- Write by:
-
Monday, February 22, 2021 - 12:42:15 PM
-
589 Visit
-
Print
Mining News Pro - The Pumpkin Hollow underground mine, in the US, is experiencing delays, Toronto-listed Nevada Copper reported on Friday, stating that steady state production of 5 000 t/d of ore would be deferred from mid-year to the third quarter.
The company said mechanical issues and other incidents in the main shafts had led to the delays, which resulted in lower-than-expected ore production in 2021.
Average hoisting rates for February to date were about 1 600 t/d, compared with the planned 3 000 t/d.
Nevada Copper state that retrofitting work to resolve these issues would be completed in the coming weeks.
“As a result of the shaft delays, and delayed upgrade of the underground electrical and ventilation systems, production of copper concentrates during the first half of 2021 is expected to be significantly lower than planned,” the miner said.
Milling throughput, however, performed well at an average of about 3 100 t/d in 2021, with a peak of 4 000 t/d.
“We are pleased with the continued improvements of the milling operations and the peak hoisting numbers achieved this month,” stated Nevada Copper CEO Mike Ciricillo.
“We look forward to completing upgrades to the main shaft in the coming weeks and the resulting increases in hoisting and production.”
The 5 000 t/d underground mine will produce about 60-million pounds of copper in the first five years of operations, as well as 9 000 oz of gold and 173 000 oz of silver.
Over the underground project’s 13.5-year mine life, it will average 50-million pounds of copper a year, 8 000 oz/y of gold and 15 000 oz/y of silver.
Short Link:
https://www.miningnews.ir/En/News/611535
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
Peru’s Las Bambas copper mine, owned by China’s MMG, is facing renewed blockades of a key transport route after failed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Copper traded near a 15-month high as supply concerns and brighter demand prospects triggered a slew of bullish calls on ...
Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter ...
No comments have been posted yet ...