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Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based exploration stage company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial capital of Whitehorse. The Casino project is located on Crown land administered by the Yukon Government and is within the Selkirk First Nation traditional territory and the Tr’ondek Hwechin traditional territory lies to the north. The Casino Property lies within the Whitehorse Mining District and consists of approximately 1,136 full and partial Quartz Claims and 55 Placer Claims acquired in accordance with the Yukon Quartz Mining Act. The total area covered by Casino Quartz Claims is approximately 21,126.02 hectares (ha). The total area covered by Casino Placer Claims is 490.34 ha.


TSX:WRN - Post by User

Comment by CopperAndGold14on Jun 21, 2023 11:19am
125 Views
Post# 35507222

RE:RE:Rio invests in copper production !

RE:RE:Rio invests in copper production !I agree the Utah investment is not directly related to Casino, but we can gain insight into the financial calculations that are making sense for RIO to secure additional copper supply in the short term.  They are basically paying $500M USD now, to produce a 10-year revenue stream of around $230M a year. (based on $4/lb copper)  I think the key point of the Utah transaction is that it produces revenue quickly.  Casino does not produce revenue quickly, so there is less incentive for them to invest right now.
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