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Excelsior Mining ( (TSE:GCU) ) has issued an update.
Gunnison Copper Corp. announced the commencement of mineral processing at its Johnson Camp Mine in southeast Arizona, with first copper sales expected in September 2025. The construction activities at the site are progressing as planned, with key infrastructure nearing completion. The project is fully funded by Nuton LLC, a Rio Tinto Venture, and is expected to produce up to 25 million pounds of finished copper cathode annually. This development positions Gunnison Copper to capitalize on the growing demand for copper, which plays a crucial role in energy and defense sectors.
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 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 boasts a measured and indicated mineral resource of over 831 million tons and is supported by a preliminary economic assessment with robust financial metrics.
Average Trading Volume: 250,404
Technical Sentiment Signal: Buy
Current Market Cap: C$82.01M
For a thorough assessment of GCU stock, go to TipRanks’ Stock Analysis page.