Issued on behalf of Yukon Metals Corp.
VANCOUVER – USA News Group – Just over two weeks into 2025, it’s already shaping up to be a big year for copper, as expert researchers are predicting another run of fresh records extending into 2025. With the US presidential inauguration less than a week away, and threats of international tariffs on the horizon, traders are ramping up bets on copper futures as part of a broader escalation of the ongoing global trade war. Meanwhile the International Monetary Fund (IMF) forecasts that copper demand will rise over 66% between 2020 through 2040. Already this bodes well for the copper mining industry, as players of all sizes are announcing big progress on their projects, including recent developments from Yukon Metals Corp. (CSE: YMC) (OTCQB: YMMCF), New Gold Inc. (NYSE-American: NGD) (TSX: NGD), Taseko Mines Limited (NYSE-American: TGB) (TSX: TKO), Ivanhoe Mines Ltd. (TSX: IVN) (OTCQX: IVPAF), and Hudbay Minerals Inc. (NYSE: HBM) (TSX: HBM).
The article continued: According to analysts at Research and Markets, the global copper market is set to grow at a 5.03% CAGR through 2030 to a US$341.96 billion in 2030, up from US$267.39 billion in 2025. The copper price has been on the rise in 2025, recently reaching a three-week high amid robust demand in China, pushed even further by US President Re-elect Donald Trump’s upcoming tariffs.
Yukon Metals Discovers High-Grade Copper Zone in Maiden Exploration Program at the AZ Property
Yukon Metals Corp. (CSE: YMC) (OTCQB: YMMCF), a well-financed mining exploration company, today announced results from its inaugural exploration program on the 11,755-hectare AZ project, located approximately 36km south of Beaver Creek, Yukon. AZ is the largest of Yukon Metals’ seventeen properties across 42,500 hectares in the Yukon.
Among the main highlights of the results, Yukon Metals uncovered extensive surface copper mineralization at Chair Mountain, with values reaching up to 3.49% Cu. The Chair Mountain Project, located just 6kms from the Alaska Highway, forms part of YMC’s expansive AZ property, which encompasses a variety of underexplored mineral occurrences. Notably, surface sampling revealed copper mineralization across a prominent 1.2km-long gossan zone characterized by rust-colored, iron-stained rock.
“Yukon Metals is moving forward with an exciting phase of exploration, including advancing drilling at AZ’s Chair Mountain and conducting detailed mapping and sampling to define additional targets,” said Rory Quinn, President & CEO of Yukon Metals. “Drilling is planned at three key projects: the Star River gold-silver property, the Birch copper-gold property, and the AZ property, which holds significant potential for copper, precious, and critical metals discoveries.”
Back in September 2024, Yukon Metals conducted a helicopter-supported mapping and sampling program on its AZ property, focusing on the Chair Mountain area. This effort identified a 1.2-km-long zone of orange, iron-stained, and altered rocks on the northern and eastern flanks of the mountain. Consistent copper mineralization was found throughout the prospected area, with 18 out of 60 rock-chip samples returning significant copper content, ranging from 0.12% to 3.49%. These samples were collected from quartz veins within basalt and andesite volcanic rocks, highlighting the region’s potential for further exploration.
Yukon Metals owns 100% of the AZ property, which is located 35kms south of Beaver Creek, Yukon. The company swiftly expanded the project by acquiring an additional 7,625 hectares, covering 372 new claims and four historic mineral occurrences, including Chair Mountain, Wrangell, California, and Nutzotin. These occurrences are classified as Porphyry Cu-Mo-Au, Intrusion-Related Au, Skarn Cu, and Polymetallic Vein Hosted Ag-Pb-Zn +/- Au. This diverse mineralization strengthens the property’s potential for both base and precious metal discoveries.
The regional geology further enhances the AZ property’s prospects. Similar geologic settings across the Yukon-Alaska border host significant porphyry copper deposits, such as Bond Creek and Orange Hill, with historical tonnage and grade estimates of up to 500 million tons grading 0.3% copper. While these figures are not NI 43-101 compliant, they highlight the broader potential of the AZ property to host comparable mineralization, positioning Yukon Metals as a company to watch in the evolving Yukon exploration landscape.
