Western Copper and Gold Corp. has indicated it will take a year longer to advance the proposal for its mammoth Casino mine project.
Western Copper and Gold Corp. has indicated it will take a year longer to advance the proposal for its mammoth Casino mine project. The company indicated Friday in a press release it is delaying the submission of the environmental and socio-economic statement until the end of 2018.
Western Copper and Gold was originally scheduled to submit the statement to the Yukon Environmental and Socio-economic Assessment Board by the end of this year.
Continuing work on the design of its tailings dam and pond, along with the time it will take the Yukon government to secure permits for improvements to the access road, are cited as the two factors behind the decision to delay the submission of the statement.
The Casino mine would be the largest mine in the Yukon’s history. It would boast production estimated at 120,000 tonnes per day, or 10 times the daily production of the former Faro lead-zinc mine.
It’s estimated it will cost an estimated $2.5 billion to bring the open pit project into production. The company is on record as having already spent more than $20 million preparing its application.
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