Copper Mountain Mining Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 77.82 million compared to CAD 59.07 million a year ago. Net loss was CAD 91.26 million compared to CAD 3.45 million a year ago. Basic loss per share from continuing operations was CAD 0.45. Diluted loss per share from continuing operations was CAD 0.45. Basic loss per share was CAD 0.42 compared to CAD 0.02 a year ago. Diluted loss per share was CAD 0.42 compared to CAD 0.02 a year ago.
For the six months, sales was CAD 178.32 million compared to CAD 152.93 million a year ago. Net loss was CAD 103.67 million compared to CAD 9.75 million a year ago. Basic loss per share from continuing operations was CAD 0.5 compared to CAD 0.04 a year ago. Diluted loss per share from continuing operations was CAD 0.5 compared to CAD 0.04 a year ago. Basic loss per share was CAD 0.48 compared to CAD 0.05 a year ago. Diluted loss per share was CAD 0.48 compared to CAD 0.05 a year ago.