Copper Prices Trend Upwards Following Xi-Biden Talks - Seite 2

"The Feasibility Study represents a major milestone for Kutcho Copper as we continue to advance the high-grade Kutcho copper-zinc project towards a development decision," said President & CEO of Kutcho Copper Vince Sorace.

"The results of the Feasibility Study highlight the attractive economics of the Kutcho project which are resilient at lower metal prices, very attractive at base case prices and exhibit significant leverage to rising prices as reflected in spot metal prices with a C$931 million after-tax NPV of 7% and a 41% IRR. We believe that the results of the Feasibility Study mean that Kutcho Copper is now one of the most undervalued copper investment opportunities in North America," he added.

In addition to the mining operation, Kutcho has an extensive reclamation program involving backfilling the open pits and water treatment initiatives. The company also aims to reduce carbon emissions related to the project by using natural gas in place of diesel for power generation.

In October, Kutcho also outlined potential open pit and underground resource expansion targets for 2022 that reach beyond those included in the feasibility study. The company is currently assessing plans to aggressively test these priority targets in 2022, which have the potential to enhance the size and scale of the project.

For more information on Kutcho Copper (TSXV:KC) (OTCQX:KCCFF), click here.

Significant Revenues and Growth for Copper Mining Companies

For the twelfth consecutive year, Teck Resources Limited (TSX:TECK) (TSX:TECK.B) has once again been ranked first in the Metals and Mining industry by the S&P Dow Jones Sustainability World Index. The company continues to emphasize its commitment to environmental sustainability and social responsibility. Following the announcement, the company has made a $250,000 donation to the Canadian Red Cross, and the British Columbia Society for the Prevention of Cruelty to Animals to support the evacuation and support of people and livestock in the flood-affected areas in BC.

Southern Copper Corporation (NYSE:SCCO) saw a 25.9% increase in revenue in Q3 2021 compared to Q3 2020 following the rise in metal prices. The company generated $2,680.9 million in net sales. While Southern Copper saw a slight decrease in copper production, it still expects to produce 957,000 tons of copper in 2021.