Western Copper & Gold Corp

Description

Western Copper & Gold Corp is a Canadian developer whose sole material asset is the 100%-owned Casino copper-gold-molybdenum-silver project in Yukon, approximately 300 km northwest of Whitehorse.

The investment case is exceptional project scale, a 27-year reserve-based mine plan, strong by-product credits and strategic backing from Rio Tinto and Mitsubishi Materials. The 2022 Feasibility Study outlines a 120,000 tpd mill plus 25,000 tpd heap-leach operation, with average annual production of approximately 164 Mlb copper, 259 koz gold, 1.392 Moz silver and 15 Mlb molybdenum.

Casino remains in the YESAB Panel Review process. The Environmental and Socio-economic Effects Statement was filed in October 2025, and the sufficiency review and information-response process remain the critical path before technical review, hearings and final decision documents. At 30 June 2026, Western reported approximately C$58.0M cash and C$70.6M short-term investments with no funded debt, but this remains small relative to the C$3.617B initial capex requirement.

List of Projects:

Project 1: Casino Project, Yukon, Canada — Copper, Gold, Molybdenum, Silver
100%-owned flagship open-pit development project. Proven and Probable reserves comprise approximately 1.217 Bt of mill feed at 0.40% CuEq plus 209.6 Mt of heap-leach feed at 0.28 g/t AuEq, supporting an approximately 27-year mine life.

Project 2: Casino Core / Resource Upside, Yukon, Canada — Copper, Gold, Molybdenum, Silver
The higher-grade core supports stronger early-year economics. M&I resources contain approximately 7.64 Blb Cu, 14.8 Moz Au, 117.2 Moz Ag and 791 Mlb Mo, with additional inferred material and resources outside reserves providing mine-life and expansion optionality.

Weakness

List of projects

Project details have not been added yet.

Deep dive series

Track progress timeline

Forecast share price