Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent

Frontera Copper Corporation

Publié le 24 avril 2007

OPERATIONS AND CORPORATE UPDATE

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Copper | G Mexico | K Street |
======================================================================
Re: News Releases - Tuesday, April 24, 2007
FRONTERA COPPER OPERATIONS AND CORPORATE UPDATE
======================================================================

Toronto, ON -- April 24, 2007 -- Frontera Copper Corporation (FCC: TSX,
FCC.NT, FCC. NT.A: TSX) is pleased to report on recent corporate and
operations activity.

On April 19th an inaugural ceremony was held at the Piedras Verdes
operation to recognize the completion of construction, commissioning
and ramp up toward full production. Distinguished guests representing
the Federal and State Governments of Mexico, the Canadian Ambassador to
Mexico, other mining companies, contractors and employees of Cobre del
Mayo attended the ceremony.

The company is pleased to report that during the week of the
inauguration celebration, cathode copper production reached an average
daily rate of 87.5 metric tons, or 99.0% of design capacity, including
a peak 24 hour plating rate of 91.8 tonnes (104% of total plating
capacity). Full production can be expected to be announced once these
rates have been sustained over an appropriate period of time.

These performance levels are the result of the success of the
adjustments made in the heap leaching process and the regular placement
of fresh ore under leach. The average PLS grade for April to date is
approximately 1.90 g/l and the average PLS flow to the SX plant over
the same period has averaged 1,803 cubic meters per hour. Ore is being
placed on the heap leach pad in lifts of five meters (previously 10
meter lifts). To accelerate copper dissolution and improve solution
grade, approximately two thirds of the ultimate acid application is
being applied by pre-soaking the ore with a strong solution of sulfuric
acid prior to rinsing it with normal raffinate solutions.

Phases 2A and 2B of leach pad area are nearly complete and ore
placement has begun. Pre-soaking with acid will begin in mid-May, once
the construction of the second PLS pond and pumping station has been
completed. These construction projects are included in the
approximately $30 million 2007 capital estimate.

"I am very pleased with the progress that our operation has made in
recent weeks," says Gary Loving, President and CEO Frontera Copper
Corporation. "Each mine has its unique challenges, and generating the
solution to allow filling of the plant to capacity represents the final
step in completing the project. Our focus will now be to continue to
improve the efficiencies and costs of the operation while evaluating
further opportunities to improve shareholder value."

The company recently completed the limited hedging program, adopted to
ensure that sufficient revenues are generated from its copper cathode
sales over the next two years to cover certain known financial
obligations. For the total program, the Company has placed contracts
for 30,575 metric tons of copper at an average price of $2.85 per pound
over the 24-month period from March 2007 through February 2009. The
average monthly prices received range from a high of $3.11 in May 2007
to a low of $2.58 in February 2009.

The upcoming financial obligations include the repayment of the debt
currently issued as free trading notes and planned sustaining capital
expenditures. The program provides that the Company may hedge up to 50%
of its forecasted production over a two-year period, which would
represent about 7% of the recoverable copper contained in the present
13 year mine plan.

The company is also very pleased to announce the appointment of Mr. Tim
J. Swendseid as Vice President of Engineering of Frontera Copper
Corporation. Mr. Swendseid has over twenty years of underground and
open pit experience in various management, supervisory and engineering
roles with Phelps Dodge Mining Company (a subsidiary of
Freeport-McMoRan Copper & Gold Inc.) and Asarco Inc. Most recently he
was the Director of Mining of Phelps Dodge's North American One Mine
organization. Previously, he worked at Phelps Dodge operations in
Arizona and Chile. Mr. Swendseid holds a Bachelor of Science degree in
mining engineering from the Montana College of Mineral Science and
Technology and an MBA from the Eller Graduate School of Management,
University of Arizona. He is a Licensed Professional Engineer in
Arizona and Idaho, a Registered Member of SME and a Member in the
Instituto de Ingenieros de Minas de Chile.

Annual General Meeting

Frontera Copper will hold its Annual General Meeting on June 27, 2007
at 3:00 p.m. The meeting will be held in Toronto at The Dominion Club
"Melinda Gallery," One King Street West.

About Frontera Copper

Frontera Copper is a Canadian mining, development and exploration
company whose principle activity is the production of copper cathode
from the Piedras Verdes run-of-mine heap-leach copper operation in
Sonora, Mexico. Production commenced in October, 2006 and is expected
to reach the operations' full annual production capacity of 70 million
pounds of copper cathode in 2007. A total of 942 million pounds of
copper is projected to be produced during the 18-year life of the
operation. Existing resources and prospective exploration targets
adjacent to the main open-pit have the potential to extend the life of
the project.

