StockGuru Blog: General Metals with Three Targets in Nevada; Outlook Good as Gold
StockGuru Profile - General Metals - GNLMGeneral Metals has three designated Nevada targets located in the center of Newmont Mining’s largest new development, the Phoenix property, where gold and copper production has begun. The giant Phoenix mine in Nevada is ramping up to a designed production rate of 35,000 tons a day. First gold from the mine was shipped in March. Annual production is estimated at 350,000 ounces of gold and 20 million to 25 million pounds of copper when fully operational. Construction of the Leeville underground mine in Nevada is approximately 90% complete. Production is expected to reach 2,100…