Western Copper and Gold releases results of its Casino Project study
The report said both financial and structural gains are expected throughout Canada.
Western Copper and Gold Corporation has published the results of a recent study conducted regarding the potential economic impact of its Casino Copper-Gold Project on the Yukon and Canada. MNP LLP recently completed research for Western’s wholly owned location.
Western Copper and Gold Corporation’s Casino Project is a copper-gold mining project that is known as one of the largest worldwide. The company said it is “committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.”
Part of the results come from the group’s Casino Feasibility Study and estimates that the project could contribute close to CA$44.3bn to the nation’s gross domestic product. The Casino Project is expected to yield $12.8bn in wages during its 27-year life cycle, according to the report.
Specially in the Yukon, the report said close to $1.3bn could be generated to benefit the local economy during each year of its operation.
Western President and CEO Paul West-Sells elaborated about the potential gains for the region.
He commented: “The Casino Project is one of the most significant critical minerals projects in Canada and in addition to providing much needed minerals to assist the energy transition will provide great economic benefit to the Yukon and Canada.”
He went on to add that the project could create opportunities and gains that transcend financial results.
He said in closing: “Additionally, the Casino Project will provide additional benefits such as training, education, and infrastructure enhancements, which will benefit the Yukon over the longer term.
“Importantly, we can do this while developing the Casino Project in a way that reflects Yukoners environmental and socio-cultural values.”
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