Gunnison Copper Corp V.GCU

Primary Symbol: T.GCU Alternate Symbol(s): GCUMF

Metals & Mining Industrial Metals & Minerals

Gunnison Copper Corp., formerly Excelsior Mining Corp., is a copper development company. The Company operates in Cochise County, Arizona, and is focused on delivering pure copper cathode into the United States domestic supply chain. The Company’s projects include Gunnison Copper Project, the Johnson Camp Mine, and a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits, in Cochise County, Arizona. The Strong and Harris copper-zinc-silver deposit is located just 1.3 miles (2.4 kilometers) north of Gunnison Copper’s Johnson Camp SX-EW facility. The Gunnison Project which incorporates a large open pit of predominantly copper oxide mineralization approximately two kilometers south of Johnson Camp Mine (JCM). The Project is a copper cathode and is designed to produce around 167 million pounds of copper cathode annually.

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Gunnison Copper Corp > another new buyout article

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Comment by Schillon Mar 06, 2015 4:34pm

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Post# 23499098

RE:RE:another new buyout article

GCU or Quinton did not mention Newmont. Only the article is suggesting that.
But that's no big surprise anyway. it's clear, that with a starving pipelines of new multi-million ounces gold projects, many millions of written off projects that have become unprofitable at current prices, that companies sooner or later will have to look for aquisitions of projects that can be run in the current environment.
There have not been discovered many gold deposits in the last years and the 90 million ounces that are depleted every year need to be replaced, if the amount of produced Gold should not dry up.

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