CONTINUED… Read this and more news for Yukon Metals Corp. at: https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/
In other industry developments and happenings in the market this week include:
New Gold Inc. (NYSE-American: NGD) (TSX: NGD) recently reported its highest copper production quarter of 2024, driven by strong performance at its New Afton mine. New Gold’s Q4 2024 copper output reached 14.5 million pounds, representing a 15% increase over the prior quarter and contributing to a full-year total of 54 million pounds, meeting the midpoint of the company’s initial guidance. This growth was supported by the ramp-up of commercial production from the C-Zone and steady performance from the B3 cave, demonstrating the mine’s potential to deliver consistent copper production.
“The fourth quarter was our highest production quarter of the year,” said Patrick Godin, President and CEO of New Gold. “This was during a quarter that saw New Gold deliver on key growth milestones including commercial production at New Afton’s C-Zone and first ore from Rainy River underground, both ahead of schedule.”
As New Gold prepares to release updated technical reports for both New Afton and Rainy River in early 2025, investors can anticipate insights into how these assets are positioned to increase production, reduce costs, and generate substantial free cash flow in the coming years.
Taseko Mines Limited (NYSE-American: TGB) (TSX: TKO) recently provided an update on its 100%-owned Florence Copper project in Arizona, reporting significant construction progress. As of December 31, 2024, the project was 56% complete, with first copper production on track for late 2025. Key fourth-quarter milestones included the completion of process and runoff ponds, the construction of 17 additional production wells (bringing the total to 51 out of 90), and substantial progress on the solvent extraction and electrowinning facilities. Construction activities have been injury-free, with approximately 450,000 hours worked and 290 personnel on-site.
“With continued growth in US copper demand and an increasing focus on security of supply chains for critical materials, it is great timing to be bringing on a new source of domestic copper supply,” said Stuart McDonald, President and CEO of Taseko. “Florence Copper is the only greenfield copper mine currently under construction in the USA and will soon become the third largest copper cathode producer in the country.”
Ivanhoe Mines Ltd. (TSX: IVN) (OTCQX: IVPAF) recently provided its 2024 production results, highlighting a record-breaking year for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. Kamoa-Kakula produced 437,061 tonnes of copper in concentrate, a 12% increase over 2023, driven by the ramp-up of the Phase 3 concentrator. Fourth-quarter copper production reached 133,819 tonnes, marking a 15% increase from the prior quarter. Monthly production also set a new high in December, with 47,058 tonnes produced. For 2025, the company has issued guidance of 520,000 to 580,000 tonnes of copper, reflecting the continued growth potential of Kamoa-Kakula, despite minor delays to smelter commissioning caused by fire damage to backup generation equipment.
Ivanhoe Mines is also advancing efforts to optimize and expand its operations. The company is targeting copper production of approximately 600,000 tonnes annually by 2026 through increased processing capacity, improved recovery rates, and the development of new mining areas. Additionally, off-take agreements with CITIC Metal and Gold Mountains for 80% of smelter production have secured steady demand for Kamoa-Kakula’s high-grade copper. With strong operational performance and strategic initiatives underway, Ivanhoe Mines is well-positioned to capitalize on the rising demand for copper in global markets.
Hudbay Minerals Inc. (NYSE: HBM) (TSX: HBM) recently announced it has received the final Air Quality Permit for its Copper World project in Arizona, marking a major milestone in advancing the project. Copper World, with an expected annual production of 85,000 tonnes of copper over a 20-year mine life, is positioned to increase Hudbay’s total copper output by over 50%. The fully permitted Phase I will operate on private and state lands, with plans for Phase II expansion onto federal lands to extend mine life and enhance project economics. With competitive cash costs projected at $1.47 per pound and a robust after-tax net present value of $1.1 billion (at $3.75 per pound copper), Copper World is set to play a pivotal role in strengthening the U.S. copper supply chain.
“Today, Hudbay is the fourth largest copper producer listed on the NYSE and a majority of our institutional shareholders are based in the U.S.,” said Peter Kukielski, President and CEO of Hudbay. “We look forward to continuing to grow our presence in the U.S. with our planned $1.7 billion capital investment to build Copper World. Copper World’s Made-in-America copper cathode is expected to be sold entirely to domestic U.S. customers and would make Copper World the third largest cathode producer in the U.S.”
Source: https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/
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