Mining Stock Education · Tuesday, August 11, 2026
Coppernico Metals CEO Ivan Bebek believes the current environment is ideal for advancing the Sombrero project, citing a pro-mining government in Peru and a skyrocketing copper price now at $6.50 per pound. He noted that while timelines for permits have been challenging, the project has significantly improved, expanding from three to 12 main targets. Bebek views the situation as a 'perfect storm' for creating shareholder value.
“I'd love to do it when there's a great leader in power that's very pro-mining. I'd love to do it when the mining permitting laws are getting better so we can future permits can come at a quicker pace.”
“I'd like to do it when the copper price is skyrocketing, which since you and I first spoke, I think it was around $3 a pound back then or just above that. It's now $6.50 a pound. So it's the perfect storm, perfect timing.”
“However, although we have been through a volatility of timelines that we've tried to meet or best to meet, we still come in under the typical timelines that these things take. And our project has gotten tremendously better over that time period. And how I quantify that is we had three main targets to start and now we have 12.”