Copper Mountain swings to Q3 headline profit as mine performs above plan

The TSX-listed stock of British Columbia-focused miner Copper Mountain Mining has jumped more than 12% on Monday trading, after the company reported a higher-than-expected headline profit, on account of the mine performing above plan. The Vancouver-headquartered miner that operates its flagship Copper Mountain mine, located near Princeton, swung back into the black during the three months ended September, reporting an adjusted profit of C$11-million, or C$0.08 a share, beating the average of eight analyst forecasts calling for a profit of only C$0.05 a share.