TNR Gold announced that the Los Azules copper project in Argentina is progressing towards a Final Investment Decision (FID), with project operator McEwen Copper having completed approximately 27% of the FID work plan.
TNR Gold Corp (TSX-V:TNR) announced that its Los Azules copper project in Argentina is progressing towards a Final Investment Decision (FID). Project operator McEwen Copper Inc reported that approximately 27% of the FID work plan was completed as of June 30, with the remainder scheduled for completion in the fourth quarter. The project's 2025 feasibility study confirmed an average annual production of 205,000 tonnes of copper cathode for the initial five years, with C1 cash costs of $1.71 per pound over a 22-year mine life. Construction is planned to commence in early 2027, with production starting in 2030, subject to financing and approvals. Société Générale has been appointed as the exclusive financial advisor for the project's debt financing and has initiated preparations for a potential initial public offering (IPO).
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