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Excelsior Mining Corp T.MIN

Alternate Symbol(s):  EXMGF

Excelsior Mining Corp. is a Canada-based mineral exploration and production company. The Company owns and operates the Gunnison Copper Project in Cochise County, Arizona. The Gunnison Copper Project is an in-situ recovery copper extraction project that is permitted to produce approximately 125 million pounds per year of copper cathode production. The Company also owns the past producing Johnson Camp Mine and a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits. Its 100% owned Johnson Camp Mine is located over one mile from the wellfield. The Strong and Harris copper-zinc-silver deposit is located about 1.3 miles north of its Johnson Camp SX-EW facility. The Company is also evaluating the oxide and sulfide potential of all of its mining assets.


TSX:MIN - Post by User

Bullboard Posts
Comment by CopperWaveon Mar 11, 2020 12:22pm
167 Views
Post# 30793701

RE:RE:RE:RE:RE:Excelsior Mining Completes Copper Cathode Offtake Agreement

RE:RE:RE:RE:RE:Excelsior Mining Completes Copper Cathode Offtake AgreementSure an offtake agreement is great, but this is an incomplete news release. If they secured pricing well below market then it is bad news. I'm assuming they didn't release the details as Trading company is most likely negotiating prices with other miners as well and does not want to show their hand. Regardless, MIN should have waited a week (so that it doesn't impose on the Trading company) and release the full details of the transaction. This just creates speculation, and I'm sure I'm not the only one who was skeptical. If it was good news the market would react as such.
Bullboard Posts