Gold
$4,594 /oz
1.86%
|
Copper
$5.99 /lb
1.85%
|
TSX:WRN
C$4.68
4.7%
|
NYSE:WRN
$3.39
5.28%

Project Design

Commitment to Safety & Environmental Standards

Environmental protection, safety, and engineering excellence are at our core. Our technical approach is built on independent oversight, rigorous risk assessments, and adherence to internationally recognized standards.

Exceptionally low strip ratio

The mine plan yields a highly favourable life-of-mine strip ratio of 0.43:1 – one of the lowest in the industry. Casino’s combination of grade and strip ratio enhances the project’s economic efficiency and delivers robust project economics.

Dual processing infrastructure

The mine plan centers on a 120,000 tpd concentrator that will process sulphide ore through a conventional crushing and single-line SAG grinding circuit, followed by flotation to produce gold-rich copper and molybdenum concentrates.

Complementing this primary facility, a 25,000 tpd heap leach operation will process oxide ore using a crushing circuit feeding a valley-fill heap leach system, with gold and silver recovery through carbon adsorption and copper recovery via SART processing.

Projected production over mine life

Over its 27-year mine life, Casino is estimated to produce:

  • 4.4 billion pounds of copper
  • 7.1 million ounces of gold
  • 407.3 million pounds of molybdenum
  • 37.9 million ounces of silver

Strong project economics

At conservative base case commodity prices, the Feasibility Study demonstrates robust project economics with an after-tax NPV8% of C$2.33 billion, an IRR of 18.1%, and a payback period of 3.3 years.

Metallurgy and concentrate quality

Extensive metallurgical test work supports strong recoveries using conventional processing methods to produce clean, high-quality concentrates. With no offtake commitments in place, Western Copper and Gold maintains complete commercial flexibility for these concentrates.

Casino’s long mine life, high concentrate tonnage, and low impurities position its concentrates as some of the most desirable globally.

Favourable site characteristics

Casino benefits from favourable site characteristics, including relatively low elevation (~1,200 masl), gently rolling terrain, and sparse vegetation. These features make Casino highly buildable, simplifying development and minimizing environmental impact.

Base case commodity prices

Highlights from 2022 Feasibility Study

Copper

$3.60/lb

Gold

$1,700/oz

Molybdenum

$14/lb

Silver

$22/oz

2022 Feasibility Study Snapshot

Stage

Development (environmental assessment stage)

Mine Life

27 years

Throughput

Mill: 120,000 tpd

Heap Leach: 25,000 tpd

Average Annual Production

Cu: 164 Mlbs

Au: 259 Koz

Ag: 1,392 Koz

Mo: 15 Mlbs

Strip Ratio
0.43:1
Pre-Production Capital
C$3.62 billion
C1 Cash Costs
$(0.80)/lb Cu, net of by-product credits
Revenue Mix
47% Cu, 36% Au, 15% Mo, 2% Ag
Annual After-Tax Cash Flow
C$517 million

Cash Flow and Production Profile (2022 Feasibility Study)

Year 1-4
Life-Of-Mine

Average Annual Cash Flow & Costs

After-Tax Cash Flow
C$951 million

C$517 million

Net Smelter Return

C$43.15/t milled

C$29.08/t milled
Operating Cost

C$11.16/t milled

Average Annual Production
Copper
242 Mlbs
164 Mlbs
Gold
406 Koz
259 Koz
Molybdenum
15.5 Mlbs
15.1 Mlbs
Silver
1,755 Koz
1,392 Koz
Copper Equivalent
505 Mlbs
353 Mlbs
Gold Equivalent
1.1 Moz
747 Koz

Projected Capital Expenditures (2022 Feasibility Study)

Estimated initial pre-production capital of C$3.62 billion.

Mining
C$661 million
Processing
C$915 million
Tailings and Water Management
C$503 million
On-Site Infrastructure
C$608 million
Off-Site Infrastructure
C$90 million
Indirect Costs
C$431 million
Contingency
C$369 million
Owner’s Costs
C$41 million

Total Pre-Production Capital

C$3,617 million

Sustaining Capital (2022 Feasibility Study)

Estimated sustaining capital of C$751 million over the life-of-mine.

Mining (2022 Feasibility Study)

A conventional truck and shovel open-pit operation. Casino stands out among its peers with an exceptionally low strip ratio.
Strip Ratio (waste:ore)
0.43:1 (0.26:1 in Year 1-4)
Total Material Mined
2.04 Bt
Total Ore Mined
1.43 Bt

Cost Profile (2022 Feasibility Study)

Casino’s ultra-low strip ratio minimizes waste rock movement, reducing hauling costs – the largest component of mining costs. Processing costs benefit from the deposit’s medium-soft ore and significant economies of scale.
By-Product Costs
Copper Cash Cost (net of by-product credits)
$(0.80)/lb
Co-Product Costs
Copper Cash Cost (co-product)
$1.54/lb
Gold Cash Cost (co-product)
$799/oz

Global Standards. Independent oversight.

Independent engineering review panel (IERPs)

Casino’s tailings and heap leach facilities are guided by external oversight. These IERPs include globally recognized experts who validate our approaches and ensure alignment with international standards, including:

  • Global Industry Standard on Tailings Management (GISTM)
  • International Commission of Large Dams (ICOLD)
  • Canadian Dam Association (CDA)
  • Mining Association of Canada’s Towards Sustainable Mining (TSM) standards

The BATT study

From 2017–2018, Western Copper and Gold undertook a comprehensive Best Available Tailings Technology (BATT) study, involving:

  • 495 site and configuration candidates
  • 8-step risk and feasibility screening
  • 17 months of workshops and consultations
  • A Tailings Working Group with First Nations, regulators, and engineering advisors

The outcome was a tailings management plan that meets the highest level of environmental safety and stakeholder input.

MAC & TSM membership

Western Copper and Gold is a proud member of the Mining Association of Canada and fully adheres to its Toward Sustainable Mining (TSM) standards.

The TSM initiative promotes accountability beyond regulation, with protocols covering tailings management, Indigenous engagement, and community well-being.

Learn more about the Casino Project

Learn more about one of Canada’s largest undeveloped deposits.