copper mining jeux gold mine

operations_zijinmining

operations_zijinmining

Timokcopper-gold mine is a giant deposit with high copper grade, which is made of upper zone and lower zone. By the end of year 2019, the upper zone possesses 1.05 million tonnes of copper metal grading 3.7g/t in average and 68 tonnes of gold metal grading 2.4g/t in average.The upper section of the upper zone of the Timok copper-gold mine contains a super high-grade mine body, the distribution of which is relatively concentrated. Underground development is taking place in upper zone, which is designed to process 3.3 million tonnes of ores annually once completed. The construction period is 2.5 years and the service life is 13 years. It is planned to start initial production in June 2021 with annual production of 79.6 thousand tonnes of copper metal and 2 tones of gold metal. The inferred ore resources volume of the Lower Zone of the Timok copper-gold mine was 14.30 million tonnes of copper metal grading 0.86% in average and approximately 299 tonnes of gold metal grading 0.18g/t in average. The development of the Lower Zone of the Timok copper-gold mine has not commenced yet. The definitive feasibility Study of the lower zone is still on-going.

frieda river copper and gold project, papua new guinea - mining technology | mining news and views updated daily

frieda river copper and gold project, papua new guinea - mining technology | mining news and views updated daily

The mine is jointly owned by PanAust (80%) and Highlands Pacific (20%). PanAust acquired the majority stake earlier held by Glencore in August 2014, becoming operator of the mine. The acquisition agreement was made in October 2013.

Based on the pre-feasibility study completed in October 2010, the mine was expected to produce 246,000t of copper and 379,000 ounces (oz) of gold annually. First production was expected in 2017. The estimated mine lifespan was more than 20 years. A due diligence evaluation held by PanAust and Highlands Pacific however estimated average annual production of 125,000t of copper and 200,000oz of gold in concentrate assuming a processing rate of 30 million tonnes per annum. The total project cost was estimated at $1.7bn.

These deposits are part of the Frieda River Igneous Complex (FRIC) located in the southern part of the New Guinea Thrust Belt. They were formed during the Miocene age through extensive thrusting and faulting.

The Horse / Ivaal / Truki deposit is estimated to contain measured resources of 1,190mt graded at 0.49% Cu and 0.25g/t Au. Indicated resources include 410mt graded at 0.44% Cu and 0.20g/t Au. Inferred resources are 900mt graded at 0.4% Cu and 0.2g/t Au.

The Koki and Ekwai deposits are currently not part of the feasibility study. Inferred resources at 0.2% Cu cut-off are estimated at 450mt graded at 0.37% Cu and 0.25g/t Au for Koki, and 170mt graded at 0.38% Cu and 0.23g/t Au for Ekwai.

The Horse / Ivaal / Koki deposits are spread across an area of three square kilometres of the FRIC. They contain porphyry copper-gold mineralisation associated with multiphase intrusives in the form of chalcopyrite, bornite and chalcocite. High grade mineralisation is found to occur in steep north-west trending structures.

Nena is a high sulphidation epithermal deposit hosted by andesitic lapilli tuffs. The mineralised area forms a 1,200m long sub-horizontal cigar shaped structure with a diameter of 300m. The main copper minerals occurring in the deposit are chalcocite, covellite, enargite / luzonite and minor stibioluzonite.

Development of the mine will include construction of a crushing and process plant, a 160MW hydro-electric dam and power station, maritime ports, 120km of new access roads, large mining infrastructure and an airport.

Frieda will be mined through open pit operations. Mining will be initially carried out at the Horse / Ivaal / Trukai deposit. The recovered ore will be processed by conventional comminution, grinding and flotation method to produce a copper-gold concentrate.

Sinclair Knight Merz (SKM) was responsible for developing a sustainability integration plan for the mine as part of the pre-feasibility study. SKM worked in collaboration with Bechtel, Pyry and SMEC for the project. BMT was contracted to carry out an aquatic biology, water and sediment quality monitoring programme for the mine.

cukaru peki copper gold mine in serbia begins trial production

cukaru peki copper gold mine in serbia begins trial production

China's mining company Zijin Mining announced the start of trial production in the upper-zone of Serbian world-class ukaru Peki copper gold mine, the test could be a precursor for Serbia becoming the second largest copper production country in Europe in the fourth quarter of 2021. Zijin Mining said The construction of the mine facilities for trail production is estimated to be finished by this September. It only took less than three years from the purchase of the mine to the trial production, which was a mission impossible.

Zijin Mining purchased mining right of the upper-zone of the ukaru Peki copper gold mine in March 2019 and purchased the mining rights for the entire mine in November of the same year. The upper-zone of Serbian ukaru Peki copper gold mine reserves 1.28 million tonnes of copper and 81 tonnes of gold in total, with grades of 3% and 1.91 grams per tonne respectively. The mine will process 3.3 million tonnes of ore and produce 91,000 tonnes of copper and 2.5 tonnes of gold annually.

top ten copper mines that stand to benefit in 2021 | kitco news

top ten copper mines that stand to benefit in 2021 | kitco news

Kitco News has launched its 2021 Outlook, which offers the most comprehensive coverage of precious metals markets in the new year. Trillions of dollars were pumped into financial markets in 2020 and that won't come without consequences. Economists expect that investors will be Bracing For Inflation in 2021.

Goldman Sachs is bullish. Its analysts say the current copper bull run could continue well into 2022, and the firm estimates that the metal is likely to hit $10,000 per tonne for only the second time in its history.

In 2020, copper production will drop. According to the industry experts, global copper supply will likely to fall by approximately 257,000 tonnes, a 1.2% decline compared to 2019, with most affected countries being Peru (14.5%), Australia (7.5%) and Mexico (4.5%).

However, the global copper mining industry is expected to increase copper output by 1.36Mt to 21.4Mt in 2021, with most of the growth coming from Peru (315,000t), Chile (175,000t), United States (112,000t) and China (82,000t).

