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Nevada Copper Corp T.NCU

Alternate Symbol(s):  T.NCU.WT.C | NEVDQ

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.


TSX:NCU - Post by User

Post by bogfiton Nov 25, 2020 7:37am
714 Views
Post# 31967972

Peru - 16.5% decline Cu production Jan.-Aug.

Peru - 16.5% decline Cu production Jan.-Aug.

"World mine production fell about 4% in April and May due to COVID-19 restrictions that resulted in temporary mine shutdowns and reduced production levels, wrote the International Copper Study Group in a study released on Monday."

However, production started to recover by the end of May. The overall impact on the first eight months of the years saw production down 0.8%.

Peru's production was one of the hardest hit, with a 16.5% decline in mine output over the first eight months of 2020. During the worst of COVID-19, production dropped 38% in April-May compared to the same period of 2019.

Chile actually upped production slightly in the first eight months of the year due to clearing operational constraints from the year prior.

There were some regions where production was up sharply.

"Production in the Democratic Republic of Congo (DRC) and Panama increased significantly mainly due to the ramp-up of new
mines or expansions. In Indonesia, production grew by 23% as output levels improved following the transition of the country's
major two copper mines to different ore zones in 2019," wrote ICSG."

https://www.kitco.com/news/2020-11-25/Worldwide-copper-production-dropped-0-8-in-first-eight-months-of-2020.html

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