President and CEO Vince Sorace says the engineers and designers have been looking to de-risk the project since the study was completed. They believe that by delaying the start of underground operations, C$50 million can be saved, according to in-house estimates. That saving and the existing streaming deal with Wheaton Precious Metals (C$76 million towards development capital), should bring the pre-production capex down to C$350 million.
Kutcho also plans to take advantage of the federal Critical Minerals Strategy and its C$1.5 billion promise to bring clean hydro power to northern projects. “Kutcho is engaged in discussions with federal and provincial government regarding potential extensions of existing transmission lines towards its project,” said Sorace.
As mentioned, deferring the start of underground mining to year two of operations would reduce the initial capital by C$40 million with little impact on both the net…
