07:14 AM EDT, 06/28/2022 (MT Newswires) -- Western Copper and Gold Corp. (WRN.TO) reported Tuesday the results of a feasibility study on the Casino copper-gold-molybdenum deposit in the Yukon.
The company said the study outlined an after-tax net present value of $2.33 billion based on an 8% discount, with an 18.1% internal rate of return and a 3.3-year payback period in the base case.
Total initial capital investment was estimated at $3.62 billion, with average annual production projected at 163 million pounds of copper, 211,000 ounces of gold, 1.3 million ounces of silver and 15.1 million pounds of molybdenum.
"The results from the feasibility study confirm the project's robustness and ability to withstand inflationary pressures," President and CEO Paul West-Sells said.
"This study reaffirms Casino as one of the very few long-life copper-gold projects with robust economics in a top mining district, the Yukon."
The company said it is continuing to collaborate with strategic investor Rio Tinto and engage with First Nations and community stakeholders to advance the project, with the submission of an environmental and socioeconomic statement targeted in mid-2023.