Graystone Company Announces Copper Campaign #2
Graystone Company Announces Copper Campaign #2 Results
Business Wire
LAS VEGAS--(BUSINESS WIRE)--
The Graystone Company (GYST) announced today that its wholly owned subsidiary, Grupo Mineral Inca, SAC (GMI) has completed the Company’s copper campaign #2 in Peru with the following results.
The company produced and/or sourced 187 tons of copper/gold ore at a total cost of $116.90 per ton. The company sold its copper/gold concentrate equaling $224.59 per ton of ore. The company’s copper campaign #2 produced a net profit of $107.69 per ton of ore processed. Campaign #2 had an increased per ton profit of $31.34 compared to the net profit per ton of $76.35 for campaign #1. GMI’s gross revenue from campaign #2 was $41,998.
As per the terms of the joint venture agreement on its copper claim, the company also recouped its operational costs specific to campaign #2. “Considering this was our second campaign in copper and our first round of bulk ore purchase, were pleased to once again turn a per ton net profit,” said Graystone CEO. “We produced a recoverable amount of gold which was not present in the first campaign. Our experience of conducting a successful campaign mining copper and the purchase of bulk ore has enabled us to become more efficient and profitable in this area of our mining operations."
Our plan for campaign #3 is to continue mining at our copper claim in Peru and expand our bulk ore purchase program including more gold rich ore purchases. After a brief break for the workers, Campaign #3 is scheduled to start on or about September 15, 2014.
The company also announced today that its gold prospecting teams have identified two new targets on its gold claims. Testing is underway to determine if the company will open up new gold mining camps for these new targets.
A gold update from its Gold claims in Peru and Suriname will be available on or about September 9th, 2014. The company is currently producing gold weekly via bulk sampling at several of its gold mining camps in Suriname and Peru. Satellite images, claim information and camp/ore processing photos can be found on its website www.graystone1.com and/or octmarkets.com filings and the SEC’s website.
The Graystone Company, Inc. (GYST) Stock Research Links
Scroll down for more posts ▼
Top 10 Most Recent News Articles
Turbulence Hits O-I Glass Stock Another day, another company in hot water—and today, it's O-I Glass, Inc. (NYSE: OI) we're talking about. The company's shares plummeted by 15.01% in one fell swoop on July 29, 2026, right after it dropped its financial bombshell. Let’s break this drama down, shall we? The Legal Brass Tacks Investors who took the bait on O-I Glass...
Continue Reading
Juggling Two Housing Transactions You ever tried juggling chainsaws? That's what buying and selling your home at the same time can feel like. Selling First: Playing It Safe Some folks swear by selling their current home first, and there's good reason. It locks in your financial windfall, giving you a clear picture of your down payment and affordability. No more guessing...
Continue Reading
A Power Play on Global Markets Taking a page from its relentless pursuit of quality and innovation, VILVA Electronics is bolstering its foothold on the international stage. Based in Shenzhen, this savvy player is reaching out for strategic partners like fishing for that perfect bite, hoping to reel in catches that understand the nitty-gritty of the local ponds—their...
Continue Reading
DC’s Legal Landscape Shifts with Tuneski’s Move Greenberg Traurig's Washington, D.C., office just dialed it up a notch by bringing in Alexander Tuneski. A guy like this crossing the floor from DLA Piper is big news. This isn’t just any legal bean counter; with over 20 years under his belt, Tuneski knows franchise law like the back of his hand. And when you've been...
Continue Reading
Enghouse's Strategic Move into Telecom You want a real shake-up in the telecom space? Here it is. Enghouse Systems Limited (TSX: ENGH) is stepping up its game by acquiring MIND C.T.I. Ltd. (NASDAQ: MNDO). This cash-only transaction is tailored to broaden Enghouse’s suite of offerings in telecom and enterprise unified communications (UC). The price? A neat US$1.30 per...
Continue Reading
Moving AI from Theory to Practice You know, AI isn't about just keeping up with the hype; it's about shoving those algorithms right where they can do the most good—right at the core of business operations. And that’s precisely what Cognizant's cooking up with their fresh-off-the-press Claude Frontier Capability Group. They’ve thrown more than 25,000 pros into the...
Continue Reading
Speeding Up Diagnostics: A Major Leap Forward In a world where every second counts, LG Energy Solution strikes gold with their latest innovation, Re.Pulse. CES Innovation Awards 2027 has honored LG for this slick piece of tech that trims down battery diagnosis time from a snail's pace seven hours to a lightning-fast 10 minutes. It's not just about speed—it’s also...
Continue Reading
The Changing Faces of QVC Group Something tells me that the retail landscape’s a different beast in 2026. QVC Group, Inc. (NASDAQ:QVCG) has wired up for a crucial update we’ve all been waiting for—announcing their third quarter fiscal 2026 results. Mark your calendars for November 16th, because that’s when the SEC will get their hands on the 10-Q, and we’ll get...
Continue Reading
The Unseen Election Loser: Middle-Class Unity Seems like every four years, Americans shuffle the seats of power, but Paul Eckert believes the real problem isn't chairs changing; it's the folks sitting in them. With his book, "Healing Middle-Class Democracy," Eckert tackles a split as old as time—or at least since the '80s: the fracture within the middle class....
Continue Reading
A Game Changer in Climate Finance Take a second to wrap your head around this: Dr. Ellen Dorsey is spearheading a movement that's managed to wrangle a whopping $40 trillion. We're talking about a capital shift from fossil fuels to climate solutions. Her leadership at the Wallace Global Fund (WGF) is no small part due to why she's made it to TIME's 2026 TIME100 Climate...
Continue Reading
Top 5 Most Recently Viewed Articles
Understanding the Class Action for James Hardie Industries In recent developments, investors in James Hardie Industries plc (NYSE: JHX) should be aware of a class action lawsuit that could impact their investment choices significantly. The company, recognized for offering top-tier exterior home products, has faced allegations that could raise concerns among stockholders....
Continue Reading
Overview of Pharmaceutical Filtration Market Trends The pharmaceutical filtration market is witnessing remarkable growth, projected to reach approximately USD 20.97 billion by 2029 from USD 13.31 billion in 2024. The robust expansion of the pharmaceutical industry, coupled with heightened research and development investments in biopharmaceuticals, are key contributors to...
Continue Reading
Sysmex Unveils the XR-Series Revolution Nailing down efficiency and speed in the lab scene ain't no walk in the park, and that's where Sysmex America steps in with their spanking new XR-Series. Fast, reliable, and efficient results are all wrapped up in this cutting-edge hematology solution. From high-complexity labs to the behind-the-scenes details, Sysmex ain't holding...
Continue Reading
Insightful Big Game Statistics Unveiled As the excitement surrounding this year's Big Game builds, fans and bettors eagerly anticipate insights about the matchup. GamblingSites.com has compiled a compelling set of statistics that may indicate whether the Philadelphia Eagles can pull off an unexpected victory. This analysis covers significant trends in betting, historical...
Continue Reading
Lucid Diagnostics Completes $15.3 Million Offering Lucid Diagnostics Inc. (NASDAQ: LUCD), a key player in cancer prevention medical diagnostics, has successfully closed its registered direct offering, raising a substantial $15.3 million in gross proceeds. This strategic move is part of Lucid's ongoing efforts to enhance its offerings and expand its influence in the...
Continue Reading