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.