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Pumpkin Hollow production suspended

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Nevada Copper said state rules to prevent the transmission of the virus had made business impractical, paralysing the company's supply chain and the free movement of staff, and causing "significant operational delays and work constraints".

The company shipped first concentrate in December, but last week announced a refinancing of its balance sheet to sustain the ramp-up of the mine during a time of metal price weakness.

Nevada Copper expects the suspension to last for at least six weeks, subject to revision and government restrictions. Care and maintenance activities will maintain the operation in a state of readiness for a rapid restart, according to the company.

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