Over the 27-year project life, annual production would reach 163 million lb. copper, 211,000 oz. gold, 1.28 million oz. silver and 15.1 million lb. molybdenum.

More than 60% of ancestral Shuar territory, spread over 568,000 acres, is covered by mining concessions.

The S&P/TSX Composite Materials Index is now negative for the year after peaking in mid-April.

Given the transition of operations activities to an interim development focused plan, the company says additional financing will be required.

KZK is expected to produce an estimated annual average of 14,400 tonnes of copper, 106,800 tonnes of zinc and 25,300 tonnes of lead concentrates.

In recent years the uptick in the price of precious metals has reinforced their reputation as a store of value and leading drivers of mining activity around the world.

The proposed Eskay Creek gold-silver project in Tahltan Territory will be the first mining project to have permits authorized by an Indigenous Government.