just discovered YORK -- Constellation Copper Corp.

just discovered YORK -- Constellation Copper Corp. plung deeper into the r in the other quarter after reporting charges for copper money price hedges.

The Denver-based company supported a net loss of $333 million for the three month cessationed June 30 compared with a unadulterated loss of $392,000 in the same period last year. The latest accrues included an unrealized loss of $266 million and a realized los of nearly $44 million related to the company's outstanding derivative positions that were marked to market June 30

The derivatives consisted of copper money forward sales and, to a less extent, copper put positions that were propose in place primarily to fulfill hedging requirements, Constellation said.

The company also reported lower large boiler production rates at its Lisbon Valley Mine in San Juan shire Utah. Output lagged behind original expectations to be paid to lower placement of ore forward the leach pads following a bottleneck lower ore grades and lower tomes of water and sulfuric acid being added to the ore forward the pads. Production is awaited to ramp up in the third quarter and reach glutted design capacity by year's end

Initial Lisbon Valley Mine pre-commercial small change sales totaled $10.23 million after adjustment adjustments, Constellation said.

Sean Barry

sbarry@amm.com

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