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Nevada Copper - Pumpkin Hollow Project Extract -
Gold will benefit from gov't stimulus, but copper could run further
Michael McCrae
Friday October 23, 2020 18:24
Kitco NewsShare this article:
The Democrats stimulus plan will be postive for gold, but it will be extremely positive for copper, said John Thomas Steen, associate professor at the University of British Columbia's mining school.
On Friday Steen joined Kitco Roundtable to discuss stimulus, renewables and the electrification of everything, and the knock on affect on metals, chiefly copper and nickel. Steen was joined by correspondent Paul Harris; editor Neils Christensen; and mining audiences manager, Michael McCrae. Republican and Democrat leadership are negotiating COVID-19 stimulus package in excess of $2 trillion. President Biden is ahead in the polls, which could tilt the eventual stimulus to policy goals favored by Democrats.
"A Biden win is extremely positive for copper. The estimated cost of preparing the electricity grid in the U.S. ... is about a trillion dollars. That's a huge stimulus, but it's a wicked amount of copper," said Steen.
Steen argues that the whole story of battery material demand seems to be driven by cars and Tesla, but that misses a larger picture.
"In the mining space, we have to look beyond the cars. Cars are getting a lot of attention [due] to the magnetism and charisma of Elon Musk, but there's a much, much bigger story here. It's the electrification of everything."
Steen notes that China plans to use its stimulus to decarbonise, and 4,000 tonnes of copper are needed to produce enough solar panels for 1GW of electricity.
Big miners like Rio Tinto and BHP Billiton are preparing for future copper demand. In the spring the number two gold miner, Barrick Gold, said it is on the hunt for copper deals. Earlier this week Newmont's Tom Palmer told Reuters that copper will account for up to one-fifth of the metal produced by the end of the decade given its current project pipeline.
Copper is currently trading at a two-year high.
By Michael McCrae
For Kitco News
Contact mmccrae@kitco.com
www.kitco.com
Nevada Copper Corp Ord TSX:NCU Alternate Symbol(s): NCU.W | NEVDF
PRESENTATIONS
https://nevadacopper.com/investors/presentations/
https://nevadacopper.com/investors/videos/
https://nevadacopper.com/
https://nevadacopper.com/projects/photos/surface-works-photos/
Gold & Silver bulls starting to break out > ^ > ^ > ^
Comparing Taseko and NCU - Especially the (circled) lows of 2009
Back in July here (whilst at .65)....T'was one of the best chart setups I'd ever seen ! (because of the above-circled lows)
T'was somewhat similar to what Sherritt is looking like now :
Altho, as can be seen ; Once long-term support levels fail to hold.....One could be careening towards some long-term pain
I suspect that that's gonna be the case with Nevada - (that it's gonna do what Sherritt did when their $2 failed to hold)
Well, it's quite a chart / story, that's for sure.
Oct 21st :
My goodness......Why there ain't nuttin' purdy about THIS chart !
2003
Down 14 % today ?
And we've been catchin' it the second / the instant it's been happening......High today here has been 3.17
Any mention in that article of the dollar getting crushed lately ? Especially maybe even today ?....
No time to read it - am off to a Doc's appt....Thanks tho- I'll catch it (them) later
So we got a global shortage, General Motors going electric and a vulnerably weak US Dollar ?......
Do we have any 60 year charts of copper ?
This is from a couple of months ago (since then it's broken out with today as further evidence)
How's about NICKEL - What's IT doin' lately ?.....This is from a month ago - Just broke out today to a fresh 1 year high
The Battewry Metals is a sector that pple can go ga-ga over so.....
Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”)
YERINGTON, Nev., Oct. 15, 2020 (GLOBE NEWSWIRE) --
Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is pleased to announce the appointment of Mike Ciricillo as acting Chief Executive Officer.
https://www.globenewswire.com/news-release/2020/10/16/2109627/0/en/Nevada-Copper-Announces-Appointment-of-Mike-Ciricillo-as-Chief-Executive-Officer-and-Board-Changes.html
Nevada Copper Announces Appointment of Mike Ciricillo as Chief Executive Officer and Board Changes
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October 15, 2020 20:45 ET | Source: Nevada Copper Corp.
YERINGTON, Nev., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is pleased to announce the appointment of Mike Ciricillo as acting Chief Executive Officer.
Appointment of Mike Ciricillo
Mr. Ciricillo was previously the Head of Copper Industrial Operations for Glencore Plc, where he oversaw Glencore’s worldwide copper assets. Prior to Glencore, he has held a number of senior management roles during a 20-year tenure with Phelps Dodge and Freeport McMoRan, including as President of Tenke Fungurume Mining and General Manager of Miami Arizona Operations. Throughout his career Mr. Ciricillo has overseen numerous significant copper operations in the US and abroad.
The board of directors is pleased to welcome Mr. Ciricillo to Nevada Copper and look forward to his leadership. His exceptional depth of experience in managing copper operations both underground and open pit, in the U.S. and internationally, will be invaluable as the Company advances through its ramp-up to steady-state production from its underground mine and advances its organic growth pipeline, including the Open Pit project.
