Copper Prices Trend Upwards Following Xi-Biden Talks - Seite 3

Capstone Mining Corp. (TSX:CS) received the final approvals from the US Forest Service,  extending the life of its Pinto Valley mine to the year 2039. With the extension plan for the mine, the company expects to produce 2.5 billion pounds of copper and preserve about 700 jobs in Gila County, Arizona. The plan to extend the mine was approved by the Tonto National Forest after a detailed evaluation of technical information and consultations with stakeholders.

Turquoise Hill Resources Limited (NYSE:TRQ) saw a 16% year-over-year increase in copper production in Q3 2021 from its Oyu Tolgoi mine. The mine generated 41,935 tons of copper placing the company well on track to achieving its production guidance for 2021. In addition to copper, the company produced 130,799 ounces of gold, generating a total revenue of $622.8 million for the quarter. The company has a production guideline for 150,000 to 180,000 tons of copper.

Copper will play an important role as the world moves towards clean energy and prices have started to reflect the growing demand for copper. With these developments, copper plays like Kutcho Copper stand to benefit investors.

DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above.  References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.