Cochilco said that Chile - the worlds biggest copper producer - is expected to produce 5.82Mt this year, representing an increase of 0.6% compared to 2019. In 2021, production of copper in Chile could reach 5.99Mt. Strong portfolio of projects will contribute to the long-term copper output growth of up to 7Mt/year in Chile.

The following is the list of the top 10 largest copper mines in 2019 that will have a significant impact on the overall long-term state of the global copper industry, ranked by production. Five of them are located in Chile, three in Peru, one in the US and one in Mexico. These 10 mines produced more than quarter of last years total copper output.

Third largest copper mine is also in Chile. Codelcos El Teniente mine produced 460 ktonnes of copper and this volume was on par with output at Freeport-McMoRans Morenci mine in USA that jumped three positions up in the ranking.

Not all copper mines showed strong results in 2019. As expected, Grasberg copper-gold mine that was third largest copper operation in 2018, left the top 10 list in 2019. Production here dropped dramatically by 51% due to depletion of open-pit mining and transitioning to underground operations.

1. Escondida Chile. 1,158 kt.Named after the Spanish for hidden, Escondida is a copper mine located Atacama Desert in Northern Chile and is the worlds largest copper mine by output. Open since 1990, it is one of the deepest open-pit mines in the world. Escondida is majority owned and managed by BHP (57.5%), with Rio Tinto (30%) and Japan Escondida (12.5%) the other joint owners. The mine accounts for about 6% of global copper production. 2. Collahuasi Chile. 565 kt.Collahuasi, the second-largest copper operation in Chile and around the globe, is jointly owned by Anglo American (44%), Glencore (44%) and Mitsui (12%). The mine is located at high altitude between 3,000 and 5,000 metres above sea level. Most of the concentrate produced at Collahuasi is sold to smelters in China for further refining. 3. El Teniente Chile. 460 kt.El Teniente is currently the worlds largest underground copper mine and one of the largest by reserve size. It is located about 2,300 metres above sea level in the Andes of central Chile. Chilean state copper miner Codelco, which owns and operates El Teniente, plans to boost production at the mine to more than 500,000 tonnes per year by 2025. 4. Morenci USA. 460 kt.Located 16km south of Silver City, Arizona, Morenci is the largest copper mine in North America. It is jointly owned by Freeport and Sumitomo, with Freeport being the majority owner and operator. Last year production at the open-pit mine fell to 431,000 tonnes, a 7% drop from 2017. 5. Cerro Verde Peru. 455 kt.Another Freeport-owned mine, Cerro Verde is an open-pit copper and molybdenum mining complex located about 20 miles southwest of Arequipa, Peru. Apart from Freeport, other stakeholders of the mine are SMM Cerro Verde Netherlands, a subsidiary of Sumitomo Metal (21%), Compaia de Minas Buenaventura (19.58%), and public shareholders (5.86%). 6. Antamina Peru. 449 kt.The Antamina open-pit mine is located in the Andes mountain range, about 270 km north of Lima, Peru. It is jointly owned by BHP (33.75%), Glencore (33.75%), Teck Resources (22.5%) and Mitsubishi (10%). In addition to copper, Antamina is a source of silver, bismuth, molybdenum and lead. The mine is scheduled to cease production in 2019. 7. Buenavista Mexico. 438 kt.One of the largest copper mines in the world by reserve, Buenavista, also known as Cananea, is located approximately 35 km south of the US-Mexico border in Sonora state. Owned by Grupo Mexico, it is one of the oldest open-pit mines in North America. 8. Chuquicamata Chile. 385 kt.Chuquicamata, one of the largest open pit copper mines and the second deepest open-pit mine in the world, is located 1,650km north of Santiago, Chile. The mine, popularly known as Chuqui, has been operating since 1910. The century-old copper mine is owned and operated by Codelco and forms part of the companys Codelco Norte division, which includes the Radomiro Tomic (RT) mine found on the same mineralised system. 9. Las Bambas Peru. 383 kt.Las Bambas is a joint venture between Chinas MMG Ltd. and CITIC Metal Co. Ltd. The open-pit mine contains mineral reserves of 7.2 million tonnes and mineral resources of 12.6 million tonnes. MMG estimates that more than 2 million tonnes will be produced in concentrate in the coming years. 10. Los Pelambres Chile. 363 kt.Antofagastas Los Pelambres is a copper mine in Chiles Coquimbo region, 240 km north-east of Santiago. It produces copper concentrate (containing gold and silver) and molybdenum concentrate through a milling and flotation process. By Vladimir Basov For Kitco News Follow minesmetals [email protected] www.minesandmetals.com

1. Escondida Chile. 1,158 kt.Named after the Spanish for hidden, Escondida is a copper mine located Atacama Desert in Northern Chile and is the worlds largest copper mine by output. Open since 1990, it is one of the deepest open-pit mines in the world. Escondida is majority owned and managed by BHP (57.5%), with Rio Tinto (30%) and Japan Escondida (12.5%) the other joint owners. The mine accounts for about 6% of global copper production.

2. Collahuasi Chile. 565 kt.Collahuasi, the second-largest copper operation in Chile and around the globe, is jointly owned by Anglo American (44%), Glencore (44%) and Mitsui (12%). The mine is located at high altitude between 3,000 and 5,000 metres above sea level. Most of the concentrate produced at Collahuasi is sold to smelters in China for further refining.

3. El Teniente Chile. 460 kt.El Teniente is currently the worlds largest underground copper mine and one of the largest by reserve size. It is located about 2,300 metres above sea level in the Andes of central Chile. Chilean state copper miner Codelco, which owns and operates El Teniente, plans to boost production at the mine to more than 500,000 tonnes per year by 2025.

4. Morenci USA. 460 kt.Located 16km south of Silver City, Arizona, Morenci is the largest copper mine in North America. It is jointly owned by Freeport and Sumitomo, with Freeport being the majority owner and operator. Last year production at the open-pit mine fell to 431,000 tonnes, a 7% drop from 2017.

