U.S. Markets closed

Nevada Copper Corp. (NEVDF)

Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
0.0720-0.0050 (-6.49%)
At close: 3:59PM EDT
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close0.0770
Open0.0800
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0666 - 0.0800
52 Week Range0.0666 - 0.2900
Volume1,059,942
Avg. Volume610,463
Market Cap95.372M
Beta (5Y Monthly)1.54
PE Ratio (TTM)N/A
EPS (TTM)-0.0230
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Nevada Copper Announces Appointment of Mike Ciricillo as Chief Executive Officer and Board Changes

    YERINGTON, Nev., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is pleased to announce the appointment of Mike Ciricillo as acting Chief Executive Officer. Appointment of Mike CiricilloMr. Ciricillo was previously the Head of Copper Industrial Operations for Glencore Plc, where he oversaw Glencore’s worldwide copper assets. Prior to Glencore, he has held a number of senior management roles during a 20-year tenure with Phelps Dodge and Freeport McMoRan, including as President of Tenke Fungurume Mining and General Manager of Miami Arizona Operations. Throughout his career Mr. Ciricillo has overseen numerous significant copper operations in the US and abroad.The board of directors is pleased to welcome Mr. Ciricillo to Nevada Copper and look forward to his leadership. His exceptional depth of experience in managing copper operations both underground and open pit, in the U.S. and internationally, will be invaluable as the Company advances through its ramp-up to steady-state production from its underground mine and advances its organic growth pipeline, including the Open Pit project.The board of directors would also like to thank Mr. Spencer for his commitment during this year and look forward to his ongoing involvement. Mr. Ciricillo will assume the role of acting CEO from Evan Spencer, effective October 26, 2020. The impact of the COVID-19 pandemic delaying the issuance work permits has restricted the ability for Mr. Spencer to relocate to Nevada. Mr. Spencer has played a crucial role in systems implementation, execution of the development plan and shaft completion over 2020, including managing the business through the impacts of the COVID-19 pandemic in Q2 2020 and culminating in the successful restart of copper production in August 2020. Mr. Spencer will remain actively engaged with Nevada Copper for an interim period, supporting in mine planning and the transition with Mr. Ciricillo.Mr. Ciricillo joins a maturing senior management team, with the recent appointments of Andre van Niekerk as Chief Financial Officer and Dale Ekmark as Chief Operating Officer (formerly Vice President at Detour Gold).Board ChangesThe Company is also pleased to announce that Kate Southwell has been appointed to the board of directors of Nevada Copper, replacing Phillip Day, who has stepped down from the board.Mr. Day has provided significant support to Nevada Copper through the design and construction phases of the Pumpkin Hollow underground mine, and his process engineering experience has been invaluable in supporting the commissioning of the Pumpkin Hollow processing facility. Ms. Southwell has over 15 years of experience as a legal professional and brings substantial knowledge and expertise in legal and commercial issues, including regulatory, sustainability and risk management matters at the time when the Company has become a copper producer. She is a currently a Vice President at Pala Investments, and has previously worked at Nyrstar and Shearman & Sterling.About Nevada CopperNevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.NEVADA COPPER CORP. www.nevadacopper.comFor further information contact: Rich Matthews, Investor Relations Integrous Communications rmatthews@integcom.us +1 604 757 7179

