Phoenix Copper strengthens board with appointment of veteran miner Jarvis

The latest update is out from Phoenix Copper ( (GB:PXC) ).

Phoenix Copper has appointed veteran mining engineer David Alan Jarvis as a non-executive director with immediate effect, strengthening its board as it advances its U.S.-focused base and precious metals portfolio. Jarvis brings 35 years of operational and leadership experience across major mining jurisdictions in the Americas and Asia, including senior roles at Eldorado Gold, Coeur Mining, Centerra Gold and Newmont.

Jarvis has been serving as general manager of Phoenix’s flagship Empire project in Mackay, Idaho since 2023, giving him detailed familiarity with the asset as the company targets funding, permitting and construction of the Empire Mine. Interim chair Catherine Evans said his mix of leadership and operational expertise will support the board’s ongoing refresh and underscores Phoenix’s focus on moving Empire from development towards production, a key step for shareholders and project stakeholders.

Spark’s Take on PXC Stock

According to Spark, TipRanks’ AI Analyst, PXC is a Neutral.

The score is primarily held down by very weak financial performance (no revenue, widening losses, and rising cash burn), which elevates funding and dilution risk. Technical indicators are mixed but lean soft with the price below key moving averages. Valuation provides limited support given negative earnings and no dividend.

To see Spark’s full report on PXC stock, click here.

More about Phoenix Copper

Phoenix Copper is an AIM-quoted, U.S.-focused emerging producer and exploration company specialising in base and precious metals, with an initial emphasis on copper, gold and silver from open-pit operations. Its flagship asset is the Empire Mine in Idaho’s historic Alder Creek district, where it holds an 80% stake alongside additional nearby mines, a new high-grade Red Star orebody, the Navarre Creek gold project and cobalt properties on the Idaho Cobalt Belt.

Since 2017, Phoenix has expanded the Empire Open-Pit resource by more than 200% and in May 2024 published its first mineral reserve statement for the project, outlining 10.1 million tonnes of Proven and Probable reserves containing significant copper, gold and silver. The company is listed on London’s AIM and trades on the New York OTCQX Market, positioning it to tap both UK and U.S. capital markets for the development of its Idaho-focused asset portfolio.

Average Trading Volume: 2,999,314

Technical Sentiment Signal: Sell

Current Market Cap: £3.02M

Learn more about PXC stock on TipRanks’ Stock Analysis page.