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Why Western Copper and Gold?
One of Canada’s largest and most advanced copper-gold projects, with decades of production potential, endorsed by major mining companies, and structural advantages that deliver robust economics.
Opportunity overview
Western Copper and Gold is advancing one of the world’s most economically compelling greenfield copper-gold projects.
Located in the Yukon, Casino offers senior-scale production over a multi-decade mine life, with robust economics and a rapid payback that significantly de-risks the initial capital expenditures.
Casino’s extensive resource base (beyond current reserves) provides exceptional built-in optionality and leverage to rising commodity prices.
Endorsed by mining giants
Rio Tinto and Mitsubishi Materials, two of the most respected companies across the mining and materials value chain, have made strategic equity investments in Western Copper and Gold. Both strategic investors hold seats on our Technical and Sustainability Committee, adding multidisciplinary expertise to project development.
Western Copper and Gold maintains 100% ownership of the Casino Project with full offtake flexibility preserved.
Rio Tinto
Mitsubishi Materials
Latest News
A Rare Opportunity in Copper-Gold
Large Scale Production
353Mlbs CuEq (747,500 oz AuEq) annually over a 27-year mine life.
Low operating costs
C1 cash cost (by-product) of $(0.80)/lb Cu; bottom of the copper cost curve given significant precious metal by-products.
Ultra-low strip ratio
0.43:1 over the life-of-mine (0.26:1 in Year 1-4); one of the lowest in the industry.
Exceptional early economics
Core Zone drives 3.3-year payback at conservative commodity prices; C$951M/yr in after-tax cash flow in Year 1-4.
Attractive commodity mix
Complimentary exposure to copper and gold.
Strategic endorsements
Strategic investments from Rio Tinto and Mitsubishi Materials; both sit on the Technical and Sustainability Committee.
Technical advantages
Shallow, disseminated orebody with the highest grades at the surface; conventional processing.
Strategic Value & Global Relevance
Casino is precisely the type of large-scale, long-life asset needed to drive meaningful regional development in the North and advance Canada’s role in the global energy transition.
Investor Resources & Financial Reports
Share Structure
As of November 14, 2025
Basic Shares Outstanding
201,654,292
Options
6,969,963
Warrants
0
RSUs / DSUs
1,382,689 RSUs and 485,238 DSUs
Fully Diluted Shares Outstanding
210,492,182
2022 Feasibility Study Snapshot
Stage
Development (environmental assessment stage)
Mine Life
27 years
Mill: 120,000 tpd
Heap Leach: 25,000 tpd
Cu: 164 Mlbs
Au: 259 Koz
Ag: 1,392 Koz
Mo: 15 Mlbs
Analyst Coverage
Western Copper and Gold is covered by the analysts listed below.
Please note that any opinions, estimates, or forecasts regarding Western Copper and Gold’s performance made by these analysts are theirs alone and do not represent opinions, forecasts, or predictions of Western Copper and Gold or its management.
Explore our Approach to Corporate Governance
Key Investor Documents
Western Copper and Gold is committed to providing our global stakeholders with timely and transparent reporting.
Access our quarterly and annual financial results, regulatory filings, technical summaries and key documents.