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Florence copper mine must triple output to hit Trekor target: CEO
['Northern Miner Staff']
MINING.COM
The world’s first in-situ copper recovery (ISCR) operation, located just over 100 km southeast of Phoenix, produced 6.7 million lb.
To reach this year’s target of 30 million to 35 million pounds, Florence must deliver another 23.3 million to 28.3 million pounds.
Gibraltar supportGibraltar gives Trekor cash and operating cover during the Florence ramp.
and remains on track to produce 110 million to 115 million lb.
Strong Gibraltar production and higher copper prices helped Trekor generate $133 million (C$183.4 million) in second-quarter operating cash flow.