Three Valley Copper Reports 2021 Second Quarter Results morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
TORONTO, Aug. 19, 2021 (GLOBE NEWSWIRE) (TSXV: TVC) – Three Valley Copper Corp. (“TVC” or the “Company“, formerly SRHI Inc.) today announced its operating…
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Offering ) including the full exercise of the over-allotment option totaling CAD$11.5 million
Transitioned listing and trading from the TSX to the TSXV
Operations
Copper cathode production was 900 tonnes at an average grade of 0.57% compared to 1,484 tonnes at an average grade of 0.82% in Q1 2020 as the restart of the Don Gabriel open pit (
Don Gabriel ) ramped up during Q1 2021
Achieved cash cost per pound produced
1 of $2.28 compared to annual guidance of $2.60 to $2.90
Incurred capital expenditures of $2.8 million related to the construction and development of the incline block caving mine at the Papomono Masivo deposit, consistent with annual guidance of $12 - $15 million - construction continues and is approximately 30% complete, remaining on schedule and on budget targeting commercial production by early 2022