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Taseko Mines Ltd on Thursday posted improved economics for the Yellowhead copper project in British Columbia when compared to a previous report in 2020. The Vancouver, Canada-based mining company said it has filed a new technical report for the site, which shows a 25-year mine life with average annual copper production of 178 million pounds. It said the total cash cost of the site is $1.90 per pound. The Yellowhead project is located in central British Columbia, Canada. Mining operations will be conducted from a single open-pit using truck-and-shovel mining techniques. ‘This new technical report establishes Yellowhead as a world-class copper project in a tier one jurisdiction,’ said Chief Executive Officer Stuart McDonald. ‘With strengthening copper prices, the project economics have improved significantly since the 2020 technical report. The project now has a C$2 billion net present value and the potential to become one of the largest copper mines in North America.’ Over the first five years of the mine’s life, Taseko said the grade is expected to average 0.32% copper, producing an average of 206 million pounds of copper at total cash costs of $1.62 per pound. It said the site has initial capital costs of C$2.0 billion with a payback period of 3.3 years. Taseko said the project has formally started the provincial and federal environmental assessment processes. ‘Additional environmental baseline studies, site investigation, modelling, engineering studies and community engagement will be required over the next few years to support project permitting initiatives,’ the company said. Shares in Taseko Mines were up 4.8% at 260.00 pence in London on Thursday afternoon. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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