Selkirk Copper’s $494M value for Minto nearly triple its costs
The mine could produce 18.4 million tonnes over a 13-year life from open pit and underground operations.
Selkirk Copper Mines' preliminary economic assessment (PEA) for its Minto project in Yukon reveals a $494 million (US$353 million) value, considerably higher than the project's estimated $186 million costs. Despite optimistic metal price assumptions, the PEA suggests the mine's profitability hinges on favorable metal prices and swift permitting.
The mine, located 240 km northwest of Whitehorse, could yield 18.4 million tonnes of copper, 271,000 oz. of gold, and 2.4 million oz. of silver over a 13-year lifespan. Selkirk's CEO, M. Colin Joudrie, indicated that the PEA paves the way for a restart decision by the second half of 2027, with initial concentrate production targeting H2-2028.
However, the positive economics reported in the PEA led Selkirk shares to drop over 18% to $1.41 apiece on Tuesday morning, currently valuing the company at approximately $272.8 million. The PEA does not include pre-capital expenditures, ongoing capital costs, or remaining permitting requirements.
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