Page 3 - Underground Project News Today

    Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the "Funding Plan") for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion[1], building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 ...

2021 Guidance Highlights Copper production guidance of 70 to 80 million pounds. Gold production costs guidance of $475 to $525 per ounce. All-in sustaining costs on a by-product basis NG guidance of $850 to $900 per ounce is higher than 2020 primarily due to Kumtor processing lower grade material from its stockpiles on surface. All-in costs on a by-product basis NG guidance of $1,175 to $1,230 per ounce. Total capital spending guidance of $430 to $480 million including capitalized stripping i...

Nevada Copper Corp. (TSX: NCU) ( Nevada Copper or the Company ) provides a corporate and operations update for the underground mine at its Pumpkin Hollow project (the Underground Project ). Shaft Commissioning and Hoisting Following completion of the main shaft material handling system, the Company achieved a peak daily hoisting rate of over 3,000 tons in February, and has achieved a hoisting rate equivalent to 5,000 tons per day on a shift basis. Despite the improving hoisting...

All amounts herein are in United States Dollars unless otherwise indicatedYERINGTON, Nev., Feb. 19, 2021 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) provides a corporate and operations update for the underground mine at its Pumpkin Hollow project (the “Underground Project”). Operations Update Shaft Commissioning and Hoisting Following completion of the main shaft material handling system, the Company achieved a p...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Nevada Copper Announces Further Ramp-Up Progress & Closing of Credit Facility Increase Nevada Copper Corp.January 7, 2021 GMT YERINGTON, Nev., Jan. 06, 2021 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (OTC:NEVDF) (“Nevada Copper” or the “Company”) is very pleased to announce a steady increase in performance from the Pumpkin Hollow underground project (the “Underground Project”). Pe...