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Excelsior Mining ( (TSE:GCU) ) just unveiled an announcement.
Gunnison Copper Corp. has announced the start-up of its solvent extraction and electrowinning circuit at the Johnson Camp Mine in Arizona, with first copper sales expected in September. This development marks a significant milestone for the company, as the SX-EW plant’s early start positions Gunnison to achieve its targeted copper cathode sales. The construction activities at the site, funded by Nuton LLC, a Rio Tinto venture, are progressing as planned, with the final phase of leach pad construction on schedule. The new LNG system at the electrowinning plant is fully operational, aligning with the start-up of copper production.
More about Excelsior Mining
Gunnison Copper Corp. is a multi-asset copper developer and producer based in the Southern Arizona Copper Belt. The company controls the Cochise Mining District, which contains 12 known deposits within an 8 km economic radius. Its flagship asset, the Gunnison Copper Project, is being developed as a conventional operation with open pit mining, heap leach, and SX/EW refinery to produce finished copper cathode on-site. The project has a preliminary economic assessment with robust economics, including an NPV of $1.3 billion and an IRR of 20.9%.
Average Trading Volume: 493,306
Technical Sentiment Signal: Hold
Current Market Cap: C$88.56M
See more data about GCU stock on TipRanks’ Stock Analysis page.