New Prosperity

New Prosperity Project Map

One of Canada's largest undeveloped copper-gold projects, New Prosperity has the potential to create significant economic and social value, both in and beyond British Columbia.

The Prosperity deposit is a gold-copper porphyry with a one billion tonne measured and indicated resource containing 5.3 billion pounds of copper and 13.3 million ounces of gold. At metal prices of US$1,000/ounce gold and US$3.15/pound copper the project has a pre-tax net present value of C$3 billion and a 40% pre-tax internal rate of return. At long-term gold and copper prices the project has robust economics.

New Prosperity is a project that holds the potential to dramatically increase shareholder value and improve the economic well-being of local communities. Development of this large-scale deposit will be a major step towards transforming Taseko into a strongly positioned mid-tier mining company.

Highlights

  • Large undeveloped gold-copper project: A one billion tonne measured and indicated resource containing 5.3 billion pounds of copper and 13.3 million ounces of gold.
  • Robust economics: Pre-tax net present value of C$3 billion and a 40% pre-tax internal rate of return
.