GREY:NEVDQ - Post by User
Comment by
patchhon Apr 09, 2021 10:24pm
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Post# 32971950
RE:RE:RE:An extra 38 years of underground over the first 13 years
RE:RE:RE:An extra 38 years of underground over the first 13 yearsNewmont is Nevada Gold ! Nevada Gold is a JV w ABX.. i.e. ABX & NMT is Nevada Gold..
Newmont started operations at Phoenix in 2006, and the following year plans began for a new copper processing project at the mine. The construction of a copper SX/EW facility was approved in April 2012. Construction was completed in Oct. 2013, and the first copper cathode sheet was produced on Oct..
Copper is an important player in the Phoenix production portfolio. Along with the copper sheets, the mine also produces a copper concentrate. The copper production totals about 40 million pounds a year. Phoenix is the only mine with major copper production in the new Nevada Gold Mines joint venture
i.e. 20,000 tonns or 160,000,000 $ on top of the Gold