“The company is committed to ensuring that review of the Casino project occurs in a robust manner using the most up to date methodologies in environmental assessment and this review will achieve that without material impact to overall timelines,” CEO Paul West-Sells said in a media statement. “We remain confident that the Casino project is a great asset for Yukon that will provide benefits to Yukon communities and First Nations for generations to come.”
The feasibility study prepared for Casino gives the project an after-tax net present value (8% discount) of C$2.23 billion and an after-tax internal rate of return of 18.1%. A mine life of 27 years is anticipated, during which time the project will generate an after-tax cash flow of C$10 billion. Total pre-production capital needs will be C$3.62 billion, but the payback period is only three years.
The deposit has measured and indicated resources of 1.37 billion tonnes…