5. Cerro Verde Peru. 455 kt.Another Freeport-owned mine, Cerro Verde is an open-pit copper and molybdenum mining complex located about 20 miles southwest of Arequipa, Peru. Apart from Freeport, other stakeholders of the mine are SMM Cerro Verde Netherlands, a subsidiary of Sumitomo Metal (21%), Compaia de Minas Buenaventura (19.58%), and public shareholders (5.86%).

6. Antamina Peru. 449 kt.The Antamina open-pit mine is located in the Andes mountain range, about 270 km north of Lima, Peru. It is jointly owned by BHP (33.75%), Glencore (33.75%), Teck Resources (22.5%) and Mitsubishi (10%). In addition to copper, Antamina is a source of silver, bismuth, molybdenum and lead. The mine is scheduled to cease production in 2019.

7. Buenavista Mexico. 438 kt.One of the largest copper mines in the world by reserve, Buenavista, also known as Cananea, is located approximately 35 km south of the US-Mexico border in Sonora state. Owned by Grupo Mexico, it is one of the oldest open-pit mines in North America.

8. Chuquicamata Chile. 385 kt.Chuquicamata, one of the largest open pit copper mines and the second deepest open-pit mine in the world, is located 1,650km north of Santiago, Chile. The mine, popularly known as Chuqui, has been operating since 1910. The century-old copper mine is owned and operated by Codelco and forms part of the companys Codelco Norte division, which includes the Radomiro Tomic (RT) mine found on the same mineralised system.

9. Las Bambas Peru. 383 kt.Las Bambas is a joint venture between Chinas MMG Ltd. and CITIC Metal Co. Ltd. The open-pit mine contains mineral reserves of 7.2 million tonnes and mineral resources of 12.6 million tonnes. MMG estimates that more than 2 million tonnes will be produced in concentrate in the coming years.

10. Los Pelambres Chile. 363 kt.Antofagastas Los Pelambres is a copper mine in Chiles Coquimbo region, 240 km north-east of Santiago. It produces copper concentrate (containing gold and silver) and molybdenum concentrate through a milling and flotation process.

top five largest copper mining companies by production in 2020

top five largest copper mining companies by production in 2020

The reddish-gold metal has a range of industrial uses, and is often used in electronics due to its high electrical conductivity and its ability to be easily shaped into wiring. It is also a good conductor of heat, giving it additional properties prized by industry.

There is expected to be a growing demand for copper over the coming years along with many other metals and minerals due to its importance to the manufacturing of products that will be used in the electrification of the worlds energy system.

Codelco mines many of these Chilean reserves, including the El Teniente project (the worlds largest underground copper mine), and Chuquicamata (the second-deepest as well as one of the largest open pit mines in the world).

Its major mining interests include the Grasberg copper-gold deposit in Indonesia the worlds biggest gold mine and the Morenci mine in Arizona, which is one of the largest copper deposits in North America.

In total, the company operates seven open-pit copper mines in North America, as well as two molybdenum operations. It also has two copper mines in South America Cerro Verde in Peru and El Abra in Chile.

Glencores major copper mines include interests in the Antamina open-pit mine, located in the Peruvian Andes, as well as Chiles Collahuasi mine. In Australia, it operates the Ernest Henry, Mount Isa and CSA mines.

The company also has a significant footprint in the Democratic Republic of Congo (DRC), where it mines copper alongside cobalt at the Katanaga and Mutanda mines. The DRC by far the worlds largest cobalt producing country, and Glencore has established itself as one of the top producers of this metal via these operations.

An integrated producer of copper and various minerals, Southern Copper operates mining, smelting and refining facilities in Mexico and Peru. Its major mining operations include Perus Toquepala and Cuajone mines and Mexicos Buena Vista del Cobre (aka Cananea) and La Caridad mines.

gold, silver, and copper: 9 top stock picks for resource investors

gold, silver, and copper: 9 top stock picks for resource investors

Each year, MoneyShows Top Picks report asks the nations leading newsletter advisors for their favorite stocks for the year ahead. Spurred in part by expectations for a post-pandemic economic rebound, as well as concerns over future inflation due to fiscal and monetary expansion, several advisors chose metals and mining stocks as potential winners in 2021.

B2Gold (BTG) is a Vancouver-based mining company with properties in Africa and the Philippines; the stock was also my Top Pick in 2020 and it rose 40% last year. The fundamentals are extremely strong, with profit margins of nearly 40% that help to maximize its cash flows.B2Gold has generated $365 million in cash.Long-term debt is small at only $49 million.

B2Gold is the highest-yielding gold mining stock in the industry, yielding nearly 3% and likely to increase. It expects to produce 1 million ounces of gold in 2020, and should do even better in 2021.Despite a selloff after the election, thefundamentals are still strong.

Revenues, earnings and dividends have all risen sharply in the past year and should have positive results when it reports in February.In my mind,B2Goldis deeply undervalued, selling for less than 10 times earnings.

A riot police stands guard at the entrance of the Canadian mining company B2Gold, after retaking ... [+] control of El Limon, Nicaragua, Saturday, Oct. 17, 2015. Miners have been on strike for weeks after the firing of three union leaders, blocking access to the mine and El Limon, with roadblocks made of rocks and branches, affecting operations. Riot police stormed the mining town Saturday morning, firing tear gas, rubber bullets and mortars. By midday Saturday, police had not said how many people were arrested or injured, but witnesses saw two police officers bleeding after being hit by rocks and two local residents being arrested for not leaving street blockades. (AP Photo/Esteban Felix)

There is political risk with its largest mine in Mali, Africa (there was a coup last year), but so far it's been manageable, largely because the government is part owner.The stock was up 40% last year but could do even better this year.

The world has already hit peak silver production, and silver has been too cheap for too long to spur much silver exploration. Meanwhile, the global economy is shifting into higher gear coming out of the Covid pandemic. Why does this matter for silver? Industrial applications account for roughly 60% of the global silver consumption. For example, silver is vital to the building of efficient solar panels.

Consider buffing up your silver holdings with Pan American Silver Corp. (PAAS), which is based in Canada but operates in the U.S. and Latin America. The company has nine producing mines and digs up silver, gold, zinc, lead and copper. And it has a total reserve base of 550 million ounces of silver and 5.2 million ounces of gold.

