Summary
Name: Altiplano Metals Inc.
Tickers: 🇨🇦 APN 🇺🇸 ALTPF 🇩🇪 9AJ1
Commodity: Copper
Jurisdiction: Chile
Stage: Production
Market Cap: $17M CAD
About
Looking for copper mining stocks? Altiplano Metals’ CEO says this copper mining stock is worth a look.
This is a $9.9M market cap copper-producing company, which has generated over US$13.5 million from the recovery and sale (after processing costs) of more than 5.9 million pounds of copper with an average grade of 1.80% Cu (2018 Q1-2023 Q3). Their main asset is called “Farellon”, and is located near La Serena, Chile. It’s an IOCG-type deposit grading ~1.8% copper, and operating on numerous underground production levels accessed via a decline system. They have another project close to Farellon, called Santa Beatriz, which together with Farellon can feed the El Peñon mill. That mill was recently built and is capable of handling up to 5,000 tonnes per month. Altiplano is looking to grow into a mid-tier copper & gold producer, by acquiring new assets in and outside of Chile. Altiplano has acquired the San Pedro property with the transfer of claims under review by the Nicaraguan Ministry of Natural Resources and Environment. The San Pedro Gold Project is located 130 km east of Matagalpa in central Nicaragua. The 16,806-hectare property has excellent road access, nearby power infrastructure, and cellular phone coverage.
