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Based in Tucson, Nord commenced cathode production from residual leaching operations at the
Johnson Camp Mine in January 2008 and from new ore in January 2009. In July 2010, the Company temporarily suspended the mining and crushing of ore. As a result, the Company realized an immediate reduction of costs and an increase in operating cash flow from the production of copper achieved through continued leaching of ore. The company expects full operations will resume once a new leach pad is constructed pending completion of financing.
Our current reactivation
plan includes achieving the
designed copper production
rate of 25 million pounds
per year of copper cathode
during 2012.
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Nord’s mine plan is based on
an updated
feasibility study
that was completed in
September 2007 and includes
forecasted production of 25
million pounds of copper
cathodes per annum at full
production.
Our principal asset, the
Johnson Camp Mine, is a
copper mine and production
facility located 65 miles
east of Tucson, Arizona.
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