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Gunnison Copper Corp T.GCU

Alternate Symbol(s):  EXMGF

Gunnison Copper Corp., formerly Excelsior Mining Corp., is a Canada-based mineral exploration and development company. 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 Gunnison Copper Project covers approximately 9,560 acres of land, and it is located in Arizona, United States. The Johnson Camp Mine operation includes two open pits, a fully functioning SX-EW plant capable of producing approximately 25 million pounds of cathode copper per year. The Strong and Harris copper-zinc-silver deposit is located around 1.3 miles (2.4 kilometers) north of Excelsior’s Johnson Camp SX-EW facility.


TSX:GCU - Post by User

Comment by Richiechileon Jun 25, 2021 4:32am
289 Views
Post# 33449265

RE:Positive information.

RE:Positive information. Good presentation by the Excelsior CEO last night.   CEO mentioned they are currently focused on ramping up (flushing the calcite) on 4 to 5 wells and production in Q2 will be an increase on Q1 (185,000lbs).  There are 16 injection wells.   I assume therefore the initial target is 25-30% of nameplate capacity or approx 500,000lbs month.   At $4/lb copper this is US$2m a month so more than enough for breakeven.   Good news they have increased flowrate on one well from 10gpm to 110gpm.    Would be useful to see how overall flowrate and PLS grade of the wellfield is improving with time.   Looks like Excelsior is moving in the right direction and look forward to more updates.   Also the benefit of the stream financing is there are no senior lenders with their foot on the throat of the company. i.e. Excelsior has time to get these issues resolved.   
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