Covid-19 slapped this stock around in 2019 like it did to most miners. Two of Pan Americans mines in Peru had to suspend operations for most of the third quarter due to the pandemic and its metal production dipped. Nonetheless, the company posted net earnings growth of 73%.

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The company bought Tahoe Resources for $1 billion in 2019, with the main prize being the troubled Escobal silver mine in Guatemala. That could be one of the biggest primary silver mines in the world, if they can ever solve local troubles.

The previous operator, Tahoe, lost a court case and had to shut down. Pan American is confident they will be able to get approval to restart mining operations. Helping that view is that a new pro-mining President was elected in Guatemala at the beginning of last year.

The company reports full-year results on Feb. 19. It is projected to earn 89 cents a share for 2020, up 45% over last year. In 2021, earnings are forecast to rise 191%. Pan American pays a dividend of 7 cents a share; that dividend is projected to rise 15% per year for the next three years. So, weve got growth, a potential massive silver mine coming online, silver and gold and its a dividend raiser. Buy this on any dip, and it should be much higher a year from now.

Chakana Copper (Vancouver: PERU) (CHKKF) is a Canadian based minerals exploration company currently advancing the Soledad copper-gold-silver project near Aija, in the Ancash region of the highly prolific Cordillera Negra mountain range of Peru.

Chakana is led by CEO David Kelley who is an economic geologist and exploration geochemist with more than 25 years of international exploration experience throughout the Americas, Central Asia and Australasia. Soledad is located approximately 260km north-northwest of Lima and 35km south of Barricks Pierina mine.

Unlike prior operators Chakana is taking a unique approach and is focused on testing the breccia pipe potential to determine if they host economic mineralization. Results from the most recent drill program have been spectacular. I expect higher gold, copper and silver prices in 2021 and Chakana provides excellent exposure to those commodities.

Regulus Resources (Vancouver: REG) (RGLSF) is a Canadian exploration company formed in December 2010 under the directorship of the former management of Antares Minerals. The same Antares that was sold to First Quantum Minerals (Toronto: FM) for approximately C$650 million, primarily for the giant Haquira Cu-Mo-Au deposit in Peru.

Regulus is a clear takeout target and I believe AntaKori is taken out at a significant premium sooner rather than later. The team is top notch. Regulus is led by CEO John Black a geologist with over 30 years of exploration experience.

Regulus has approximately 101.8 million shares outstanding and a market cap of approximately C$101.8 million. The 100% owned Flagship AntaKori Copper-Gold Project is located approximately 600km north of Lima and 50km northwest of the city of Cajamarca,on theworld-class Miocene Au-Cu-Ag belt of northern Peru.

The company provides excellent leverage to higher prices, but even if prices just stay at current levels, Regulus should be trading at multiples of todays prices. There are numerous catalysts that will force a re-rating of shares including a resource estimate planned for 2021 which is expected to lead to a phase 3 drill program and then a pivot towards a Pre-feasibility project.

Barrick Gold (GOLD) is the worlds second largest gold producer. It has been transformed since it merged with Randgold and the latters Dr. Mark Bristow took over as CEO. Today, it is not only one of the largest gold miners, but one of the best and one of the most undervalued.

Monitors display Barrick Gold Corp. signage on the floor of the New York Stock Exchange (NYSE) in ... [+] New York, U.S., on Wednesday, Jan. 2, 2019. U.S. stocks pared declines after a brutal start, with financial shares rebounding from a dismal December and crude staging a rally. Treasuries trimmed gains. Photographer: Michael Nagle/Bloomberg

Bristow is a dynamo. In his less than two years at the helm, Bristow dramatically cut the companys debt; cut costs including slashing the bloated Toronto corporate headquarters and made mine operations more efficient.

he has also visited every one of the companys operations around the world; resolved political problems in Tanzania and Papua New Guinea; and achieved the decades-old goal of combining Barricks and Newmonts Nevada operations, cutting duplicative overhead.

The result is a company focused on profitable ounces instead of growth, with a strong balance sheet. Barrick always had world-class assets, including gold and copper assets in 13 countries primarily in North and South America, the Caribbean, and Africa.

Production of both gold and copper has increased, both this year and last. With a meaningful decline in capital expendituresof about 30% over the next four years, Barrick is forecasting modestly rising production around the 5 million ounce-equivalent level, with more than half of that coming from mines in North America.

All-in sustaining costs are in the mid $900s, down from over $1,000 an ounce.With lower costs and higher gold prices, Barricks margin has expanded from $694 in the second quarter to $940 in the third quarter.

One of the most significant improvements has been in the balance sheet, with net debt down to around $1 billion, and around $4 billion in cash. The company is in its best financial shape in well over a decade. In 2012, the company had almost $12 billion of net debt.

The biggest change is in the culture. The stock has responded to Mark Bristows leadership moving from lows in the $10 range in late 2018. It is trading at a price-to-cash flow multiple under 9 times, and free cash flow multiple of 15 times. It is trading just under 1.8 times book. These multiples are lower than most other major gold miners.

Erdene Resource Development (Toronto: ERD) (ERDCF) is essentially the one-stop-shop for mineral exploration in Mongolia. With a long and deep history in this mineral-rich country, theyll benefit from the next wave of exploration and development that will happen as this bull market evolves.

Most importantly, they already control one of the worlds highest-grade open-pit projects the Khundii Gold Project, with over 500,000 ounces in measured and indicated resources grading 3.16 g/t gold, plus an additional 100,000 ounces of inferred resources at 3.68 g/t gold and a clear path to much greater resources.

Erdene could have Khundii in production by the end of this year, after which theyll have about $30 million in annual free cash flow to exploit and expand their many targets and opportunities in the country. The project has a low capex of just $59 million and an impressive internal rate of return of 42%.

Better still, if you want leverage to rising gold prices, this project offers it in spades. Well continue to get drill results, and potentially market-moving ones, throughout the year as the mine construction progresses. So we have the best of both worlds with Erdene a severely undervalued development story with the kicker of exceptional exploration upside in the near and medium terms.

