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Western Copper and Gold announces positive feasibility study on Casino
$1.8 billion After-Tax NPV (8%) at long term metal prices After-Tax IRR 20.1% at long te...
About this update from Western Copper And Gold Corporation
[{"type":"text","content":"\n\n\n\n\n\n$1.8 billion After-Tax NPV (8%) at long term metal pricesAfter-Tax IRR 20.1% at long term metal pricesLong term metal prices:  Cu: US$3.00/lb, Au: US$1,400/oz, Ag: US$25/oz,\n Mo: US$14/lb8.9 million ounce gold reserve - an increase of 0.5 million ounces4.5 billion pound copper reserve\n\n\nVANCOUVER, Jan. 7, 2013 /CNW/ - Western Copper and Gold Corporation\n (\"Western\" or the \"Company\") (TSX:WRN; NYSE MKT:WRN) is pleased to\n release the results of its definitive feasibility study (the\n \"Feasibility Study\", or \"Study\") on its wholly-owned Casino\n copper-gold-molybdenum deposit in the Yukon (\"Casino\" or the\n \"project\").  This Study recommends that the project be constructed as\n an open pit mine, with a concentrator processing nominally 120,000\n tonnes per day and a gold heap leach facility processing nominally\n 25,000 tonnes per day.  Under the Study these facilities would produce\n an average of 399,000 ounces of gold, 245 million pounds of copper, 15\n million pounds of molybdenum, and 1.8 million ounces of silver per year\n during the first four years of production.\n\n\nThe Study succeeds the pre-feasibility study dated May 17, 2011 (the\n \"Pre-Feasibility Study\").  The Study incorporates an updated reserve,\n significant updated engineering, particularly in the areas of energy\n supply, metallurgy, and flow sheet design, and brings the engineering\n on the project to a feasibility level.\n\n\n\"We are enormously pleased with the Casino Feasibility Study\", said Dale\n Corman, Chairman and Chief Executive Officer. \"This Study establishes\n Casino as one of the very few world-class, long life, copper-gold\n projects with robust economics at a feasibly study level.  The Yukon is\n a top mining district, and we look forward to securing permits as our\n next step of development.\"\n\n\nIn this news release, unless otherwise indicated, references to \"$\" are\n to Canadian dollars and references to \"US$\" are to United States\n dollars.\n\n\nHIGHLIGHTS\n\n\nInitial Capital Investment\n\n\n \n\n \n\n \n\n\n \n\n\n$2.46 billion\n\n\nPayback period*\n\n\n \n\n \n\n \n\n\n \n\n\n3.0 years\n\n\n \n\n\n \n\n \n\n \n\n\n \n\n\n \n\n\nNPV pre-tax* (8% discount)\n\n\n \n\n \n\n \n\n\n \n\n\n$...