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FireFly appoints highly experienced resources specialist as Non-Executive Director
Globenewswire· 2025-11-02 23:30
Core Insights - FireFly Metals Ltd has appointed Leanne Heywood as an Independent Non-Executive Director, bringing extensive experience in the mining sector, particularly in copper marketing [1][5][6] Company Overview - FireFly Metals Ltd is an emerging copper-gold company focused on advancing the Green Bay Copper-Gold Project in Newfoundland, Canada [6][7] - The Green Bay Copper-Gold Project currently hosts a Mineral Resource of 24.4 million tonnes (Mt) of Measured and Indicated Resources at a grade of 1.7% for 400,000 tonnes (Kt) of copper equivalent (CuEq) and 34.6 Mt of Inferred Resources at a grade of 1.7% for 600 Kt CuEq [6][19] Leadership and Experience - Leanne Heywood has held significant roles in the mining industry, including a senior international copper marketing position at Rio Tinto and Chief Financial Officer of a copper mine within Rio Tinto's portfolio [2][3] - Heywood's previous directorships include positions at Deterra Royalties Limited, Snowy Hydro Limited, and Lotus Resources Limited, among others [2][3] Strategic Importance - The appointment of Heywood is expected to enhance the independence and gender diversity of the Board, which is crucial following a period of rapid growth and the company's recent addition to the S&P/ASX 300 Index [5][6] - FireFly is currently undertaking a 130,000-meter diamond drilling program to further grow its copper-gold Mineral Resource [6][7]
Southern Copper Corporation 2025 Q3 - Results - Earnings Call Presentation (NYSE:SCCO) 2025-11-01
Seeking Alpha· 2025-11-01 23:14
Group 1 - The article does not provide any specific content related to a company or industry [1]
Gunnison Copper Announces Closing of Second and Final Tranche of Private Placement
Newsfile· 2025-10-31 21:00
Core Viewpoint - Gunnison Copper Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising gross proceeds of C$150,000.30 from the issuance of 333,334 Units to a single institutional investor [1]. Group 1: Private Placement Details - The Units were issued at a price of C$0.45 each, consisting of one common share and one-half of a common share purchase warrant [1]. - Each Warrant allows the holder to purchase one Common Share at a price of C$0.65 until October 31, 2028 [1]. - The total gross proceeds raised under the Offering amount to approximately C$13.3 million [1]. Group 2: Company Overview - Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer, controlling the Cochise Mining District in Southern Arizona [3]. - The flagship asset, the Gunnison Copper Project, has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31% [4]. - The preliminary economic assessment (PEA) for the Gunnison Copper Project indicates a net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 20.9% with a payback period of 4.1 years [4]. Group 3: Production Capacity and Assets - The Johnson Camp Asset, now in production, is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million lbs of finished copper cathode annually [6]. - Other significant deposits controlled by Gunnison in the district include Strong and Harris, South Star, and eight additional deposits, which have the potential to serve as economic satellite feeder deposits for the Gunnison Project infrastructure [6].
Gunnison Copper Announces Closing of Private Placement for Gross Proceeds of C$13.1 Million
Newsfile· 2025-10-30 21:30
Core Viewpoint - Gunnison Copper Corp. has successfully closed a non-brokered private placement financing, raising gross proceeds of C$13.1 million through the issuance of 29,138,378 Units, which will be utilized for various project-related activities and general working capital [1][3]. Financing Details - The financing consists of two components: a LIFE offering of 24,858,878 Units raising C$11,186,495.10 and a Hold offering of 4,279,500 Units raising C$1,925,775 [1][3]. - Each Unit is priced at C$0.45 and includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.65 for 36 months [2]. Use of Proceeds - Net proceeds from the Offering will be allocated to drilling, metallurgical testing, permitting activities for a pre-feasibility study, general administrative expenses, partial debt repayment to Nebari, and general working capital [3]. Offering Structure - The LIFE Offering Units were sold under the listed issuer financing exemption, allowing immediate tradeability under Canadian securities legislation [4]. - The Hold Offering Units are subject to a four-month hold period in Canada, expiring on March 1, 2026 [5]. Finder's Fees - Red Cloud Securities Inc. and other finders received a cash commission of 6% on the gross proceeds and were issued non-transferable finder warrants equal to 6% of the Units sold [6]. Company Overview - Gunnison Copper Corp. is a copper developer and producer controlling the Cochise Mining District in Southern Arizona, with its flagship Gunnison Copper Project having a Measured and Indicated Mineral Resource of over 831.6 million tons at a total copper grade of 0.31% [10][11]. - The project has a preliminary economic assessment indicating an NPV8% of $1.3 billion, an IRR of 20.9%, and a payback period of 4.1 years [11].
