Last year, the miner put out 64.1 million pounds of copper equivalent, including 52.9 million pounds of copper, and it expects to see production of 88 million to 98 million pounds of copper in 2023. The company holds 75 percent ownership of the mine, and the other 25 percent is owned by Mitsubishi Materials (TSE: 5711).Īt the end of March, Copper Mountain released its 2022 results and 2023 guidance. Year-to-date gain: 56.14 percent market cap: C$553.72 million current share price: C$2.67Ĭopper Mountain Mining is a copper miner that operates the Copper Mountain copper-gold porphyry mine in BC, Canada. This could fundamentally change the performance of the wellfield, according to the company. According to the company, two developments will need to take place over the same time period in order to restart heap leaching at the mine: “pre-stripping and mine development, and the construction of a new heap leach pad, Pad 5.”Įxcelsior put out news related to its Gunnison project on April 24, sharing that it had received a permit amendment that will allow well stimulation at the project. On February 22, Excelsior released a preliminary economic assessment ( PEA) for Johnson Camp that incorporates sulfide leaching technology. The companies' relationship will involve testing Nuton’s advanced copper heap leaching technologies at Johnson Camp with the possibility of a full deployment. In the same state, the company also has the past-producing Johnson Camp mine heap leach project, which it is currently working to bring back into production, as well as the Peabody Sill and Strong and Harris deposits.Įxcelsior’s mid-January news of its collaboration with Rio Tinto (ASX: RIO,NYSE:RIO,LSE:RIO) venture Nuton sent the company’s share price upwards, and it maintained that momentum through February 8, when it reached a year-to-date high of C$0.31. Year-to-date gain: 75 percent market cap: C$75.58 million current share price: C$0.28Įxcelsior Mining is a copper producer and explorer operating the Gunnison copper mine in Arizona. The copper company’s most recent news came when it released its 2022 financial results on March 15, but its share price has climbed throughout April to reach a year-to-date high of C$1.13 on April 19. In mid-March, the company shared drill results that President and CEO Paul Harbidge called “one of the most exciting results from (Faraday’s) Phase II drill program.” One drill core showed 0.69 percent copper over 100.12 meters, 85 meters of which are outside the current constraints of the mineral resource estimate, showing the potential to increase the resource. On March 9, Faraday announced that its subsidiary Redhawk Copper and Proteus Power Development had entered into a letter of intent to evaluate a solar power facility and battery energy storage system to be located on the newly acquired lands. The land will continue to be operated by the Mercers for now, and the company listed several strategic benefits from the acquisition, such as the land serving as a potential location for mining infrastructure and a solar power facility. Faraday began a Phase 2 drill program at Copper Creek in October 2022 it is still ongoing, and the company is steadily releasing results this year.Īfter jumping to start the year, Faraday’s share price saw another spike at the end of February after the company paid US$10 million for the Mercer Ranch land package, which consists of 6,000 acres contiguous and nearby Copper Creek. The company is currently advancing its Copper Creek project in Arizona, and it also owns the Contact copper project in Nevada. Year-to-date gain: 94.64 percent market cap: C$191.02 million current share price: C$1.09įaraday Copper is working to become a green copper producer in the US. Copper Prices Could See "Astronomical Rise" as Supply Concerns Increase.
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