North America Equity Research
September 21, 2025

Gunnison Copper Corp (TSX: GCU)

Gunnison Copper Corp: A Deeply Discounted American Copper Story

Ticker: TSX: GCU | Sector: Mining & Resources | Rating: BUY | Price Target: C$0.70 (169% Upside)

Once left for dead, Gunnison Copper is re-emerging as one of the most interesting copper turnaround stories in North America.
Backed by Rio Tinto’s Nuton and a fresh strategic plan, the Arizona-based miner has restarted production at its Johnson Camp Mine and is now advancing a large-scale open-pit project that could redefine its valuation.

In a market where U.S. copper supply is increasingly tied to politics and policy, Gunnison offers investors a “Made-in-America” exposure to one of the world’s most critical industrial metals — at a fraction of peer valuations.

The full Cashu Research report dives into:

  • Gunnison’s new partnership with Rio Tinto Nuton
  • The economics behind its updated PEA and production targets
  • Key risks and catalysts for a 2026 re-rating
  • Comparative valuations across Arizona copper peers

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