Excelsior Mining Corp T.MIN

Alternate Symbol(s): EXMGF

Metals & Mining Industrial Metals & Minerals

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.

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Excelsior Mining Corp

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Post by LittleChampionon Jul 17, 2019 9:50am

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Post# 29929014

More supply constraints at Oyu Tolgoi

Supply forecasts are going to be all wrong in my opinion. Will be a lot less copper to go around. This will widen the deficit. Oyu Tolgoi was a huge part of the new supply to come online in the model forecasts.
https://amp.ft.com/content/a69d8a48-a751-11e9-984c-fac8325aaa04

Rio Tinto has warned of further delays and a cost blowout of up to $1.9bn at its giant underground copper project in Mongolia’s Gobi desert.

The Anglo-Australian miner said difficult ground conditions meant that it would have to rethink the design and development schedule at Oyu Tolgoi.

As a result, first sustainable production is now expected between May 2022 and June 2023 — a delay of 16 to 30 months compared with original guidance — while the cost of the $5.3bn project will increase by $1.2bn-$1.9bn.

Bullboard Posts

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