Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Nevada Copper has begun remobilisation of production at its Pumpkin Hollow mine in Yerington, Nevada, according to June 16 statement. The company aims to resume production at full-scale in August, in time for the third fiscal quarter.

Pumpkin Hollow, which has a refined copper production capacity of 30,000mtpa, has been shut since April 6 this year by order of the Nevada state authorities. Initial estimates of a 6-week shutdown have now been in force since the past 2.5 months. 

The mine is worth an estimated $250mn and is reckoned to have 5.9mn mt of copper reserves. Pala Investments has agreed to loan the company $5.5mn to cover existing cash flow needs. Nevada Copper also begun an expansion of 680 acres along the east boundary. 

The company said it had 114,000mt of copper ore ready for processing and aims to produce 22,679mtpa in the mine’s 13 year life.


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