Horizon Copper CEO Discusses Strategic Portfolio Expansion and Future Plans
June 07, 2024 at 05:09 pm
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Horizon Copper CEO Erfan Kazemi joined Steve Darling from Proactive to share insights into the company's robust portfolio and strategic future plans, emphasizing a focus on copper assets. Horizon Copper is dedicated to building a strong portfolio of copper projects. The company currently holds interests in three major copper assets. One of their notable investments includes a 1.7% stake in the Antamina mine, which is the third-largest copper mine globally. This asset is not only generating cash flow but also recently had its mine life extended by over a decade. The approval of Antamina's Environmental Impact Assessment (EIA) could potentially further boost its cash flow. Another significant asset in Horizon Copper's portfolio is its interest in the Oyu Tolgoi mine, which is anticipated to become the fourth-largest copper mine in the world. This project is expected to start generating cash flow by 2027, with long-term production forecasts spanning several decades. Horizon Copper's third key asset is the Hod Maden project, which is notable for its discovery and is expected to enter commercial production within a few years. Kazemi emphasized Horizon Copper's strategy of partnering with large, reputable companies like Rio Tinto to diversify and expand their portfolio continuously. The company is also actively seeking new acquisitions to ensure steady, long-term returns for its shareholders.
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Proactive North America
+1 604-688-8158
na-editorial@proactiveinvestors.com
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Copyright (c) 2024 TheNewswire - All rights reserved., source Press Releases
Horizon Copper Corp. is a Canada-based premier copper company holding non-operating interests in high-grade, low-cost copper assets. The Company holds a portfolio of unparalleled copper assets, including a 30% interest in the copper-gold Hod Maden project, exposure to the Oyu Tolgoi copper mine through a 25% equity ownership in Entree Resources Ltd., and a 1.66% net profit interest in the Antamina copper mine. The Hod Maden Project is located in Artvin Province, northeastern Turkey. It has interests in the Hugo North Extension and Heruga deposits of the Oyu Tolgoi copper mine, located in Mongolia. The Hugo North Extension is a copper-gold porphyry deposit, and Heruga is a copper-gold-molybdenum porphyry deposit. Antamina is an open-pit copper mine located in the Andes Mountain range of Peru, approximately 270 kilometers north of Lima. The Company also plans to actively grow its portfolio of assets, with a focus on copper projects.
HORIZON COPPER CORP. 
