Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF) has reported its first copper cathode sales from the fully operational Johnson Camp Mine in southeast Arizona.
The initial sale totalled 225,371 pounds, generating gross proceeds of approximately US$1.05 million at an average price of US$4.64 per pound.
Production at Johnson Camp began in late August 2025, ahead of schedule. The company noted that the copper is fully produced in the United States and it is being delivered into domestic markets.
“This milestone represents the first revenue from Johnson Camp and demonstrates the rapid progress Gunnison has made in delivering value to shareholders since achieving first copper production just weeks ago,” said Craig Hallworth, Gunnison chief financial officer.
"Strong copper prices and increasing production levels position us well as we move towards a potential equity valuation re-rating as a copper producer. We are especially proud that every pound sold is 100% Made-in-America copper, directly supporting our nation as we work together to strengthen our supply chains."
Johnson Camp currently has a nameplate capacity of 25 million pounds, per year.