The Daily IKN email digest, get all daily posts sent to you next day (& no ads)
Copper Mountain (CUM.to) 4q14 results: CUM shot its load, financials say we're faced with cold sticky CUM
Copper Mountain (CUM.to) reported its Q4 and year end numbers. Here's a chart:
In 4q14 it was revenues of $53.914m, costs of $52.468m for a gross profit of $1.446m. That's a mighty thin margin to support CUM's welter burden of non-site costs and as a result you see that net loss of $16.245m
And be clear, that 4q14 loss was after selling its copper at an average of $3.00/lb. We're now down to $2.60/lb at market. Ewwwwww....sticky.