The Investment Doctor
Long/short equity, value, debt, base metals

Copper Mountain Mining - A Lot Of Copper, But Can The Company Repay Its Debt?


It has been almost a year since I claimed Copper Mountain Mining (OTCPK:CPPMF) was a good company for copper bulls, as the company offered quite a nice leverage to the copper price due to its high cost profile. There was however an important caveat as quite a lot of debt will become due over the next few years, and in this article I will try to determine whether or not Copper Mountain will be able to service its debt.

(click to enlarge)

Source: company presentation

Even though there is some liquidity on Copper Mountain's US listing, I would recommend to trade in shares of the company through the facilities of the Toronto Stock Exchange where the...

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