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Excelsior Mining ( (TSE:GCU) ) has shared an update.
Gunnison Copper Corp. has fully repaid the US$7.3 million non-convertible portion of its debt with Nebari Natural Resources Credit Fund I LP, marking a significant step in its debt reduction strategy. This repayment enhances the company’s financial flexibility and strengthens its balance sheet, positioning it better within the industry and providing potential benefits to stakeholders.
More about Excelsior Mining
Gunnison Copper Corp. is a multi-asset copper developer and producer operating in the Southern Arizona Copper Belt. The company controls the Cochise Mining District, which includes 12 known deposits. Its flagship project, the Gunnison Copper Project, is being developed as a conventional operation with open pit mining and an SX/EW refinery to produce finished copper cathode. Additionally, the Johnson Camp Asset is in production, funded by Nuton LLC, a Rio Tinto Venture.
Average Trading Volume: 1,018,202
Technical Sentiment Signal: Buy
Current Market Cap: C$134.5M
For a thorough assessment of GCU stock, go to TipRanks’ Stock Analysis page.