Capstone Copper Reports Third Quarter 2025 Results
Businesswire· 2025-10-30 20:16
VANCOUVER, British Columbia--(BUSINESS WIRE)--Capstone Copper Corp. ("Capstone†or the "Company†) (TSX: CS) (ASX: CSC) today reported financial results for the nine months and quarter ended September 30, 2025 ("Q3 2025†). Link HERE for Capstone's Q3 2025 webcast presentation. Unless otherwise stated, results are presented in United States dollars on a 100% basis. Cashel Meagher, President and CEO of Capstone, commented: "In the third quarter our portfolio of assets continued to deliver, marking. ...
Southern Copper: The Tia Maria Greenlight Changes Everything (Rating Upgrade)
Seeking Alpha· 2025-10-30 13:29
Core Insights - The analysis of Southern Copper Corporation (SCCO) indicates a cautious stance due to its high valuation, which appears to reflect an expectation of perfection in performance [1]. Company Overview - Southern Copper Corporation is recognized as an excellent company, but its share price was around $118 at the end of September, leading to concerns about its valuation [1]. Analyst Background - The analyst is an economist and independent investor based in Argentina, currently pursuing a Ph.D. in Economics, which provides a unique perspective on complex and dynamic markets [1]. - The investment philosophy focuses on identifying long-term opportunities in underfollowed or undervalued companies, as well as established leaders with emerging structural value [1].
Aldebaran PEA for the Altar Project Reports 48 Year Mine Life, After Tax NPV (8%) of US$2 Billion, and 20.5% IRR
Globenewswire· 2025-10-30 11:00
Core Viewpoint - Aldebaran Resources Inc. announced the results of a Preliminary Economic Assessment (PEA) for the Altar copper-gold project in Argentina, indicating strong potential for a long-life, high-quality copper operation with significant production and cash flow generation [1][6][8]. Economic Highlights - The PEA outlines a 48-year mine life with an average annual production of 101,413 tonnes of copper equivalent (CuEq) over the life of the mine (LOM) [7][10]. - The project has an after-tax Net Present Value (NPV) of $2.0 billion at an 8% discount rate, an Internal Rate of Return (IRR) of 20.5%, and a payback period of 4 years based on base-case metal prices [7][11]. - Total LOM gross revenue is projected at $44.7 billion, with free cash flow estimated at $10.7 billion [7][11]. Production and Cost Metrics - Initial capital expenditure (capex) is estimated at $1.59 billion, with a capital intensity of $15,713 per tonne of average annual CuEq produced [7][12]. - Cash costs (C1) are projected at $1.71/lb payable Cu for the first 20 years, increasing to $2.02/lb for the LOM [7][12]. - All-in Sustaining Costs (AISC) are estimated at $2.25/lb payable Cu for the first 20 years, rising to $2.59/lb for the LOM [7][12]. Mining and Processing Overview - The mining method combines open-pit and underground block caving, with a processing capacity of 60,000 tonnes per day [10][21]. - The project anticipates a recovery rate of 87.76% for copper, 57% for gold, and 50% for silver over the LOM [12][26]. Strategic Partnerships and Future Plans - Aldebaran is collaborating with Nuton, a Rio Tinto venture, to explore alternative processing technologies that could enhance economic viability and reduce environmental impact [8][38]. - The company plans to focus on a Pre-Feasibility Study (PFS) and resource updates in the next 12 to 18 months, aiming to unlock additional value from the Altar project [8][46]. Mineral Resource Estimate - The PEA is based on an updated mineral resource estimate, with approximately 80% of the resources categorized as Measured and Indicated [7][14]. Infrastructure and Environmental Considerations - The project includes comprehensive on-site infrastructure and plans for water management, with a focus on minimizing environmental impact [35][36]. Market Context - The political environment in Argentina is shifting towards pro-business policies, which may benefit the advancement of the Altar project amid rising global demand for copper [8].
