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The share price of Vancouver-based miner Copper Mountain fell to a 52-week low on Wednesday, after the company posted a third-quarter adjusted loss of C$8.31-million, after a shipping delay and lower prices hit revenue.
The company explained that its revenue fell from C$77.15-million in the September 2017 quarter to C$60.72-million in the three months under review, after a shipping delay at the Port of Vancouver resulted in 1.1-million pounds of copper, 440 oz of gold an 4 000 oz of silver not being recorded in the quarter.
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