Newest US Copper Project in a Decade Starts Production
The company said the project has a strong and growing production profile of 65 million pounds of annual copper equivalent production with further expansion potential. The current mine life is 13.5 years of reserves, with a further 636 million lb of inferred resources.
“This is a transformational moment for Nevada Copper, and I want to thank our team, construction and finance partners for their dedication throughout this process,” Matt Gili, CEO of Nevada Copper, said. “Considering the construction decision was made only 16 months ago, it is a remarkable achievement to have reached this point on schedule and it speaks to the commitment of our team and the support of our shareholders and stakeholder.”
Gili explained that this is the first key milestone for the company and that Pumpkin Hollow has multiple avenues for growth, including an advanced-stage, large-scale open-pit project and significant regional exploration targets 2020.