Print
Category: Front Page News Front Page News
Published: 28 June 2016 28 June 2016

Article by Mary Alice Murphy; photos by Mary Alice Murphy and Intern Alexis Rico

A field trip, organized by the New Mexico Business Coalition, to the Copper Flat Mine led legislators, interested business people and interested individuals on a visit to the mine, which is in the process of seeking permitting to reopen the mine. 

The Copper Flat Mine, which operated in the early 1980s for a short time, is now owned by New Mexico Copper Corporation (NMCC), a wholly owned subsidiary of THEMAC Resources Group, a public corporation traded on the Toronto Stock Exchange (TSX).

NMCC is now seeking permits to reopen the mine, which is expected to operate for 12 years under the current plan, and may be extended as the deposit is developed further. The Company's main metal of interest is copper, along with economic amounts of gold, silver, and molybdenum.

 

Jeff Smith, the chief operating officer of NMCC, as a mining engineer, worked at the mine for Quintana, the previous owner, while it was being developed and during its short time producing before a downturn in the price of copper.

THEMACG