Kupfer - aes cyprium aut nominatus cuprum

Nevada Copper starts precommissioning grinding circuit

Mr. Matt Gili reports

NEVADA COPPER PRE-COMMISSIONS GRINDING CIRCUIT; REMAINS ON TARGET TO ENTER PRODUCTION IN Q4, 2019

Nevada Copper Corp. has started precommissioning of the grinding circuit of the process plant at its Pumpkin Hollow underground copper project. Other recent milestones include completing the 120-kilovolt power line and stockpiling over 70,000 tons of development ore on surface. The company remains on target to commence production in the fourth quarter of 2019 and to complete within its project cost estimate.

Matt Gili, chief executive officer of Nevada Copper, stated: "We are now in the final stages before entering production in the fourth quarter of this year. I'm very proud of the team's consistently high performance during this incredibly busy period and I know we are all excited by the upcoming transition from developer to producer."

Construction progress update

The following milestones further prepare the company for commencing concentrate production in the fourth quarter of 2019. Further construction details, including upcoming work, can be viewed on the Nevada Copper blog:

• Precommissioning of the grinding circuit of the process plant has commenced.
• A 120-kilovolt power line is completed and energized to site.
• The first underground project definition drilling program has confirmed high-grade stope locations as per the resource model.
• Flow-through ventilation has been established between the 2850 and 2770 levels.
• Over 70,000 tons of development ore have now been stockpiled on surface.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aNCU-2817541

....Lassen Sie es mich einmal so ausdrücken: Wenn ich jedes Mal 100 Euro bekommen hätte, wenn mir jemand erzählt hat, dass der Kupferpreis wegen eines Angebotdefizits steigen wird, dann hätte ich ein schönes Nebeneinkommen. Tatsächlich bin auch ich mittel- bis langfristig bullish für den Kupferpreis. Tatsache ist jedoch, dass Kupfer in den vergangenen Monaten nichts gemacht hat, was ein bullishes Bild untermauern würde. Und solange Kupfer unter der Marke von 6.400 Dollar je Tonne notiert, gibt es in meinen Augen auch keinen Grund, in das Industriemetall einzusteigen. Die Story ? die Nachfrage steigt, das Angebot sinkt ? ist seit vielen Monaten, eigentlich schon Jahren bekannt. Und was hat sie dem Kupferpreis gebracht?

https://www.deraktionaer.de/artikel/aktien/...0192585.html?feed=ariva

Der Kupferpreis hat im September seine Unterstützungszone bei 2,55 Dollar getestet und befindet sich inzwischen wieder an seinem kurzfristigen Abwärtstrend. Bei einem Überwinden ist mit einem schnellen Anstieg in Richtung 2,70 Dollar zu rechnen. Gleichwohl sollte die Unterstützungszone nicht aus den Augen verloren werden. Risikosensible Investoren setzen einen Stoppkurs bei 2,47 Dollar.

Fazit

Im Kupfermarkt ist die globale Wachstumsverlangsamung spürbar. Eine substanzielle Störung der chilenischen Kupferproduktion durch die sozialen Spannungen im Land würde diesen Einfluss bei Weitem überwiegen, zumal der Kupfermarkt mit einem weiter steigenden Angebotsdefizit zu rechnen hat. Investoren sollten deshalb mit der Möglichkeit eines stärkeren Aufwärtsimpulses rechnen, die charttechnische Unterstützung bei 2,47 Dollar aber ebenfalls nicht aus den Augen verlieren. 

https://www.berneckerresearch.de/Kupfermarkt-im-Stress-221019

https://www.mining.com/wp-co'r-price-surge-could-last.jpg

www.mining.com

Copper was also buoyed by an improvement in sentiment among large-scale investors in copper futures like hedge funds and a drawdown of stocks, a note from Capital Economics on Thursday points out.

https://www.mining.com/...his-time-the-copper-price-surge-could-last/

Nevada Copper Commences Production at Pumpkin Hollow

Nevada Copper Corp. (TSX: NCU) (?Nevada Copper? or the ?Company??) is pleased to announce that production has now commenced at Pumpkin Hollow?s processing plant in Yerington, Nevada.

News Highlights

• Copper production has commenced¹;
• First shipment of concentrate and first revenues expected in coming weeks; and
• Ramp-up to full scale commercial production at the Pumpkin Hollow underground mine underway through H1, 2020.

Underground Project Highlights²

• Strong and growing production profile: 65 million lbs of annual copper equivalent production³ with material further expansion potential;
• Low operating costs: Following ramp-up, projected all-in sustaining costs of US$1.86/lb⁴;
• Long life with significant resource growth: Current mine life of 13.5 years of reserves, with a further 636 million lbs of inferred resources;
• Strong environmental and social stewardship in low-risk jurisdiction: Nevada rated as world number one mining jurisdiction by Fraser Institute; strong community ties and best practice environment protections including dry stack tailings;
• Exceptional organic growth profile: Clear path for ongoing growth through open pit project and advanced-stage regional exploration targets across large land package; and
• Strategic positioning through first mover advantage: Pumpkin Hollow hosts the only processing facility in a substantial re-emerging copper district.

Pumpkin Hollow Videos

• A time lapse video showing the construction of the processing plant can be viewed here.
• A video of the processing plant in action can be viewed here.

Matt Gili, Chief Executive Officer of Nevada Copper, stated ?I am delighted that Pumpkin Hollow has commenced concentrate production, making it the first new copper producer in the US in over a decade. This is a transformational moment for Nevada Copper, and I want to thank our team, construction and finance partners for their dedication throughout this process. Considering the construction decision was made only sixteen months ago, it is a remarkable achievement to have reached this point on schedule and it speaks to the commitment of our team and the support of our shareholders and stakeholders.?

?Commencement of production is monumental for Nevada Copper, but is just the first key milestone for the Company,? Gili added. ?Pumpkin Hollow has multiple avenues for growth, including an advanced-stage, large-scale open pit project and our significant regional exploration targets.?

Qualified Persons
The information and data in this news release was reviewed by David Swisher, P.E., SVP of Operations for Nevada Copper, who is a non-independent Qualified Person within the meaning of NI 43-101

https://www.minenportal.de/...-Production-at-Pumpkin-Hollow%20target=