UNDERGROUND

Pumpkin on track for production

Nevada Copper says it's "on target" to transition from developer to producer this quarter

Staff reporter
Nevada Copper has started pre-commissioning the process plant’s grinding circuit at Pumpkin Hollow in Nevada

Nevada Copper has started pre-commissioning the process plant’s grinding circuit at Pumpkin Hollow in Nevada

The company said it had started pre-commissioning the process plant's grinding circuit, had recently completed the 120kV power line and stockpiled more than 70,000 tonnes of development ore on surface.

"We are now in the final stages before entering production in the fourth quarter of this year," CEO Matt Gili said.

The underground mine is expected to produce an average annual 50 million pounds of copper, 8,000 ounces of gold and 150,000oz of silver over its 13.5-year life.

Preproduction capex was estimated at US$197 million, with Nevada Copper gaining a $115 million financing facility from KfW IPEX-Bank in May, to add to other finance and stream facilities.
 
The company's permitted open-pit project 4km away is being advanced towards a construction decision, with a prefeasibility study in April indicating the combined underground and open-pit operations could provide peak production of 150,000 tonnes or 330Mlb copper-equivalent per annum.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production