  • GlobeNewswire

    Nevada Copper Delivers Copper Concentrate and Provides Operations Update

    YERINGTON, Nev., Oct. 05, 2020 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company’’) is pleased to announce the resumption of deliveries of copper concentrate to its offtake partner following the restart of copper production in August 2020 at its Pumpkin Hollow Underground Mine and provide an update on the Company’s operations. Evan Spencer, Chief Executive Officer of Nevada Copper, stated:“We are pleased to have resumed concentrate deliveries from Pumpkin Hollow, following the restart of milling operations as planned in August. We continue to work towards steady-state production and are pleased that the Main Shaft remains on schedule for completion in November. We are also pleased to welcome Dale Ekmark as the Company’s Chief Operating Officer. Dale brings decades of mining experience to Nevada Copper that will help lead the Company to achieve top operational results.”Concentrate Delivery and Processing Plant RestartNevada Copper has completed its first concentrate delivery following the restart of milling operations as announced on August 24, 2020, following a temporary suspension of copper production due to impacts of the COVID-19 pandemic. This first shipment comprised 1,322 tons of concentrate. Since the restart, concentrate specifications have been compliant with offtake requirements and concentrate grade is consistent with plan. Concentrate deliveries remain ongoing and are planned to continue with increasing volumes. Concurrent with the concentrate delivery, the Company recommenced draws and repayments under its working capital facility.Mine DevelopmentCompletion of Main Shaft transition to its permanent production configuration remains on schedule for completion in November 2020. Completion of the Main Shaft is a key milestone following which increased hoisting rates will allow mining operations to ramp-up towards mill design capacity.The Company’s underground lateral development rates continue as planned and are on schedule. Ore grades encountered in ongoing development continue to reconcile well to resource model grades, and hoisted development ore grades have increased in line with the commencement of stope development.Initial Mine Planning Further to the August 6, 2020 update regarding geotechnical analysis of recent definition drilling in the Upper East South zone, the Company has elected to reduce the size of certain early stopes in a localized area where initial ramp-up ore is planned. The move to initial smaller stopes in this area is a prudent short-term measure to further reduce mining risk and does not affect the life of mine resource. Management is continuing to review cost impacts relating to initial smaller stopes.The Company continues to plan ongoing monthly increasing ore production rates with production of 5000tpd expected to be achieved during Q1 2021 rather than year end. Despite the slower ramp-up, the change to initially smaller early stope sizes is expected to provide the benefit of an increased number of stopes earlier in the ramp-up which contributes toward de-risking production.As a result of delays in certain expected cash receipts, including return of cash collateral under bonding arrangements and a lower initial draw under the working capital facility, Pala Investments Limited (“Pala”), the Company’s largest shareholder, has provided the Company with access to additional liquidity of up to US$8 million (the “Promissory Note”). The Company made an initial draw of US$4 million, with subsequent draws available at the Company’s option, subject to agreed use of proceeds. The Promissory Note has a maturity date of January 31, 2021 and bears interest at 8% per annum on amounts drawn. The negotiation and approval of the Promissory Note was supervised on behalf of the Company by the independent members of the Company’s board of directors.The estimated timing for completion of the ramp-up remains subject to revision based on impacts of the COVID-19 pandemic and other factors. As noted above, management continues its review to determine the additional costs expected to result from ongoing mine planning and the effect of smaller initial stopes on the ramp-up and will provide further updates as appropriate.Qualified Persons The information and data in this news release was reviewed by Greg French, C.P.G., and David Sabourin, P.E, for Nevada Copper, who are non-independent Qualified Persons within the meaning of NI 43-101.About Nevada CopperNevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.NEVADA COPPER CORP. www.nevadacopper.comEvan Spencer, President and CEOFor further information contact: Rich Matthews, Investor Relations Integrous Communications rmatthews@integcom.us +1 604 757 7179Cautionary LanguageThis news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate mine development plans and the expected results and costs thereof, future ore production rates, the expected timing of the ramp-up of the Company’s underground mine and plans in respect thereof, the availability of drawdowns under the Promissory Note, regulatory approvals with respect to the Promissory Note and future funding requirements.Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information are subject to known or unknown risks, uncertainties and other factors which may cause the actual results and events to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: the state of financial markets; regulatory approvals; the impact of COVID-19 on the business and operations of the Company; history of losses; requirements for additional capital and no assurance can be given regarding the availability thereof; dilution; adverse events relating to the restart of production, milling operations, construction, development and ramp-up, including the ability of the Company to address underground development issues; ground conditions; cost overruns relating to development, completion and ramp-up of the company’s underground mine; loss of material properties; interest rates increase; global economy; limited history of production; future metals price fluctuations; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates from management’s expectations and the difference may be material; legal and regulatory proceedings and community actions; the outcome of disputes with the Company’s contractors; accidents; title matters; regulatory restrictions; increased costs and physical risks relating to climate change, including extreme weather events, and new or revised regulations relating to climate change; permitting and licensing; volatility of the market price of the Company’s common shares; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those risks discussed in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2019 and in the section entitled “Risk Factors” in the Company’s Annual Information Form dated May 15, 2020. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. The forward-looking information and statements are stated as of the date hereof. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law.The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and information.

  • GlobeNewswire

    Nevada Copper Restarts Production

    YERINGTON, Nev., Aug. 24, 2020 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company’’) is pleased to announce that it has restarted its milling operations at its underground project at Pumpkin Hollow (the “Underground Project”). On August 20, 2020, the Company restarted its processing plant following temporary suspension of copper production due to impacts of the COVID-19 pandemic.  The plant restart and ramp up benefits from the processing plant’s initial consistent performance in the First Quarter.There are approximately 160,000 tons of stockpiled material at surface available for immediate processing. The stockpiled ore will be supplemented with additional development ore and subsequent stope ore hoisted via the East North Ventilation Shaft (ENVS). Material will continue to be hoisted from the ENVS until work on the Main Shaft has been completed. The Company remains on track for the commencement of Main shaft hoisting scheduled for Q4, 2020. “We are encouraged by the processing plant restart at our Pumpkin Hollow mine,” stated Evan Spencer, Chief Executive Officer of Nevada Copper. “Our full workforce has been mobilized and we have transitioned our operations back into production smoothly, picking up where we left off in Q1.  We look forward to executing our ramp-up plans and will report on progress in the coming months.”Nevada Copper’s priority during the COVID-19 pandemic is to safeguard the health and safety of the Company’s workforce, including by following government mandated directives.  The Company has implemented additional health and safety measures to address COVID-19 risks during the restart of the processing plant.  Other such measures have been implemented in connection with the ongoing mine development.Qualified Persons  The information and data in this news release was reviewed by Greg French, C.P.G., and David Sabourin, P.E, for Nevada Copper, who are non-independent Qualified Persons within the meaning of NI 43-101.About Nevada CopperNevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.NEVADA COPPER CORP. www.nevadacopper.comEvan Spencer, President and CEOFor further information contact: Rich Matthews, Investor Relations Integrous Communications rmatthews@integcom.us +1 604 355 7179Cautionary LanguageThis news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to plans for milling operations and mine development plans..Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information are subject to known or unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: the state of financial markets; regulatory approvals; the impact of COVID-19 on the business and operations of the Company; history of losses; requirements for additional capital; dilution; adverse events relating to construction, development and ramp-up, including the ability of the Company to address underground development and process plant issues; ground conditions; cost overruns relating to development, completion and ramp-up of the Pumpkin Hollow Underground Mine; loss of material properties; interest rates increase; global economy; no history of production; future metals price fluctuations; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates may differ from what is indicated and the difference may be material; legal and regulatory proceedings and community actions; the outcome of disputes with the Company’s contractors; accidents; title matters; regulatory restrictions; increased costs and physical risks relating to climate change, including extreme weather events, and new or revised regulations relating to climate change; permitting and licensing; volatility of the market price of the Company’s common shares; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those risks discussed in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2019 and in the section entitled “Risk Factors” in the Company’s Annual Information Form dated May 15, 2020. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. The forward-information and statements are stated as of the date hereof. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law.The Company provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.