- Two-phase mine plan has an after-tax net present value (10%) of $1,296 million and generates an 18% internal rate of return at $3.50 per pound copper1
- Phase I reflects a standalone operation on private land and patented mining claims over a 16-year mine life with average annual copper production of approximately 86,000 tonnesi at cash costs and sustaining cash costs of $1.15 and $1.44 per pound of copperii, respectively, generating an after-tax net present value (10%) of $741 million and an internal rate of return of 17%1
- Phase I of the Copper World Complex includes a 60,000 ton per day sulfide concentrator, a 20,000 ton per day oxide heap leach, an SX/EW facility and a concentrate leach facility with an initial capital cost estimate of approximately $1.9 billion. The concentrator is intended to expand to 90,000 tons per day in Phase II
- The processing facilities are planned to have annual production capacity of 100,000 tonnes of copper cathode during Phase I and 125,000 tonnes of copper cathode during Phase II, and have been designed to reduce the project’s carbon footprint to produce “Made in America” copper
- Supports U.S. copper supply through onshore production of copper cathode expected to be sold entirely to domestic customers and eliminates GHG and sulfur emissions associated with overseas shipping and processing
- Phase II expands mining activities onto federal land and extends the mine life to 44 years with average annual copper production of approximately 101,000…
Hudbay Announces Robust Preliminary Economic Assessment for
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