Gunnison Copper Project PEA Reports $2.0 Billion NPV and 22.5% IRR
The Gunnison Copper Project's Preliminary Economic Assessment (PEA) indicates strong economic viability with a post-tax NPV of approximately $2.0 billion and an internal rate of return (IRR) of 22.5%. This project is expected to significantly contribute to the US copper supply, with an average annual production of 174 million pounds over the first 15 years.
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The Gunnison Copper Project, located in Cochise County, Arizona, presents a PEA with an after-tax NPV8 of $2.0 billion and a 22.5% IRR, based on a copper price of $4.60/lb. The project anticipates 3.2 billion lbs of copper production over a 21-year lifespan, with cash costs at $1.70/lb and all-in sustaining costs at $2.05/lb.
Economic assessments reveal a payback period of 3.9 years and an estimated creation of over 112,744 job years. The project utilizes open-pit mining with an average annual output of 174 million lbs, potentially supplying over 11% of US refined copper production. The PEA includes inferred resources that are speculative and not categorized as reserves, indicating uncertainty in final outcomes.
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