Nevada Copper Corp. has commenced production at Pumpkin Hollow’s processing plant in Yerington, Nevada. The first shipment of concentrate and first revenues are expected in the coming weeks.
Ramp-up to full-scale commercial production at the Pumpkin Hollow underground mine will be under way through the first half of 2020.
The company said the project has a strong and growing production profile of 65 million pounds of annual copper equivalent production with further expansion potential. The current mine life is 13.5 years of reserves, with a further 636 million lbs of inferred resources.
“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,” Matt Gili, CEO of Nevada Copper, said. “Considering the construction decision was made only 16 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. Pumpkin Hollow has multiple avenues for growth, including an advanced-stage, large-scale open-pit project and our significant regional exploration targets.”