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 ArizonaBillyon Feb 21, 2020 11:26am

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Post# 30717878

From The Northern Miner

The current issue (February 11) of the Northern Miner contains a story about the Gunnison project.

The article referenced a price target of $2 CDN.

Here's the reference:

Clarksons Plateau Securities has a “buy” rating on Excelsior’s stock with a target price of $2.00 per share, according to a Jan. 15 research report. Analysts said they expect Excelsior to hit the 25 million lb. copper production rate this year, but expect just 15 million lb. of production in 2020 “due to a slightly later-than-expected start of operations.” In 2021, the analysts also expect to see an updated feasibility study for Gunnison’s stage three expansion, and ultimately anticipate the company will skip stage two and proceed to full capacity.

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