- Senior lenders at Minera Tres Valles have stated their continued support for Three Valley (TVC)
- Three Valley Copper intends to bring the property’s Papomono block caving mine into production this year
- The company and its lenders have agreed to temporarily halt the operation to optimize production and ensure stakeholder support
- Three Valley Copper is focused on copper production on its 95.1-per-cent owned, 46,000-hectare Minera Tres Valles complex in Chile
- Three Valley (TVC) is up by 142.86 per cent trading at $0.085 per share
Minera Tres Valles’ senior secured lenders have confirmed their continued support for Three Valley (TVC).
TVC intends to bring the property’s Papomono block caving mine into production this year. It has completed initial construction and the operation is ready to begin.
That said, the company and its lenders have chosen to temporarily halt the operation until finalizing a solution for Papomono’s ramp-up.
To this end, consultants are currently undertaking a technical optimization study, which will ensure responsible production, full stakeholder support and full realization of the mine’s robust economics.
Three Valley and its lenders remain committed to restarting operations at Papomono as soon as possible.
Three Valley Copper is focused on copper production on its 95.1-per-cent owned, 46,000-hectare Minera Tres Valles complex in Chile.
Three Valley (TVC) is up by 142.86 per cent trading at $0.085 per share as of 11:18 am EST.
