Western Copper and Gold Corporation (TSX: WRN) shared today the results of its preliminary economic assessment for its wholly-owned Casino copper-gold-molybdenum deposit in the Yukon. The results highlighted a $2.3 billion after-tax NPV8% and 19.5% after-tax IRR.
The company also recorded potential total mineralized material mined of 1.3 billion tonnes over 25 years life of mine. The study considered Casino being constructed as an open-pit mine, processing nominally 120,000 tonnes per day and a gold heap leach facility processing nominally 25,000 tonnes per day.
Western Copper and Gold pegs after-tax free cash flow for the life of mine to be at $9.1 billion. The study used base case metal prices at US$3.35 per copper pound, US$1,600 per gold ounce, US$24.00 per silver ounce, and US$12.00 per molybdenum pound.
The payback period is estimated at 3 years at a net smelter return of $28.14 per tonne milled.
The estimate for the initial capital requirement is at around $3.3 billion while capital costs for the life of mine are pegged at $4.0 billion.
You may view the detailed results of Western Copper and Gold’s PEA of the Casino project here.
Western Copper and Gold Corporation last traded at $2.57 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.