Campbell Resources is a mining company that concentrates on the development and exploitation of mining properties in the Chibougamau region of Quebec. The geographical grouping of its operations allows the Company to realize economies of scale and to focus development within access to existing infrastructures. Campbell's main operations include the Copper Rand and Merrill mines, the Corner Bay project and the Copper Rand mill. The Company's headquarters are located in Montreal, Quebec.
During the first quarter, Campbell continued to make significant progress towards its goals of increasing production and improving its financial performance. Our copper production has grown dramatically and our loss from operations has been cut by 46%. Copper Rand is now producing ore from three sources and we recently confirmed the expansion of a mineralized zone that runs parallel to the main ore body now developed to the 4,850 foot level. The development at Corner Bay is also proceeding very well and, in March, we began to ship higher-grade ore from this mine to the Copper Rand mill. We expect to be able to steadily ramp up production at Corner Bay over the coming months and to reach a level of commercial production in the third quarter. These operating and development initiatives put us on track to reach our objectives for 2008, which include doubling Campbell’s ore production over 2007 totals, improving the efficiency at the Copper Rand mill, reducing our costs per pound of copper, and significantly increasing our revenues.
André Fortier
President and CEO
