https://www.miningweekly.com
Construction|Copper|Engineering|Gold|PROJECT|Western Copper
Construction|Copper|Engineering|Gold|PROJECT|Western Copper
construction|copper|engineering|gold|project|western-copper

Casino copper/gold/molybdenum project, Canada – update

Aerial view of the Casino project

Photo by Western Copper and Gold Corporation

19th April 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Casino copper/gold/molybdenum project.

Location
Yukon, Canada. 

Project Owner/s
Western Copper and Gold Corporation.

Project Description
A feasibility study has confirmed Casino’s robustness and ability to withstand inflationary pressures.

The study proposes the construction of an openpit mine, with a concentrator processing 120 000 t/d to recover copper, gold, molybdenum and silver, as well as a 25 000 t/d oxide heap-leach facility to recover gold, silver and copper.

Average metal production is estimated at 163-million pounds a year of copper, 211 000 oz/y of gold, 1.28-billion ounces a year of silver and 15.1-million pounds a year of molybdenum.

Initial production will focus on the deposit’s oxide cap as a heap-leach operation to recover gold and silver in doré form. The main sulphide deposit will be processed using a conventional concentrator to produce copper/gold/silver/molybdenum concentrates.

The mill operation has a mine life of 27 years and the heap-leach operation a mine life of 24 years.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of $3.47-billion and an internal rate of return of 21.1%, with a payback of 3.3 years at a copper price of $3.60/lb and a gold price of $1 700/oz.

Capital Expenditure
The project requires an initial capital investment of $3.62-billion.

Planned Start/End Date
Not stated.

Latest Developments
Western Copper and Gold has upsized its bought-deal public offering to fund permitting and engineering work at its Casino project to $40-million.

The company announced an amended agreement on April 16 with Eight Capital, under which underwriters have agreed to buy, on a bought-deal basis, 21 055 000 shares at $1.90 each.

The underwriters have an over-allotment option to buy up to an additional 3 158 250 common shares, representing 15% of the offering, to cover over-allotments.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Western Copper and Gold, tel +1 604 684 9497 or email info@westerncopperandgold.com

Edited by Creamer Media Reporter

Comments

Latest News

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 June 2024
Magazine round up | 21 June 2024
21st June 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.142 0.195s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: