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HomeNewsIncreasing copper prices could be good news for Huckleberry Mines

Increasing copper prices could be good news for Huckleberry Mines

Imperial Metals is working on a corporate master plan set to include looking at mine plans for Huckleberry near Houston.

Huckleberry Mines was put under care and maintenance last Summer and it is now is 100% owned by Imperial Metals as of this spring.

Spokesperson Steve Robertson says the price of copper is a major factor in any decision to reopen.

He says the purchase of the mine was in hopes prices will eventually rebound.

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“The price has been on its way up in general. It had a bad week last week, but we’ve been experiencing increasing prices over the last six months which is a positive trend and we hope it continues.”

He says they plan to have their master plan completed by the end of next month, which includes the Red Chris Mine south of Dease Lake, and the Mount Polley Mine north of Williams Lake.

“I’m not promising that there’s going to be a clear-cut answer yes or no in terms of Huckleberry. The results of the plan might show that we need to wait for higher prices.”

He also says copper prices aren’t the only factor involved in making a decision to reopen the mine.

A volatile currency, power prices, fuel prices and many other economic factors are at play.

– with files from Daryl Vandenberg, My Bulkley Lakes Now

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