Focused on Strategic

Growth

August 2014 Presentation

This presentation includes and is based on our

completed Feasibility Study, 2012 Forecasts and other
information that may contain forward-looking
information and statements that are subject to risks and
uncertainties. Therefore, all statements, other than
statements of historical fact, are to be considered
forward looking. Such forward-looking information and
statements are based on current expectations, forecasts,
estimates and projections about global and regional
economic conditions as well as industries that are major
markets for Copper Mountain Mining Corporation. There
can be no assurances that such statements will prove
accurate and, therefore, readers are cautioned that such
statements may differ materially from actual future
events. Readers are referred to the documents, filed by
the Company on Sedar at www.Sedar.com, and more
specifically such recent reports that identify important
risk factors that could cause actual results to differ from
those contained in the forward-looking statements.

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A Canadian Copper Producer

Exploration

2007-2008

Feasibility/Financing

2008-2009

Construction

2010-2011

Ramp up

2011-2012

Operation

2012-2013

Ongoing evaluations of acquisition and merger

opportunities that can add shareholder value

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Analyst Coverage
BMO Capital Markets
BOA- Merrill Lynch
Canaccord Genuity
CIBC World Markets
Cormark Securities
Desjardins
Dundee Securities
GMP Securities
Haywood Securities
Jennings Capital
Laurentian Bank
Mackie Research
National Bank Financial
Paradigm Capital
Raymond James
Scotia Capital
UBS Securities

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Shares Outstanding

119 M

Options Outstanding

6M

Fully Diluted Shares Outstanding

125 M

Market Capitalization (July 2014)

$360 M

Year Hi - Lo Trading Range

$1.36 $3.15

4 4

1.

2.

3.

4.

Production Maximization
Prudent utilization of capital to expand
production
Operational improvements underway to
enhance cash flow
Maximize NAV, earnings & cash flow on a per
share basis
Organic Growth
Expand Mill Capacity (+ 35,000tpd)
Significant exploration potential
Capitalize on Strengths
Development success
Operational & cost efficiencies
Financing capabilities
Project & Geographic Focus
Poly metallic & precious metals
The Americas

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Business Strategy
1. Strong operational
base

2. Organic &
sustainable growth

3. M&A/ JV
opportunities

Mine Life

17 years +

Mining method

Open Pit (truck & shovel )

Target operating throughput

35,000TPD

Mining rate (average)

175,000TPD

Strip ratio

2:1 (LOM)

Copper head grade 2014 guidance

0.375% range

Production 2014 guidance (Lbs Cu)

80 - 90 million

By-products

Au, Ag

Off-take agreement

100% to Mitsubishi with metal sales

based on LME pricing

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 2 x PC 8000 Hydraulic shovels

1 x EX 5500 Hydraulic shovel
15 x 830E 240 Ton Haul Trucks
6 x 260 Ton Haul trucks
1 x WA 1200 Loader
4 x D375 Dozers
3 x 16M Graders
2 x AC271 Drills
2 x AC351 Drills
OVER $100 Mil MOBILE EQUIPMENT

2 additional 830E 240 ton haul trucks June 2014

New mine dispatch system June 2014
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5 bay truck shop for planned

maintenance of mobile mine
equipment

60 x 89 Primary Gyratory Crusher

to reduce ore to 5.5 inch range

35,000 TPD concentrator with 61

MW sub-station connected to B.C.
Hydro power grid

Primary crusher capacity increased to 3,000tpoh June 2014

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34 ft diameter x 20 ft SAG Mill

17,000hp

Two 24 ft diameter by 40 ft Ball Mills

17,000hp each

10- 160 CM rougher flotation &

5 cleaner scavenger cells

Mill expert system for improved automation on grinding

and flotation June 2014
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 Strengthened management team at

the mine
Achieved record copper production
Attained significant operational
improvements :
o
o
o
o

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Mill throughput
Mill availability
Copper recovery
Copper production

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1. Complete the installation of secondary

crusher on time and on budget
2. Increase ore processing capacity to
average 35,000 tpd or greater in H2
3. Achieve copper production guidance of
80-90 million lbs
4. Install a mine dispatch system to improve
the efficient utilization of mine
equipment
5. Enhance the mill expert system to
maximize performance
6. Continue with exploration programs
focused on organic growth and new
discoveries

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Production Start up - July 2011

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*Partial/ half year of production

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During 2014 Q2

MINE
Q2 2014
Total tonnes mined (000's)
Ore tonnes mined (000's)
Waste tonnes (000's)
Stripping ratio

Q2 2014 - new mine site dispatch system

implemented to improve utilization of
mine equipment

16,086
4,616
11,470
2.48

Q2 2013
14,731
4,406
10,326
2.34

Mining activities continued to shift

more towards Pit 3
Q2 averaged approx. 174,000 tonnes
of material per day

Q2 2014 - two new 240 ton haul trucks were

added to the mining fleet

Significant improvement in tire life has

resulted in lower unit operating costs
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MILL
Q2 2014
Tonnes milled (000's)
Feed grade (Cu%)
Recovery (%)
Operating time (%)
Tonnes milled (tpd)

2,771
0.39%
83.9%
90.1%
30,477

Q2 2013
2,464
0.33%
87.2%
86.6%
27,302

2014 Q2 marked the 7th consecutive quarter of improved copper production

19.9 million lbs Cu, 5,000 oz Gold, 113,300 oz Silver
The average copper feed grade for 2014 Q2 was 0.39% Cu
Mill expert system fully operational during 2014 Q2
Secondary crusher construction completed on budget and on schedule Jul 2014
Discontinuation of contract crushing & portable crushing will reduce costs.

