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Gunnison Copper Corp T.GCU

Alternate Symbol(s):  EXMGF

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.


TSX:GCU - Post by User

Post by willyk3on Jul 26, 2021 7:51am
416 Views
Post# 33603329

What we know

What we knowIn january the company ,flippantly perhaps, released the info that they had produced 90000 lbs of copper....and optomistcally talked of reaching full production of 25 million lbs per annum

By April it was apparent that something was wrong but I cannot recall any investor communication to that effect

On May 14 the company finally addressed the issues that were blatantly exposed by the Crux report...and reported that 230000 lbs ofcopper had been produced .... somewhat shy of any kind of expected production.  Yet again they optomistically forecast 25 million lbs by 2022

Since then there has been precious little communication.  The PI financial conference was interesting and for the novice investor /speculator like myself  it was some reassuring handholding pointing out the strengths of the deposit, the ESG aspects, north amercan based and various solutions to  be tested.  But for me this was all little more than promotion..I have seen no official numbers on either the website or sedar.

Surely by now, they could release some official numbers on production and expenses....hope and faith can only go so far
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