2021 1,43x
EV / Sales 2022 1,80x
Nbr of Employees 461
Free-Float 79,1%
Chart COPPER MOUNTAIN MINING CORPORATION
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Copper Mountain Mining Corporation Technical Analysis Chart | CMMC | CA21750U1012 | MarketScreener
Technical analysis trends COPPER MOUNTAIN MINING CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 3,21 CAD
Average target price 5,13 CAD
Spread / Average Target 59,9%
EPS Revisions
Managers and Directors
Gilmore Clausen President, Chief Executive Officer & Director
Rodney A. Shier Chief Financial Officer
Edward C. Dowling Chairman
Edward Richard Klue Vice President-Technical Services
Eric Dell Senior Vice President-Operations
Sector and Competitors