Mexico Copper Production Slides in April but Zinc Output Skyrockets

Algo Grande Copper Corp. (TSXV: ALGR) reported Phase II assays from hole AG-CG-PH2-002 at its Adelita copper-silver-gold project in Sonora, Mexico, returning 68.43 metres of mineralization across two zones: 30.23 metres at 1.5% CuEq, including 3.55 metres at 9.4% CuEq, plus a deeper 38.20 metres at 1.0% CuEq with 11.50 metres at 2.0% CuEq. Intervals are downhole lengths. In September it closed a placement of 7,977,497 shares at CAD 0.60 for about 3.5 million USD (4.79 million CAD) and signed a five-year surface access deal with the Ejido Palos Chinos community covering about 1,796 hectares through 2031. Hole 3 assays are pending; a ground gravity survey starts October 22. S&P Global sees copper demand rising 50% to 42 million tonnes by 2040 while mine output peaks at 33 million tonnes, a gap of about 10 million tonnes.

Fitzroy Minerals said on 22 October that a machine-learning and 3D seismic study with Fleet Space Technologies identified nine previously undrilled copper targets within about 400 metres of surface at its Buen Retiro project in Chile. The model used some 24,400 copper assays from 140 holes, four geophysical datasets and geological models to estimate, on 25-metre blocks, where copper above a 0.5% threshold may occur, excluding mined-out areas and ground within 200 metres of existing holes. A 5,000-metre diamond and reverse-circulation program is underway, with logs and assays to refine the model. Milestones: maiden resource and PEA in Q4 2026, final metallurgy in Q1 2027, PFS in Q2 2027, production targeted for 2028. Pucobre may buy 30% by reimbursing 90% of eligible spending, minimum 10.2 million USD. A separate 5,500-metre program at Caballos starts in Q4 2026.

Gunnison Copper (TSX:GCU) has begun NYSE American trading under ticker GUNN; each ADR represents 30 common shares and is quoted in US dollars. The listing is not an equity offering: no new shares were issued and no capital raised; its Toronto, Frankfurt and OTCQB listings remain unchanged. Management said the listing aligns its capital-markets presence with Arizona copper operations. The Johnson Camp Mine is ramping up output of finished copper cathode, with capacity of up to about 11,300 tonnes per year, funded by Rio Tinto's Nuton venture. The flagship Gunnison Copper Project's PEA outlines average annual output of about 79,000 tonnes over a potential 21-year mine life, including inferred resources; production certainty is not established. Gunnison controls 12 known deposits in Arizona's Cochise Mining District.