Highland Copper’s latest report on potential operations at White Pine projects that the mine could produce more than a million tons of copper, and 31-million ounces of silver.
The company recently released its Preliminary Economic Assessment. It projects start-up costs at around a half-billion dollars, and closure costs of around 116-million. The company estimates the mine would be productive for 25 years.
The fly in the ointment remains closing on the property. There have been numerous delays as Highland and current owner Copper Range try to work out a way to hold Copper Range harmless from future environmental contamination claims. The latest closing target date is January 31st, but Highland admits that might not happen.
Link to their full report on the White Pine project here.