Cobre del Mayo
Cobre del Mayo is a Mexican mining company that operates the Piedras Verdes open-pit copper mine (“PV mine”), the third largest copper mine in Mexico as measured by production. It produces LME Grade A copper cathode and sells certain types of ore for concentration. It operates a run-of-mine (ROM) heap leach, crushed ore heap leach, and sells high-grade crushed ore for flotation as a function of grade, mineralization and other characteristics.
During 1Q20, due to the decline in copper prices, Cobre del Mayo paused its mining activities and is currently only producing LME Grade A copper from the ore on leach pads.