Led by the former Red Back Mining team that sold out to Kinross in 2010 for US$7 billion, Montage Gold Corp. (Vancouver: MAU) is a bet on a successful management groups next act. Its also a bet on an exceptional deposit, a 1.538-million-ounce inferred resource on the Morondo gold project in Cote dIvoire.

And heres the deal: That resource is set to grow perhaps coming close to doubling in the near future. Montage is well funded, to the tune of C$32 million in working capital, which the company is putting to good use right now.

Five drill rigs are well along a 50,000-meter resource expansion drilling program, with a new inferred resource estimate due early this year. That will be followed up by an initial preliminary economic assessment planned for the first quarter, an indicated resource estimate in the second quarter, and a feasibility study by the end of the year.

Its a lightning-speed development plan that should see the company significantly revalued by the end of the year, possibly by a multiple if they hit all their goals. And this is a team that usually hits their goals. Montage Gold is a recommendation with great potential.

For years now, Ivanhoe Mines (Toronto: IVN) has been one of my favorite natural resources stocks, and its my top pick for 2021. The company traded up a little over 61% last year as investors anticipated the start of production at its tier-one Kamora-Kakula Copper Project in the Democratic Republic of the Congo (DRC).

Were now only six months away from scheduled initial production at Kakula, but already Ivanhoe has begun underground development. The company reported stockpiling some 269,000 tonnes of high-grade copper ore.

The copper grade at Kakula is ultra-high at 6.6 percent over the first five years of production, a grade that is an order of magnitude higher than the majority of the worlds other major copper mines, according to Ivanhoe founder and co-chairman Robert Friedland.

Production at the mine will continue to ramp up in phases until full processing capacity is reached sometime between 2028 and 2030. This makes Ivanhoe a true long-term play on copper, a metal that should only increase in importance as theelectrification of everything trend accelerates. With Kakula set to begin production, I believe Ivanhoe is very well positioned to ride the wave higher.

In times of economic struggle and social upheaval, investors often become more interested in precious metals, especially gold. Long-term, growth-oriented investors often dont pay much attention to gold-related investments since it can be hard to understand the cyclical nature of the industry and how it relates to global economies.

With a level of turmoil that never seems to end both here in the U.S. and abroad, its a good time for investors to consider adding some exposure to gold. Gold miners with the ability to make a profit fairly consistently are rare to come by, but our top pick in this area is Kirkland Lake Gold Ltd. (KL).

Since 2010, revenues at Kirkland Lake Gold have risen an average of 32.4% a year, while EPS growth has averaged 57.9% annually. From 2016 to 2019, Kirkland Lake Golds production more than tripled from 313.7 Kozs to 974.6 thousand Kozs, while their all-in sustaining costs (AISC) per ounce fell from $930 to $564.

Strong production growth and low unit costs are the formula for long-term success. For the full-year 2020, Kirkland Lake Gold expects AISC/ounce sold to be $790 - $810 and total production to be 1,350-1400 Kozs.

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We project revenues to grow at 12.0% a year through 2024, with EPS gaining a bit more through margin expansion and growing 14.0% annually. This is roughly in line with analysts expectations for the next two fiscal years.

Kirkland Lake Golds stock currently trades just below its adjusted average P/E of 14.7. If the P/E reaches 20.1, the average high P/E of the last four years, the stock could reach $110. Including a dividend, currently yielding 1.8%, the stock could deliver an annualized 21.9% return through the next five years.

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MoneyShow an industry pioneer in investor education since 1981 is a global, financial media company, operating the world's leading investment and trading conferences. Each show brings together thousands of investors to attend workshops, presentations and seminars given by the nation's top financial experts. The company also offers exclusive seminars-at-sea, with the investment industry's leading partners, such as Forbes. In addition, MoneyShow operates the award-winning, multimedia online community, Moneyshow.com and publishes free Investing and Trading newsletters, which provide individual investors with exclusive ongoing access to the latest investment and trading ideas from the nation's most respected and trusted financial newsletter advisors.

cascabel copper-gold project, cascabel region, ecuador

cascabel copper-gold project, cascabel region, ecuador

Initial mineral resource estimates of the project were released in December 2017. A preliminary economic assessment (PEA) study was carried out by Cornerstone to identify the potential mineral availability at the project location. The results of the PEA were announced in May 2019.

The Cascabel project is characterised by the presence of Oligocene to Miocene andesitic flows and breccias located below Upper Cretaceous sedimentary rocks, which are intruded by granodiorite and diorite batholiths and stocks of the Miocene age.

Exploration works at the project identified five different types of lithologies, including diorite, andesite, conglomerate, sediments, and later colluvium. Additionally, five porphyry centres were identified as primary exploration targets. Aguinaga, one of the targets, is characterised by a 500m x 500m annular magnetic flow.

The Cascabel copper-gold project is estimated to hold indicated resources of 2,050Mt containing 8.4Mt of copper grading 0.41% Cu, 19.4Moz of gold grading 0.29g/t Au, and 12.2Mt of copper-equivalent (CuEq) grading 0.60% CuEq.

A copper concentrator and a gold recovery circuit are proposed to be used for processing the ore from the Alpala deposit. The processing circuit will include either two or three parallel modules with a capacity ranging between 40 million tonnes per annum (Mtpa) to 60Mtpa.

The project site includes a connection to a railway line connecting an existing port, as well as a highway connection for transportation. Power facilities and nearby communities for providing accommodation for the workforce are also available.

John Wood Group, an energy services firm based in the UK, was appointed as the lead consultant for the project. It will be responsible for mineral processing, the study of project infrastructure components, and material handling, under the contract.

rebeico copper-gold |ridgestone mining, inc

rebeico copper-gold |ridgestone mining, inc

The Rebeico property is located within the Sierra Madre Gold Belt, which has produced over 80.0 million ounces of gold and over 4.5 billion ounces of silver, plus significant amounts of copper and other base metals.

