North American Growth in Copper
Augusta Resource Corporation is a base metals company focused on advancing the 100% owned Rosemont Copper deposit near Tucson, Arizona. Rosemont hosts a large copper/molybdenum reserve of 5.2 billion pounds of copper and 161 million pounds of molybdenum. Over its 21+ mine life, the project’s average annual production is expected to be approximately 220 million pounds of copper and 4.7 million pounds of molybdenum at average by-product cash costs of $0.62 per pound of copper. The project is nearing the last stages of permitting with the record of decision expected to be received in the second quarter of 2012 with construction expected to commence in mid-2012 and production start-up is targeted for the second half of 2014. Once in production, Rosemont is expected to be the fourth largest copper mine in the United States.
The Company’s objective is to build and operate the world-class Rosemont mine and develop a robust portfolio of assets in North America with the focus on organic growth and early stage acquisitions. The exceptional experience and strength of Augusta’s management team, combined with the excellent infrastructure and robust economics of the Rosemont project, sets Augusta to become a leading copper development and mining company.
Augusta is traded on the Toronto Stock Exchange and the NYSE Amex under the symbol AZC.