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Royalty North ( (TSE:HCU) ) has provided an announcement.
Horizon Copper Corp., a company with a 30% non-operating interest in the Hod Maden copper-gold development project in Türkiye, is advancing its investment in the project alongside its interests in the Hugo North Extension and Heruga deposit of the Oyu Tolgoi copper mine through its equity ownership in Entrée Resources Ltd. The company announced that SSR Mining Inc., the operator of Hod Maden, plans a capital expenditure of $60–$100 million in 2025 for early-works construction, focusing on critical path items and exploration. This investment is expected to move the project closer to a formal investment decision and first production by 2028. Additionally, Entrée Resources released promising new assay results from drilling at the Hugo North Extension and Heruga deposit, indicating significant copper and gold mineralization.
More about Royalty North
YTD Price Performance: 9.80%
Average Trading Volume: 17,415
Technical Sentiment Signal: Sell
Current Market Cap: C$72.51M
For a thorough assessment of HCU stock, go to TipRanks’ Stock Analysis page.