The Rebeico gold-copper project is comprised of 16 concessions totaling 3,459 hectares (Figure 1) on private land located in central Sonora, Mexico. The property is located 115 kilometres east of the city of Hermosillo which offers support to mining operations throughout Sonora. The property is accessible via Sonora State Highway 20 and a network of all-weather roads. Grid electrical power lines are within 6.5 kilometres of the property.

Ridgestone holds an undivided 100% interest in the property subject to a 2.0% net smelter return royalty (NSR), which can be reduced to a 1.0% NSR for US$1.0 million, and a 50% profit sharing agreement from commercial production up to a maximum of US$1.45 million.

Exploration on the Alaska vein (Figure 1) dates back to the late 1930s based on mining claim records. Gold-copper-silver mineralization cropped out at surface, with underground development and production documented in the early 1940s. Historically, ownership along the Alaska vein was fragmented. Several small underground mines were developed on the 1.2-kilometre length of the steeply dipping vein. These underground workings reached depths of 50 to 70 metres below the surface with several hundred metres of underground development. Smelter settlement records from the 1940s indicate average mill grades of 20.2 g/t gold, 60 g/t silver, and 9.2% copper.

A number of artisanal workings have been documented by the Servicio Geolgico Mexicano (SGM) within the nearby, western concessions now held by Ridgestone (Figure 1). Six artisanal workings were documented by the SGM to have high-grade copper and gold mineralization. In addition, the western concessions include the past-producing El Cobre mine, which was a high-grade underground copper mine operated by Asarco during the 1960s. At El Cobre there was development on three levels each approximately 180 metres in length to a depth of 130 metres.

The region of central Sonora surrounding the Rebeico project is within the southern part of the Basin and Range physiographic province of North America, transitional to the Sierra Madre Occidental province. Much of the region consists of northwest-trending block uplifts bounded by mainly northwest-striking normal faults. The oldest rocks in the vicinity of the project area consist of folded sequences of marine siltstone, sandstone, conglomerate and minor limestone of Ordovician to Permian ages that are unconformably overlain by thick sequences of interbedded andesite and andesitic volcanic-sedimentary rocks of the Upper Cretaceous Tarahumara Formation (Lopez and Cruz, 1996; Morales and Gastelum, 2006). These Paleozoic and Mesozoic rocks have been intruded over wide areas by composite stocks and dikes of monzonite, granite and granodiorite assigned by Morales and Gastelum (2006) to the Late Cretaceous-Paleocene period of Laramide batholith emplacement in northern Mexico. Peripheral to the project area, the Cretaceous-Paleocene and older rocks were unconformably overlain by rhyolite and andesite tuffs and flows of Oligocene age, and by polymictic conglomerate of the Miocene Bucarit Formation (Morales and Gastelum, 2006).

The northern and eastern parts of the Alaska area are underlain by aphanitic to finely porphyritic andesite and intercalated volcanic-sedimentary rocks of the Tarahumara Formation (map unit KTsa). The Ordovician to Permian sedimentary sequence crops out south and southeast of the Alaska vein (map units Pzu, Pzc), where it has been folded into a series of WNW-trending anticlines and synclines, and has undergone contact metamorphism to hornfels.

In the southern and western parts of the Alaska area, the Tarahumara Formation and Ordovician to Permian rocks have been intruded by Late Cretaceous-Paleocene hornblende-biotite granodiorite, monzonite, and granite (map unit KTgd) of the regional batholith. These intrusions are medium-grained with mainly seriate textures. Throughout the Alaska area, the Cretaceous-Paleocene and older rocks have been intruded by generally narrow but aerially extensive dikes and sills of fine-grained aplite (map unit KTap).

UTM WGS84 projection; 20m contours, 500m grid lines. Hachured lines are unpaved roads. Quaternary surficial deposits in intermittent stream canyons have not been mapped. Blue lines are concession boundaries.

The Alaska vein has been traced for approximately 1.2km along strike and varies from about 0.5 to 2 metres in width, with a strike from N10E to N10W, and dips to the east at 45 to 75. At and near the surface, and in the upper 50 metres of historical mine workings, it consists of variable mixtures of quartz, limonite, hematite, magnetite, pyrite, chrysacolla, malachite and azurite. Below about a depth of 50 to 60 metres, the Alaska vein is reported to contain chalcocite, chalcopyrite, bornite and native copper.

In 2018, Ridgestone completed a 12-hole, 1,430-metre diamond drill program targeting shallow depths along about 500 metres of the Alaska vein. The program was successful in confirming the presence of high-grade gold and copper mineralization. Highlights from drilling included 1.53 metres grading 36.10 g/t gold plus 1.22% copper in hole 18REB10, 3.25 metres grading 8.31 g/t gold plus 2.41% copper in hole 18REB06, and 2.0 metres grading 8.69 g/t gold plus 2.78% copper in hole 18REB02. A summary of the 2018 drill-hole assay results is presented in Table 1.

The New Year zone is located approximately 100 metres west of the southern end of the Alaska vein. Small outcrops of gossan and brecciated andesite quartz and magnetite are situated adjacent to a large dike of sericitized aplite.

In late 2019, Ridgestone completed a rock-chip sampling program over the New Year Zone to follow-up on historical reconnaissance sampling by Agnico Eagle Mines and YQ Gold. A total of 188 samples were collected in 2019 with an average weight of 4.5 kilograms. The program was successful in outlining an area of 125 metres by 175 metres (~2.2 hectares) characterized by widespread gold and copper silver mineralization at surface. Concentrations of bismuth are highly elevated and concentrations of lead, zinc, arsenic and antimony are low. Assay results are summarized in Table 2.

The geochemical signature suggests the New Year zone may represent a hydrothermal breccia pipe or small diatreme, possibly rooted in a porphyry intrusion at depth. The similar gold-silver-copper metal assemblage, with high bismuth and low lead and zinc, suggests the breccia mineralization and the nearby Alaska vein are likely related to each other and proximal to a center of magmatic-hydrothermal activity.

