The Yellowhead Project has potential to be one of the most significant copper mines in North America. Credit: Taseko Mines
Taseko Mines (TSX: TKO; NYSE-A: TGB; LSE: TKO) has released an updated technical report for the Yellowhead project in British Columbia that confirms its potential to become a Tier 1 copper asset similar to its Gibraltar mine nearby.
The report, published in compliance with NI 43-101 standards, envisions the Yellowhead as a 90,000-tonne-per-day open pit mine that would run for 25 years, producing 178 million lb. of copper annually at cash costs of $1.90 per lb. Over the first five years, average production could reach 206 million lb. at $1.62 per pound.
The mine’s after-tax net present value, using an 8% discount rate and metals prices of $4.25/lb. copper, $2,400/oz. gold and $28.00/oz. silver., is pegged at C$2 billion, with an internal rate of return of 21%. The initial capital…
