Western Copper Stock Price, News & Analysis

Western Copper and Gold Corporation (WRN) announced a new report detailing the economic impact of its Casino Copper-Gold Project in Yukon and Canada. The project is projected to contribute $44.3 billion to Canada's GDP, create 132,280 full-time equivalent jobs, and generate $12.8 billion in wages and salaries over its lifetime. The construction phase alone is expected to add $3.6 billion to Canada's economy and create 25,580 jobs. During operation, the project will contribute $1.5 billion to Canada annually, with significant tax revenues of $11.2 billion throughout its life.

Western Copper and Gold Corporation (TSX: WRN; NYSE American: WRN) has announced the extension of certain rights under the Investor Rights Agreement with Rio Tinto Canada Inc. The extension grants Rio Tinto ongoing rights, including appointing a member to a technical committee and a non-voting observer on the board, contingent upon their ownership remaining above 5% until November 28, 2023. This decision reflects a continued partnership as both companies assess the Casino Project, a significant copper-gold mining venture in Yukon, Canada.

Western Copper and Gold Corporation (TSX: WRN, NYSE: WRN) announced the results of its Feasibility Study for the Casino copper-gold-molybdenum project in Yukon. The study estimates an after-tax NPV of $2.3 billion and an IRR of 18.1% under base case metal prices: Cu: $3.60/lb, Au: $1,700/oz, Ag: $22/oz, Mo: $14/lb. Initial capital costs are projected at $3.62 billion, with an anticipated 27-year mine life. The study indicates robust economic returns, confirming the project's viability and potential for strong cash flow generation, averaging $951 million annually over the first four years.

Western Copper and Gold Corporation (WRN) announced its 2022 exploration and drilling program for the Casino Copper-Gold Project, supported by Rio Tinto. The program targets a significant deep magnetotelluric (MT) anomaly and includes various components such as exploration drilling, advanced geological core logging, and geotechnical drilling, totaling approximately 1,500 meters. A comprehensive COVID-19 policy is in place to ensure safety during operations. CEO Paul West-Sells highlighted the excitement surrounding the project, foreseeing its importance for upcoming development plans.

Western Copper and Gold Corporation (TSX: WRN) has released positive assay results from the first nine holes of its 2021 diamond drilling program at the Casino Project in Yukon, totaling 6,074.97 meters in 22 holes. Notable findings include DDH21-07 with a 289.6 m intercept of 1.01% CuEq and DDH21-09 with a 65.8 m intercept of 2.53% CuEq. The results reaffirm the significance of the Deposit Core, demonstrating improved grades and extended mineralization zones, which are anticipated to enhance the project’s economic viability.

Western Copper and Gold Corporation (TSX: WRN) announced an update on its 2021 exploration and drilling program at the Casino Copper-Gold Project. As of September 30, 2021, the field program is complete, including metallurgical and geotechnical drilling, resource confirmation, and exploration drilling totaling over 4,120 meters. The company also launched a feasibility study for the Casino Project, engaging M3 Engineering & Technology Corporation, with a target completion in Q2 2022. This study aims to demonstrate positive economic indicators based on the Preliminary Economic Assessment conducted earlier.

Western Copper and Gold Corporation (TSX: WRN) announced the results of its Preliminary Economic Assessment (PEA) for the Casino copper-gold-molybdenum deposit. The PEA indicates a robust NPV of $2.3 billion after tax at an 8% discount rate, with a 19.5% IRR and a payback period of 3 years. The project's development involves a 25-year mine life, with potential for extension to 47 years. The estimated initial capital investment is $3.25 billion, and the first four years of operation could generate $965 million in annual cash flow. The project aims for sustainable operation and significant community engagement.

Western Copper and Gold Corporation (WRN) announced a strategic investment of C$25.6 million from Rio Tinto Canada Inc. to further develop the Casino Project in the Yukon. Rio Tinto will acquire approximately 11.8 million common shares at C$2.17 each, totaling an 8.0% stake in Western. The investment will fund feasibility studies and permit advancements for the project. A rights agreement will allow Rio Tinto to appoint members to technical committees and observers to board meetings. The deal is expected to close around May 31, 2021, pending regulatory approval.

Western Copper and Gold Corporation (TSX: WRN, NYSE American: WRN) has initiated a Preliminary Economic Assessment (PEA) for its Casino Deposit in the Yukon, Canada. Engaging M3 Engineering & Technology Corporation to execute the PEA, the project aims to assess a large open-pit mining operation to recover copper, gold, silver, and molybdenum. Key components include a concentrator and a heap leach facility. The PEA is set for completion in the second quarter of 2021, with the goal of demonstrating positive economic indicators to support further development.