An Induced Polarization (IP) and Resistivity survey was carried out in 2018 & 2019 by Zonge International of Tucson, Arizona. The survey consisted of 15 east-west lines 200 metres apart that totalled 31.4 line-kilometres and covered an area of approximately 6.0 square kilometers.

The survey originated to the north of the Alaska vein, and provided 200-metre dipole-dipole coverage south through the New Year Zone and Elena concession. A summary report of the data provided by Zonge included 15 sets of IP and resistivity cross sections and horizontal slices at various elevations.

The Zonge report identified a pronounced high-chargeability feature which was encountered to the south and east of the Alaska vein at depths of 250 to 300 metres below surface, progressively increasing in width and intensity toward the south. This high-chargeability anomaly was identified over a total extent of 1,400 metres north-south and 800 metres east-west. The upper portion of the anomaly becomes progressively closer to the surface toward the south and is strongest beneath the Companys Elena concession. Zonge also noted that a resistivity feature shows good correlation with the Alaska vein. Sampling of outcrops at the Elena concession has returned assays up to 3.77% Cu over 1.5 metres and 3.42% Cu over 1.5 metres

By providing your e-mail address, you are consenting to receive press releases, quarterly and annual reports, presentations and other information concerningRidgestone Mining, Inc. and its affiliates and partners.

motherlode gold copper project rugby mining limited

motherlode gold copper project rugby mining limited

The Motherlode Gold-Copper project (Motherlode or the Project) covers an area of 878 hectares (ha) and is located 12 kilometers (km) south of Surigao City, the capital city in the province of Surigao del Norte, Philippines. Motherlode, formerly known as The Mindanao Motherlode Mine (Motherlode) was an epithermal vein style bonanza-grade gold mine that is estimated to have produced and estimated 500,000 ounces of gold from 1937 through to 1953*. Motherlode, which was once one of the Philippines highest grade gold producers, is located in the center of the Projects tenements. On the basis of past drilling, Motherlode has excellent potential for both epithermal vein-style gold and deeper copper-gold porphyry mineralisation.

The Motherlode is situated within a 15 km radius of multi-million ounce gold and gold/copper porphyry deposits and mines, which include Philex Mining Corporations Boyongan and Bayugo gold/copper porphyry deposits, and Manila Mining Corporations former gold/copper mines.

All-Acacia Resources Inc, Rugbys local joint venture partner, submitted an Application for an Exploration Permit for the Mabuhay Project, in April 2013. On January 23, 2019, Rugby announced that a drilling and exploration permit was issued for the Project, including the Motherlode gold target. Rugbys earlier permits, although covering a large area, specifically excluded the old gold mine area and consequently it had previously been unable to drill the Motherlode target.

Past drilling conducted on the Motherlode targeted the epithermal vein system, returning significant results including 15.5m at 5.92g/t gold and 3.9m at 18.11g/t gold. The predominance of iron sulphides (mainly pyrite, with some chalcopyrite) and quartz (crystalline and comb), mostly as veins and vein/breccias, as well as the metal association, including highly anomalous values for Cu, Te, As, Bi and Se indicates formation at deeper crustal levels close to porphyry intrusions, with fluids derived at least in part from a magmatic source. The records are inaccurate with respect to depth and extent of previous high grade mining, making it difficult to target depth extensions with assurance. Old workings extend to depths of +400 meters below surface.

All-Acacia Resources Inc, Rugbys local joint venture partner, submitted an Application for an Exploration Permit for the Mabuhay Project, in April 2013. On January 23, 2019, Rugby announced that a drilling and exploration permit was issued for the Project, including the Motherlode gold target. Rugbys earlier permits, although covering a large area, specifically excluded the old gold mine area and consequently it had previously been unable to drill the Motherlode target.

Past drilling conducted on the Motherlode targeted the epithermal vein system, returning significant results including 15.5m at 5.92g/t gold and 3.9m at 18.11g/t gold. The predominance of iron sulphides (mainly pyrite, with some chalcopyrite) and quartz (crystalline and comb), mostly as veins and vein/breccias, as well as the metal association, including highly anomalous values for Cu, Te, As, Bi and Se indicates formation at deeper crustal levels close to porphyry intrusions, with fluids derived at least in part from a magmatic source. The records are inaccurate with respect to depth and extent of previous high grade mining, making it difficult to target depth extensions with assurance. Old workings extend to depths of +400 meters below surface.

Rugby conducted a limited drilling programme in 2011 on secondary targets, which surrounded the prime Motherlode target area which at the time remained under application. The drilling results, together with earlier geophysical surveying anomalies strongly vectored epithermal gold and porphyry copper-gold potential to the main Motherlode area.

Rugby commenced drilling both extensions to the epithermal vein system and a deeper porphyry target indicated by a significant two kilometer Induced Polarisation anomaly. Rugbys MD009 intersected 584 m of porphyry mineralisation from immediately below the mine workings at 343 m to the hole bottom at 928 m. The grade was 0.62 g/t gold equivalent (see Table below). The intercept included a wide zone of diorite porphyry and argillically altered tuff averaging 0.3 g/t gold, 0.3% copper and 64 g/t molybdenum. Copper and molybdenum values increased with depth coinciding with higher IP chargeabilities.

The Company is encouraged by this early drilling, as the very large porphyry target was validated, and the higher grade potassic zone may potentially occur below the broad mineralized porphyry zone intersected.

Our geophysical experts have suggested that it is very difficult to discern the better targets within this broad, deep IP two kilometer long target, and that Magneto Tellurics (MT) may be better able to define the better targets at depth.

Certain information contained herein can be considered forward Looking. Please click here to review the Company's cautionary statement for investors. Paul Joyce, the Companys COO, Director and a qualified person within the definition of that term in NI 43-101, has supervised the preparation of the technical information contained on this webpage.

*This historical estimate is presented for reference purposes only. A majority of the records on actual ore produced at Motherlode were destroyed during WW2 and by later fires. Management has examined physical evidence at the site and available geological data to confirm that the estimation is suitable for presentation.