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CuMtn Mine (100% Basis)

Q2-14

2Q- 13

Total tonnes mined (000s)

16,086

14,731

Ore tonnes mined (000's)

4,616

4,406

Waste tonnes (000's)

11,470

10,326

Stripping ratio

2.48

2.34

Tonnes milled (000's)

2,771

2,464

Ore grade (Cu %)

0.39%

0.33%

84%

87%

Operating time (%)

90.1%

86.6%

Mill throughput (tpd)

30,477

27,302

Copper production (000's lbs)

19,900

15,700

Gold production (oz)

5,000

5,600

Silver production (oz)

113,300

71,000

Recovery (%)

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+40%

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New secondary crusher was

commissioned in the first week of August
2014, on budget and on schedule

New crusher facility

New drive & transfer

3,000 tpoh
minus 2 ore

Buffer stock pile

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Increased mill throughput

Increased throughput and increased
copper production

Consistency in operating performance

Better predictability of SAG mill
operating performance

Improved cash flow

Increased metal production generates
increased revenue

Lower unit copper cost

Increased copper production translates
to lower unit operating costs
The new secondary crusher processed its first ore on
August 3rd 2014.

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2014 Copper Production

80-90 million lbs

Mill throughput using portable crushers

32,000 tpd

Mill throughput after permanent crusher start up

35,000 tpd

Feed grade (Cu%)

0.375%

Q2 YTD production results

39 million lbs

Q2 YTD Feed grade (Cu%)

0.39%

Installation of secondary crusher is complete and commissioning is underway

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Q2-14

Q2-13

H2-14

H2-13

Cu sold (million lbs)

18.0

14.7

37.8

29.9

Sales revenue ($ million)

$68.0

$45.7

$129.2

$100.8

Gross Profit ($ million)

$10.4

($1.6)

$11.5

$6.4

Net Income ($ million)

$13.3

($12.1)

($2.3)

($14.4)

EBITDA 2

$25.3

($3.0)

$20.1

$4.5

Cash flow from operating activities before

changes in working capital items

$17.5

$5.9

$26.1

$18.5

$1.63

$1.81

$1.64

$1.72

Total cash cost / pound of Cu sold (US$) 3

$2.27

$2.32

$2.18

$2.25

Average realized Cu Price (US$)

$3.08

$3.18

$3.14

$3.37

Site cash cost / pound of Cu produced (US$)

2 Earnings before interest, taxes, depreciation and amortization

3 Net of precious metal credits (US)

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Exploration: Unfinished Business

Increase resource/reserve - longer mine life
and/or expansion
Required to determine ultimate pit limits

20

Alabama Trend

Copper Mountain Trend

27
21

Orinoco

Virginia

Alabama

Voigt

IP Chargeability Plan view slice

at 1000m
(approx. 100m
below surface )

Large resource provides

strong base for further
project optionality and
longevity

Oriole
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Near Term Goals:

Expand Pit 2 to northwest and to depth
Convert Inferred to M+I below Pit 2
Expand/upgrade existing resources on site

Longer Term Goals:

Establish a reserve base sufficient to sustain milling
for 25+ years
Explore and convert Inferred to M+I at depth in Pit 3

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24

Copper Mtn

IP Chargeability
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Location: 20km north of Princeton

Ownership: Option to earn 75%
interest .
Historical Resource: 71Mt @ 0.38% Cu
(0.25% c/o Inferred)
Target: Alkalic Cu-Au Porphyry
Deposit
Plan: Leverage off of Xstratas $500K
of exploration work in 2012, drill test
untested IP anomalies.

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1980 Noranda drill hole 30m ~1%Zn, 30g/t Ag

100m west of section

Location: 30km south of Houston, BC

Ownership: Option to earn 100%
interest subject to 1.5% NSR (with
buyout) over 5 years.
Target: Blackwater type Au-Ag
deposit (>2M oz Au open pit)
Plan: drill test IP/geochem targets

2013 3d-IP inversion

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Actively perusing acquisition opportunities

Politically stable jurisdictions
Capitalize on development skills

Seek accretive
opportunities

Disciplined
capital
management

Grow
organically

Improve
Operating
efficiencies

Expand resource
Identified drill targets

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Prudent capital use

Maximize return on equity

Mining productivity
Processing optimization
Responsible & safe mining
practices

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Production
increasing

Cash flow
positive

Cu production
2012 = 57 million lbs
2013 = 66 million lbs
2014e = 80 -90 mil lbs
+ gold & silver credits

Secondary crusher
installation
completed Aug 2014

Significant
exploration
upside

2012 exploration
program confirmed
mineralization extends
below current pit limits
Large copper resource
Axe & Fenton JV Opps

Attractive
valuation

High leverage to Cu
Minimal shares issued
& outstanding

Safe Mining
jurisdiction

Princeton, BC
Mining friendly
jurisdiction

Additional highlights :

Strategic partnership with Mitsubishi Materials Corporation (25% partner)

Attractive debt package / no hedging in place
Goal orientated management team to maximize production

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Focused on :
Safe & Favorable Working Environment
Increasing Copper Production
Continued Resource Growth

Contact Information: Suite 1700 700 West Pender Street

Vancouver, BC V6C 1G8 Ph (604) 682-2992
Fax (604) 682-2993 Email galina@cumtn.com

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