Western Copper and Gold Provides Results of Casino Deposit; Shares Spike 8%

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Western Copper and Gold Corp. ( WRN ) today released the results of its definitive feasibility study on its wholly owned Casino copper-gold-molybdenum deposit in the Yukon. This study recommends that the project be constructed as an open pit mine with a concentrator processing nominally 120,000 tonnes per day and a gold heap leach facility processing nominally 25,000 tonnes per day. Under the study these facilities would produce an average of 399,000 ounces of gold, 245 million pounds of copper, 15 million pounds of molybdenum, and 1.8 million ounces of silver per year during the first four years of production.

WRN is up 8.3% at $1.43, trading in a 52-week range of $0.52 - $2.11. Shares have increased 17% in the last 12 months.




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This article appears in: Investing , Commodities

Referenced Stocks: WRN

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