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Trigon Metals Inc V.TM

Alternate Symbol(s):  PNTZF

Trigon Metals Inc. is a Canada-based exploration and development company. The Company is focused on copper and silver holdings in mine-friendly African jurisdictions. The Company has operations in Namibia and Morocco. In Namibia, it holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia generally recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the producing Kombat Mine. In Morocco, it is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects. The Silver Hill is a 16 square kilometers (km2) property located in the Anti-Atlas region. The Kombat Mine is located in the Otavi Mountainland on the Northern Platform Margin of the Damara Orogenic Belt. Its Kalahari Copperbelt Project includes a substantial land package in Namibia with primary Exclusive Prospecting Licenses (EPLs) covering 280 km along the strike of the Kalahari Copper Belt.


TSXV:TM - Post by User

Post by AlfTanneron Jul 23, 2024 7:24pm
119 Views
Post# 36145328

Crashing copper has not helped

Crashing copper has not helped
The price of copper has crashed from over $5 to $4.10 in just 2 months.  When the price was $5, there were endless stories about a copper shortage and how hard it is to add mine supply.  Now that the price has crashed, no one is talking about copper anymore.
 
As for Trigon, the company really needs a decent price of copper right now because their costs are high as they ramp up the mine.  The U.S. economy is likely grinding toward recession, and the China recovery looks like it is going to take years.  I doubt we are going to see $5 copper again for a long time.
 
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