Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Nord Resources Corp. (NRDSQ) Message Board

Based in Tucson, Nord commenced cathode producti

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 13
Posted On: 03/08/2013 6:36:27 AM
Avatar
Posted By: Lmcat


Based in Tucson, Nord commenced cathode production from residual leaching operations at the Johnson Camp Mine in January 2008 and from new ore in January 2009. In July 2010, the Company temporarily suspended the mining and crushing of ore. As a result, the Company realized an immediate reduction of costs and an increase in operating cash flow from the production of copper achieved through continued leaching of ore. The company expects full operations will resume once a new leach pad is constructed pending completion of financing. Our current reactivation plan includes achieving the designed copper production rate of 25 million pounds per year of copper cathode within a year after securing financing.



Slideshow image



Nord Resources Announces Replacement Copper Sales Agreement


TUCSON, AZ, January 4, 2013 – Nord Resources Corporation (OTC Pink Market: NRDS), which is producing copper at its Johnson Camp Mine in Arizona, today


announced that it entered into a new copper cathode sales agreement with Red Kite Master Fund Limited for 100% of the production from the Johnson Camp Mine, given


the expiry of the long term copper cathode sales agreement between the parties that was in place from February 1, 2008 through December 31, 2012.


The agreement runs through March 31, 2013 with renewable extensions by mutual agreement of both parties. Pursuant to the agreement, Red Kite accepts delivery of the


cathodes at the Johnson Camp Mine, and pricing is based on the COMEX price for high–grade copper on the date of sale.


In July 2010, Nord suspended mining new ore at the Johnson Camp Mine as it sought financing to permit the company to restructure its debt and provide additional capital for


constructing a new leaching pad. It continues to leach copper from the material previously placed on the existing three pads on its property, processing it through the


Johnson Camp Mine’s SX-EW plant. As expected, the level of copper production and sales continue to decline at a steady rate.


About Nord Resources


Nord Resources Corporation is producing copper at the Johnson Camp Mine, the company’s primary asset, which is located in Dragoon, Arizona, approximately 65 miles


east of Tucson. For further information, please visit our website at nordresources.com.







(0)
(0)




Nord Resources Corp. (NRDSQ) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us