Gunnison Copper (TSX: GCU) is officially a copper producer. The company this morning confirmed that the first production of copper cathode has occurred at their Johnson Camp Mine in southeastern Arizona.
The first copper was reportedly produced on site in the last week of August following the successful start-up of the solvent extraction and electrowinning circuit.
With the restart of mining now complete, Gunnison will focus on the ramp up of operations. Once operating at capacity, the Johnson Camp Mine is expected to produce 25 million pounds of finished copper cathode annually.
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“This is an incredible moment for Gunnison and for U.S. copper supply. To bring Johnson Camp into production ahead of schedule [..] Even more exciting is that we are now producing 100% American-made copper at a time when our nation needs it most,” commented Stephen Twyerould, CEO of Gunnison.
The restart of copper production at the Johnson Camp Mine follows Gunnison entering into a strategic arrangement with Nuton LLC, which is a subsidiary of Rio Tinto. Nuton has the exclusive right to use proprietary leaching tech on site that is said to be more sustainable and economically viable than current copper leaching technology, and in exchange, Nuton fully funded the Johnson Camp Mine.
Gunnison Copper last traded at $0.26 on the TSX.
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