Washington’s $200 Million Move to Rebuild America’s Rare Earth Supply Chain
Yahoo Finance· 2025-10-30 11:00
Core Insights - The U.S. is heavily reliant on imports for rare-earth magnets, primarily from China, which poses risks to supply security and industrial resilience [1][4][3] - China's dominance in the rare-earth industry allows it to control prices and influence various downstream industries, including electric vehicles and defense systems [4][2] - The U.S. is taking steps to rebuild its rare-earth supply chain, with initiatives like REAlloys' merger and the support from the U.S. Export-Import Bank [5][6][10] Industry Overview - The rare-earth sector is critical for technologies such as electric vehicles, wind turbines, and medical imaging, with demand projected to quadruple by 2040 [17][18] - China currently produces about 70% of mined rare-earth materials, refines nearly 90% of global output, and manufactures approximately 92% of the world's permanent magnets [4][3] - The U.S. Department of Defense has committed over $439 million to develop a domestic mine-to-magnet capability, indicating a strategic shift in policy [10][21] Company Developments - REAlloys is establishing a fully integrated supply chain from mining to magnet production, with significant projects in Saskatchewan and Ohio [7][9][8] - The company has secured a $200 million Letter of Interest from the U.S. Export-Import Bank, which supports its efforts to create a domestic supply chain [6][11] - A strategic partnership with Japan's JOGMEC aims to enhance technology transfer and co-investment in magnet production, highlighting international collaboration [12][14][16] Market Dynamics - The price volatility of rare-earth materials has been exacerbated by China's export controls, impacting global supply chains [19][20] - The U.S. is focused on creating a diversified supply chain that includes allied nations, moving away from dependence on Chinese processing [26][27] - Companies like MP Materials and Energy Fuels are also positioning themselves as key players in the critical minerals space, with significant investments and strategic partnerships [28][31][34]
Andina Copper Closes Private Placement
Thenewswire· 2025-10-30 11:00
Group 1 - Andina Copper Corporation issued 7,550,000 shares at $0.40 per share, raising gross proceeds of $3,020,000 through a private placement [1] - The company paid a total of $24,000 in finder's fees related to the offering [1] Group 2 - Andina Copper Corporation is focused on copper exploration in South America and is listed on the Canadian Stock Exchange, Frankfurt, and OTC exchanges [2] - The company holds two significant copper discoveries in the Andean porphyry belt located in Argentina and Colombia, along with an undrilled copper-gold target in Chile's Coastal Cordillera [3]
Meridian Mining Announces Cabacal's Preliminary Licence Approval by Mato Grosso's CONSEMA Council Meeting
Newsfile· 2025-10-30 10:30
Core Insights - Meridian Mining UK S has received unanimous approval for the Preliminary Licence (PL) of the Cabaçal Au-Cu-Ag project from CONSEMA, the Environmental Council for the State of Mato Grosso, following a positive technical opinion from SEMA based on the Environmental Impact Assessment [2][4][8] Licensing and Regulatory Progress - The formal issuance of the Preliminary Licence is underway, with SEMA responsible for publishing the approval in the State of Mato Grosso gazette [3] - The PL is the first of three permitting stages required for the Cabaçal project, with the next step being the Installation License, which will allow construction activities to commence [5] Project Economic Viability - The Cabaçal project has a base case after-tax NPV5 of USD 984 million and an IRR of 61.2%, based on a pre-production capital cost of USD 248 million, leading to capital repayment in 17 months [7] - The project has a low All-in-Sustaining-Cost of USD 742 per ounce of gold equivalent and a production profile of 141,000 ounces of gold equivalent over its life [7] Technical and Environmental Aspects - The technical aspects, environmental feasibility, and social acceptance of the Cabaçal project have been affirmed, contributing to the positive response from CONSEMA [4][8] - The Cabaçal Mineral Reserve estimate includes Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper, and 1.64g/t silver [10]