**The Company will be required to carry out a further assessment of previous exploration results, including drilling, conducted by the previous operator. The Company believes the data are suitable to report in this news release for informational reference only.

copperstone mine arizona gold corp. tsx:azg

copperstone mine arizona gold corp. tsx:azg

Arizona is a mining-friendly jurisdiction with a long, rich history of resource extraction, accounting for 65% of copper production in the United States. With ready access to skilled labour and a clear permitting and approval process, it is an optimal location for this project. The Copperstone Mine is located in LaPaz County, in Western Arizona, within the Walker Lane mineral belt where it intersects gold provinces in Southern California and Western Arizona. These provinces host a total known gold endowment of over 40 million ounces of gold. Copperstone is part of a lesser-known, globally significant, high-grade gold province. The property is accessible from Phoenix on Interstate 10 to Quartzsite and from Quartzsite on Route 95.

Copperstone occurs within the Basin and Range province of the South-Western United States. The regional geology is strongly influenced by Tertiary age detachment faults and younger high angle normal faults. The Copperstone gold deposit is related to the Moon Mountain or Copper Peak detachment fault. Gold mineralization at Copperstone occurs principally within the moderate to low-angle Copperstone Fault which has been interpreted to be a listric fault associated with the underlying Moon Mountain detachment fault. Gold occurs as native flakes within fault breccia, gouge and shear zones related to the faulting. The wall and host rocks are typically Triassic sediments and Jurassic quartz latite volcanics. Gold is commonly associated with hematite, chlorite, quartz, manganese oxide and copper oxide mineralization. In the case of the Copperstone Mine, the gold is not encapsulated in sulphides or silica, and the ores do not contain active carbon. This means that the ores at Copperstone are not refractory. This is a consequence of the fact that these ores appear to be comprised of original, or primary, or hypogene oxides minerals. Copperstone ores are not a weathered or oxidized material that started off as a sulphide (which is the common case). The oxides, when ground in the mill, free the gold up to be recovered in the gravity or flotation circuits. These ores also respond very well to cyanide processes. The Copperstone Mine produced nearly one-half million ounces of gold between 1987 and 1993 through open pit mining. Existing infrastructure which remains from this time, or which has been subsequently installed by Bonanza, is considerable and serves to reduce the current capital requirements for the mine. Existing infrastructure includes a 69 KV power line and substation, and three water wells, all sufficient for the new mine at Copperstone. Additional infrastructure on site includes offices, maintenance shops and a laboratory building.

The Copperstone Mine produced nearly one-half million ounces of gold between 1987 and 1993 through open pit mining. Existing infrastructure which remains from this time, or which has been subsequently installed by the Companys predecessor and wholly owned subsidiary, American Bonanza Gold Corp., is considerable and serves to reduce the current capital requirements for the mine. Existing infrastructure includes a 69 KV power line and substation, and three water wells, all sufficient for the proposed operations at Copperstone. Additional infrastructure on site includes offices, maintenance shops and a laboratory building (permitted tailings facility, processing facility and mill).

Arizona Gold Corp. (formerly Kerr Mines Inc.) is an emerging American gold producer advancing the restart of production at its 100% owned, fully permitted, past-producing Copperstone gold mine, located in mining-friendly Arizona

what are the best copper mining stocks to buy in 2021?

what are the best copper mining stocks to buy in 2021?

Copper prices are trading near their highest level since 2012 and money managers see the red metal rising even more towards $10,000 per metric ton. The rise in copper prices has also lifted copper mining companies' stocks. What are the best copper mining stocks to buy right now since copper looks hot in 2021?

Copper has earned its reputation as Dr. Copper for its ability to predict the economic cycle. Given its diverse use across different industries, copper demand and its prices are a reflection of the global economic cycle.

Copper prices are rising for many reasons. First, the demand outlook looks strong in top consumer China as well as the rest of the world. Second, after years of underinvestment, we are heading towards a period of a structural copper deficit, which means demand surpassing the supply.

The massive liquidity unleashed by central banks is also leading to fund flows into commodities. Copper is among the most prominent risk-on trades. Finally, as the world transitions from fossil fuels to green energy, the demand for copper is expected to rise.

The copper intensity in electric cars, as well as renewable energy generation, is higher than ICE (internal combustion engine) cars and nonrenewable energy generation, respectively. According to a study from the International Copper Association, copper usage in an ICE car is about 23 kilograms, while it's 83 kilograms for a battery-electric vehicle.

Diversified mining companies like BHP Billiton and Rio Tinto also produce copper. However, these companies aren't pure-play copper miners. The earnings from copper operations are a small part of their total earnings. Therefore, we should look at companies that get most of their earnings from copper.

Freeport-McMoRan (FCX) is the largest publicly-traded copper miner. Its mines are spread across the Americas. The company also operates the Grasberg mine in Indonesia, which is its most profitable mine.

Meanwhile, Freeport-McMoRan expects its copper sales to rise from 3.2 billion pounds in 2020 to 4.4 billion pounds by 2023. The company expects its gold sales, most of which come from the Grasberg mine, to double to 1.8 million ounces from the current levels. Its unit cash costs would also come down as the Grasberg mine ramps up operations.

Southern Copper (SCCO) prides itself as the lowest-cost copper miner globally. It produced 1 million metric tons of copper in 2020. However, Southern Copper expects its copper production to be below that level in 2021 and 2022. The company expects its copper production to recover to 1 million metric tons by 2023 and then gradually rise to 1.9 million metric tons by 2028.

While SCCO would miss the current spike in copper prices since its copper production is expected to be lower in 2021 and 2022, it's a good play on coppers long-term fundamentals. Its low-cost operations and strong balance sheet make it an attractive stock to invest in.

First Quantum Minerals is another copper miner with a rising production profile. It produced 778,911 metric tons of copper in 2020. The production is expected to rise gradually and the company expects to produce between 820,000 and 880,000 metric tons in 2023.

There arent any ETFs that only invest in copper mining companies. The United States Copper Index Fund (CPER) and the iPath Series B Bloomberg Copper Subindex Total Return ETN (JJC) give investors exposure to copper futures.

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