For further information, please see Frontera Copper's website at
www.fronteracopper.com or contact:

Ann Gibbs
Manager of Investor Relations
Tel.: 416 350-5132
Toll-free: 888 323-0973
Email: ann@fronteracopper.com

Dave Peat
Chief Financial Officer
Tel.: 602 667-3202
Email: dave.peat@fronteracopper.com

Information in this news release that is not current or historical
factual information may constitute forward-looking information or
statements within the meaning of applicable securities laws. Implicit
in this information, particularly in respect of statements as to future
operating results and economic performance of the Company, and
resources and reserves at the Piedras Verdes operations, are
assumptions regarding projected revenue and expense, copper prices and
mining costs. These assumptions, although considered reasonable by the
Company at the time of preparation, may prove to be incorrect. Readers
are cautioned that actual results are subject to a number of risks and
uncertainties, including risks relating to general economic conditions
and mining operations, and could differ materially from what is
currently expected. The Company disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.

======================================================================
Copyright (c) 2007 FRONTERA COPPER CORPORATION (FCC) All rights
reserved. For more information visit our website at
http://www.fronteracopper.com/ or send
mailto:emaillist@fronteracopper.com
Message sent on Tue Apr 24, 2007 at 6:36:12 AM Pacific Time
======================================================================

.

Frontera Copper Corporation

EN DÉVELOPPEMENT
CODE : FCC.TO
CUSIP : 359043106
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Frontera Copper est une société de production minière de cuivre basée au Canada.

Frontera Copper détient divers projets d'exploration au Mexique.

Son principal projet en développement est PIEDRAS VERDES au Mexique et son principal projet en exploration est CERRO CHATO au Mexique.

Frontera Copper est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 47,7 millions CA$ (41,0 millions US$, 30,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 7,86 CA$, et son plus bas niveau récent le 31 octobre 2008 à 0,22 CA$.

Frontera Copper possède 64 518 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Nominations de Frontera Copper Corporation
01/12/2008Announces the Appointment of Hugh Snyder as Chairman of the ...
24/03/2008 Announces The Appointment Of Rodney Prokop As Vice Presiden...
14/08/2007ANNOUNCES THE APPOINTMENT OF ALAN EDWARDS AS PRESIDENT AND C...
28/05/2007Executive Appointments
Rapports Financiers de Frontera Copper Corporation
12/11/2008Reports on Financial Results and Operational Performance for...
07/08/2008Reports on Financial Results and Operational Performance for...
15/05/2008Reports on Financial Results and Operational Performance for...
20/03/2008 Reports Annual and Fourth Quarter 2007 Results
24/09/2007FRONTERA COPPER REPORTS CASH BALANCES OF $55 MILLION AND PRO...
15/05/2007REPORTS FIRST QUARTER 2007 RESULTS
Projets de Frontera Copper Corporation
21/07/2008(Piedras Verdes)Provides Update on Operations
15/01/2008(Piedras Verdes) Updates 2007 Production Guidance, Reports an Increase in Or...
Communiqués de Presse de Frontera Copper Corporation
16/02/2009Board of Directors Unanimously Recommends That Shareholders ...
04/02/2009Enters Into Definitive Agreement in Support of Southern Copp...
22/01/2009Announces a Reduction in its Estimate of Recoverable Copper ...
22/12/2008Provides Update on Operations
19/12/2008Announces Waiver of Application of Shareholder Rights Plan
18/12/2008Board of Directors Recommends Rejection of Unsolicited Offer...
12/12/2008Announces Effect of Share Acquisition by Invecture Group on ...
03/12/2008Responds To Unsolicited Offer From Invecture Group
02/12/2008RETAINS RBC CAPITAL MARKETS AS FINANCIAL ADVISOR
28/11/2008and Invecture Group, S.A. de C.V.
05/05/2008Comments On Recent Developments Affecting Its Primary Suppli...
22/01/2008Reduces Hedging Program
24/04/2007OPERATIONS AND CORPORATE UPDATE
29/03/2007Reports Year End 2006 Results and Outlook for 2007
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TORONTO (FCC.TO)OTHER OTC (FRCPF)
0,740+1.37%25,75-1.30%
TORONTO
CA$ 0,740
04/05 15:48 0,010
1,37%
Cours préc. Ouverture
0,730 0,740
Bas haut
0,740 0,740
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,740 -%
Volume var. 1 mois
97 600 -%
24hGold TrendPower© : 6
Produit
Développe Copper
Recherche
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 05/01/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
6,92 AU$-0,65%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 +100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
10,92 US$+7,80%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,59 GBX-1,50%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,25 +4,17%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 +0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
14,47 +2,26%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,30 +3,45%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,22 +0,93%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,47 +2,49%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
40,66 US$+0,20%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,06 AU$+10,00%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
0,00 AU$+0,00%Trend Power :
Profitez de la hausse des actions aurifères
  • Inscrivez-vous à notre market briefing minier
    hebdomadaire
  • Recevez nos rapports sur les sociétés qui nous semblent
    présenter les meilleurs potentiels
  • Abonnement GRATUIT, aucune sollicitation
  • Offre limitée, inscrivez-vous maintenant !
Accédez directement au site.