Highland Valley Copper posted sales of $274.3 million for 1993, down from $373.9 million reported for 1992. The decrease is mainly due to lower copper prices.
The open pit, near Logan Lake, B.C., produced 345.6 million payable pounds of copper contained in 393,003 tonnes of concentrate in 1993, compared with 377 million lb. and 422,340 tonnes of concentrate in 1992.
Highland Valley Copper is held 50% by Cominco (TSE), 33.6% by Rio Algom (TSE) and 13.9% by TSE-listed Teck (including 2.5% from Highmont Mining). Proven and probable reserves at year-end were estimated at 594.6 million tonnes averaging 0.425% copper and 0.0073% molybdenum. Exploration is planned for this year.
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