Taseko Mines Ltd. Boosts Economics of Yellowhead Copper Project with CAD 2 Billion NPV
- Taseko Mines reports a CAD 2 billion net present value for the Yellowhead Copper Project, enhancing its economic outlook.
- The project is expected to create 590 direct jobs and contribute CAD 3.2 billion in taxes over 25 years.
- Taseko is committed to environmental assessments and community engagement, ensuring sustainable development in British Columbia.
Taseko Mines Enhances Yellowhead Copper Project Economics
Taseko Mines Limited has unveiled substantial improvements in the economic outlook for its 100%-owned Yellowhead Copper Project in British Columbia, as highlighted in a recent technical report filed on July 10, 2025. The report reveals a remarkable net present value (NPV) of CAD 2 billion, representing a significant enhancement since the previous analysis in January 2020. This development positions the Yellowhead Project as a potential leader in North America's copper mining sector, bolstered by rising copper prices and a comprehensive feasibility study that has refined cost estimates and production forecasts.
The Yellowhead Copper Project, which Taseko acquired for CAD 16 million six years ago, is expected to create approximately 590 direct jobs along with 1,120 indirect and induced jobs. These employment opportunities are part of a broader economic impact that includes projected total tax contributions of CAD 3.2 billion over a 25-year operational span. The project promises an average annual copper production of 178 million pounds at a total cash cost of USD 1.90 per pound, with initial capital costs estimated at CAD 2 billion. The anticipated economic benefits are underpinned by investment tax credits totaling around CAD 540 million under Canada’s Clean Technology Manufacturing Investment Tax Credit.
Strategically located 300 km southeast of Taseko's Gibraltar Mine, the Yellowhead Project utilizes conventional mining techniques, including truck-and-shovel methods from a single open-pit. The project’s primary focus is on chalcopyrite, which is the dominant copper mineral. Taseko's commitment to community engagement and environmental assessments forms a key part of the permitting process, with further environmental studies and consultations planned in the coming years. Taseko’s President & CEO, Stuart McDonald, emphasizes the project's world-class potential in a tier-one jurisdiction, noting the significant economic advancements that have emerged from the latest technical assessment.
In addition to the promising financial metrics, Taseko Mines is actively pursuing necessary provincial and federal environmental assessments to facilitate project permitting. The upcoming phases of this process will involve comprehensive baseline studies, site investigations, and engineering work, ensuring compliance with regulatory standards. The Yellowhead Copper Project, with its improved economic viability, not only enhances Taseko's portfolio but also signifies a robust opportunity for sustainable resource development in British Columbia’s mining landscape.
Overall, Taseko Mines Ltd.'s strategic positioning and comprehensive planning in the Yellowhead Copper Project underscore its ambition to leverage favorable market conditions while contributing significantly to local economies and environmental stewardship.