Headquartered in Vancouver, BC Fiscal year ends December NYSE MKT: WRN westerncopperandgold.com
Western Copper and Gold Corporation is an exploration and permitting stage mining company listed on the TSX and NYSE American under the symbol WRN.
Through its wholly-owned subsidiary Casino Mining Corp., it is advancing the 100%-owned Casino project in Yukon, Canada. Casino is a copper-gold porphyry deposit that is among the largest undeveloped copper-gold deposits in Canada. The property is subject to a 2.75% NSR royalty held by Osisko Gold Royalties.
The 2022 feasibility study contemplates:
- an open pit mine feeding a 120,000 t/d concentrator that recovers copper, gold, molybdenum and silver;
- a 25,000 t/d oxide heap leach facility;
- a 27-year mine life;
- production of a high gold grade copper concentrate and a separate molybdenum concentrate.
The project is in the YESAB environmental assessment process. The company has not yet received the licenses and permits needed to move beyond the exploration and evaluation stage.
It has no production revenue. It funds its activities through equity financings and interest income on cash and GIC holdings, and has no line of credit.
Strategic shareholders are Rio Tinto (about 8.5%) and Mitsubishi Materials (about 5.0%). Both participate in the Casino Project Technical and Sustainability Committee, and Mitsubishi Materials holds offtake negotiation rights. Updated
Copper miners are quietly getting crushed while traders fixate on oil, and the selloff spreading across the entire complex may be signaling something far more consequential for the real economy than crude…
Western Copper and Gold Corporation is an exploration and permitting stage mining company listed on the TSX and NYSE American under the symbol WRN. Through its wholly-owned subsidiary Casino Mining Corp., it is advancing the 100%-owned Casino project in Yukon, Canada.
The Wall Street consensus 12-month price target for WRN is $5.50.