The board of directors would also like to thank Mr. Spencer for his commitment during this year and look forward to his ongoing involvement. Mr. Ciricillo will assume the role of acting CEO from Evan Spencer, effective October 26, 2020. The impact of the COVID-19 pandemic delaying the issuance work permits has restricted the ability for Mr. Spencer to relocate to Nevada. Mr. Spencer has played a crucial role in systems implementation, execution of the development plan and shaft completion over 2020, including managing the business through the impacts of the COVID-19 pandemic in Q2 2020 and culminating in the successful restart of copper production in August 2020. Mr. Spencer will remain actively engaged with Nevada Copper for an interim period, supporting in mine planning and the transition with Mr. Ciricillo.
Mr. Ciricillo joins a maturing senior management team, with the recent appointments of Andre van Niekerk as Chief Financial Officer and Dale Ekmark as Chief Operating Officer (formerly Vice President at Detour Gold).
Board Changes
The Company is also pleased to announce that Kate Southwell has been appointed to the board of directors of Nevada Copper, replacing Phillip Day, who has stepped down from the board.
Mr. Day has provided significant support to Nevada Copper through the design and construction phases of the Pumpkin Hollow underground mine, and his process engineering experience has been invaluable in supporting the commissioning of the Pumpkin Hollow processing facility. Ms. Southwell has over 15 years of experience as a legal professional and brings substantial knowledge and expertise in legal and commercial issues, including regulatory, sustainability and risk management matters at the time when the Company has become a copper producer. She is a currently a Vice President at Pala Investments, and has previously worked at Nyrstar and Shearman & Sterling.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
NEVADA COPPER CORP.
http://www.nevadacopper.com
For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179
Related Articles
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Directors and Officers
Nevada Copper slows Pumpkin Hollow ramp-up
6TH OCTOBER 2020
BY: MARIAAN WEBB
CREAMER MEDIA DEPUTY EDITOR ONLINE
The main shaft at Pumpkin Hollow copper mine, in Nevada, will be
completed next month, which will increase hoisting rates and allow for
mining operations to ramp up towards mill design capacity.
The underground mine will ramp up to production rates of 5 000 t/d in
the first quarter of 2021, Toronto-listed Nevada Copper reported on
Monday.
The company targeted 5 000 t/d by the end of 2020, but said that it had
elected to reduce the size of certain early stopes in a localised area
where initial ramp-up ore was planned in what it described as a
“prudent” measure to reduce mining risks.
The move to initial smaller stopes would slow ramp-up, but it would not
have an impact on the life-of-mine resource, Nevada Copper said
“Despite the slower ramp-up, the change to initially smaller early stope
sizes is expected to provide the benefit of an increased number of
stopes earlier in the ramp-up which contributes toward de-risking
production.”
The copper miner also reported that it had resumed concentrate
deliveries from its Pumpkin Hollow mine. Production restarted in August
following a Covid-19-related suspension earlier in the year. This first
shipment comprised 1 322 t of concentrate.
Futher, Nevada Copper announced Dale Ekmark as the COO.
https://www.miningweekly.com/article/pumpkin-hollow-main-shaft-to-be-completed-next-month-2020-10-06
Investment Banks Are Very Bullish; Copper Purchases Surge to Record High
230 views•Sep 18, 2020
Financial Sense
4.07K subscribers
) ) ) ) 
Nevada Copper slows Pumpkin Hollow ramp-up
6TH OCTOBER 2020
BY: MARIAAN WEBB
CREAMER MEDIA DEPUTY EDITOR ONLINE
The main shaft at Pumpkin Hollow copper mine, in Nevada, will be
completed next month, which will increase hoisting rates and allow for
mining operations to ramp up towards mill design capacity.
The underground mine will ramp up to production rates of 5 000 t/d in
the first quarter of 2021, Toronto-listed Nevada Copper reported on
Monday.
The company targeted 5 000 t/d by the end of 2020, but said that it had
elected to reduce the size of certain early stopes in a localised area
where initial ramp-up ore was planned in what it described as a
“prudent” measure to reduce mining risks.
The move to initial smaller stopes would slow ramp-up, but it would not
have an impact on the life-of-mine resource, Nevada Copper said
“Despite the slower ramp-up, the change to initially smaller early stope
sizes is expected to provide the benefit of an increased number of
stopes earlier in the ramp-up which contributes toward de-risking
production.”
The copper miner also reported that it had resumed concentrate
deliveries from its Pumpkin Hollow mine. Production restarted in August
following a Covid-19-related suspension earlier in the year. This first
shipment comprised 1 322 t of concentrate.
Futher, Nevada Copper announced Dale Ekmark as the COO.
https://www.miningweekly.com/article/pumpkin-hollow-main-shaft-to-be-completed-next-month-2020-10-06
Investment Banks Are Very Bullish; Copper Purchases Surge to Record High
230 views•Sep 18, 2020
Financial Sense
4.07K subscribers
) ) ) ) 
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