MEXICO - Toronto's FRONTERA COPPER CORP. has completed its first sale of LME Grade A copper cathode from its Piedras Verdes project in the Sonora state. The customer, GERALD METALS of Stamford, Connecticut, has agreed to purchase all of Frontera's copper production through 2010.
At current copper prices Frontera expects to generate strong positive cash flows during the fourth quarter of 2006 and to record approximately $30 million of revenue in the current year's financial statements.
Piedras Verdes is a run-of-mine heap leach, SX/EW copper project. Annual production is estimated to be 70 million lb of copper cathode. A total of 942 million lb of copper is projected to be produced during the 18-year life of the mine.
For more information go to www.FronteraCopper.com.
Comments