trending Market Intelligence /marketintelligence/en/news-insights/trending/jujB4fUDoxibcCJR7Qjhxw2 content esgSubNav
In This List

Highland Copper outlines US$416M value for White Pine North project in Michigan

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Highland Copper outlines US$416M value for White Pine North project in Michigan

Highland Copper Co. Inc. said Sept. 23 that its preliminary economic assessment for its White Pine North copper project in Michigan outlined a posttax net present value, at 8% discount, of US$416 million, with an internal rate of return of 16.8% and a payback period of 5.2 years.

The assessment showed an initial capital expenditures of US$456.7 million, with a net of preproduction revenue of US$56 million.

The project has a mine life of 25 years, including a year of ramp-up, with an average annual life of mine payable copper production of 89 million pounds and 1.3 million ounces of silver, with life of mine cash costs of US$1.40 per pound, including royalties.

Highland Copper also estimated at the White Pine North project a mineral resource of 2.2 million pounds of contained copper and 27.2 million ounces of contained silver within 97.2 million tonnes grading 1.03% copper and 8.7 g/t silver, using a cut-off grade of 0.9% copper at the inferred category. The mineral resource estimate at the indicated category was 3.2 million pounds of contained copper and 63.8 million ounces of contained silver within 133.4 million tonnes grading 1.07% copper and 14.9 g/t silver.

In January, the company said that it has secured key permits needed to begin construction at its Copperwood copper project, also in Michigan.