US Copper’s updated PEA estimates after-tax NPV of over $1bn
The study envisions a mine life of 14 years, producing 903,000 tonnes of copper, plus 12 million oz. of silver and 63,000 oz. of gold.
Copper advanced the most in more than two weeks in New York after record holiday sales in the U.S., the world’s second-biggest consumer of the metal, fuelled optimism demand will remain steady, reports Bloomberg.
Copper also gained as the euro climbed against the dollar after German Finance Minister Wolfgang Schaeuble urged fast-track treaty changes to tighten budget discipline.
Copper has been dropping steadily due to economic instability and signs of slowing in China.
