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The feasibility study results indicate a total of 256,430 ounces of gold can be mined from current known diluted Proven and ProbableMineralReserves during the 6.3 year mine life at Copperstone.
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In North America, FCX operates seven open-pit copper mines — Morenci, Bagdad, Safford, Sierrita and Miami in Arizona, and Chino and Tyrone inNewMexico; and two molybdenum mines — Henderson and Climax in Colorado. Molybdenum concentrate, gold and silver are also produced by certain of FCX’s North America copper mines.
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Shortselling- The borrowing of stock from a broker in order tosellit in the hope that it may be purchased at a lowerpricelater on. Short ton - 2,000 lbs. avoirdupois. Shrinkage stoping - A stoping method which uses part of the broken ore as a working platform and as support for the walls of the stope.
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Measured by its stockprice, Molycorp was a $6 billion company. As of this writing, on June 15, Molycorp was worth $101 million. Its shares have fallen from a high of nearly $80 to just 36 cents.
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