Selkirk Copper’s Minto posts $494M value, nearly triple its build costs
A PEA for Selkirk Copper's Minto project in Yukon values it nearly three times its $186M initial capital costs.
Selkirk Copper Mines' Minto project in Yukon has been given a $494 million value in a preliminary economic assessment (PEA), nearly tripling its initial capital costs of $186 million. The after-tax net present value (NPV) and post-tax internal rate of return stand at 47.8%, with a relatively short payback period of 1.9 years. The positive economics outlined in the PEA make the company's restart decision plausible upon completion of a feasibility study and permit amendment receipt in the second half of 2027, with targeted first concentrate production by the second half of 2028.
Despite the strong PEA base case, Selkirk shares fell 18% to C$1.41 apiece on Tuesday morning, valuing the company at approximately C$223.6 million. Minto, located about 240 km northwest of Whitehorse, could produce 18.4 million tonnes of copper, 271,000 oz. gold, and 2.4 million oz. silver over a 13-year life from both open pit and underground operations. Currently, the share price of Selkirk stands at around C$223.6 million.
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