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.
Nevada Copper Announces Appointment of Mike Ciricillo as Chief Executive Officer and Board Changes Email Print Friendly Share 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.
For further information contact: Rich Matthews, Investor Relations Integrous Communications rmatthews@integcom.us +1 604 757 7179
Related Articles More articles issued by Nevada Copper Corp. More articles related to: 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.
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