Ivanhoe Electric's Santa Cruz copper project PFS shows pre-production capital rising 15% to $1.43 billion, though NPV increased to $1.5 billion. The study includes a redesigned access tunnel and a copper price assumption of $4.75/lb, resulting in a 19% IRR and a 4.8-year payback.
Ivanhoe Electric released a new Pre-Feasibility Study (PFS) for the Santa Cruz copper project in Arizona. While the project's NPV increased to $1.5 billion, capital costs rose by 15% to $1.43 billion and the IRR slipped to 19%, causing the stock to fall.
Ivanhoe Electric announced the results of its 2026 Preliminary Feasibility Study for the Santa Cruz Copper Project in Arizona, confirming strong economics with an after-tax NPV8% of $1.5 billion (base case) and $3.5 billion (spot case), and after-tax IRRs of 18.7% and 30% respectively. The study outlines initial capital of $1.43 billion, life-of-mine C1 cash costs of $1.47/lb copper, and a 24-year mine life with 92.3% copper recovery. The project, located on 100%-owned private land, is advancing with permitting and initial development, targeting first copper cathode production in 2029, and includes significant additional mineral resources for future expansion.
Gunnison Copper Corp. has been recognized by the Governor of Arizona for job creation at its Johnson Camp Mine, which has secured US$2.0 million in refundable tax credits. The company is currently producing copper cathode at Johnson Camp and continues to advance the Gunnison Project.
Prismo Metals has completed its 2026 surface reconnaissance program at the Silver King project in Arizona, significantly expanding the mapped potassic alteration zone. The results, combined with previous Phase 1 drilling, support a geological model for a deep-seated porphyry copper system.
Gunnison Copper Corp. has achieved commercial production at its Johnson Camp Mine in Arizona, following record copper cathode production of 1.3 million pounds in August 2026. The company is currently ramping up operations toward a nameplate capacity of 25 million pounds of copper cathode per year.
Barksdale Resources announced final assay results from its Spring 2026 drill program at the Sunnyside property, confirming broad porphyry-style copper-molybdenum mineralization. Key intercepts include 102.1m of 0.19% Cu in SUN26-018R and 21.3m of 0.20% Cu in SUN26-021R, extending mineralization to the northwest and southeast. The company plans an 8,000-meter diamond drill program and ZTEM survey for Fall 2026 to test deeper targets and define a mineral resource, following up on the successful RC program.
Prismo Metals has completed a surface reconnaissance program at the Silver King project in Arizona, mapping a 2.1 x 2.4 km alteration system. The results show classic porphyry zoning, including potassic, phyllic, and propylitic zones, suggesting a significant copper-gold-molybdenum system at depth.
Prismo Metals has completed a surface reconnaissance program at the Silver King project in Arizona, significantly expanding the mapped alteration system and identifying porphyry-style veinlets. The results, combined with previous Phase 1 drilling, support a model for a deep-seated porphyry copper system located near the Resolution Copper project.
Gunnison Copper has submitted an amendment to its Mined Land Reclamation Plan for the Gunnison Project in Arizona, with approval expected by year-end 2026. The company outlined a permitting roadmap targeting full approvals by mid-2028 to enable a Final Investment Decision. The project is supported by a significant copper resource and a recently completed PEA.
