- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Kerr Mines: Restarting the Fully-Permitted High-Grade Copperstone Gold Project
Kerr Mines Inc. (TSX:KER) has launched its campaign on the Investing News Network’s resource channel.
Kerr Mines Inc. (TSX:KER) has launched its campaign on the Investing News Network’s resource channel.
Kerr Mines is an American gold producer working to restart production at its high-grade Copperstone gold mine in Arizona. The Copperstone project is wholly-owned by Kerr Mines and is fully-permitted in the state of Arizona, an area that frequently ranks among the world’s most attractive mining jurisdictions. In January 2020 Kerr Mines received a Decision of Record approving the Mining Plan Of Operation at Copperstone, a significant milestone in the permitting process.
The company now believes it is on track to begin production within 12 months subject to the finalization of a project funding package. In February 2020 Kerr Mines announced it had a USD$25 million project funding package in place with Sprott Private Resource Lending LP. The agreement is subject to Kerr Mines achieving a defined project milestone in 2020.
Kerr Mines’ company highlights include the following:
- Fully-permitted, near-production gold mine in premiere mining jurisdiction of Arizona.
- Existing mine infrastructure representing over US$80 million of value reduces capital for the restart of operation to less than US$20 million.
- Aiming to commence commercial gold production at a rate of 600 tpd to produce up to 40,000 ounces of gold within 12 months of concluding a project funding package.
- Advanced metallurgical testing program with plus 95 percent recovery.
- Considerable resource and reserve upside to further optimize project economics and mine life.
- Commencing Phase 2 of well-funded resource expansion and exploration program.
- Management with proven technical expertise in optimizing mines and achieving profitability.
- Tight share structure with 35 percent held by directors and insiders; 36 percent held by family offices and funds.
Click here to connect with Kerr Mines Inc. (TSX:KER) and to request an investor presentation.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.