Western Copper and Gold’s Casino Project Holds Economic Promise for Yukon

Western Copper and Gold Corporation (TSX:WRN, NYSE:WRN) announced updated results from a study on the potential economic impact of their Casino project in the Yukon.

As quoted in the press release:

The report highlights the impressive cumulative economic effect that developing Casino will have on Yukon and Canada during the project’s construction and operation. The Casino project is estimated to contribute $9.7 billion to Canada’s Gross Domestic Product, create 51,373 full-time equivalent positions (“FTE”), and generate $2.5 billion in wages and salaries. Note that the use of full-time equivalent positions (“FTEs”) is a method to account for partial employment or employment for different durations and 1.0 FTE is equivalent to a full-time job for one year of employment.

Western Copper and Gold’s Chairman and CEO, Dale Corman, said:

In addition to the great economic benefit, the Casino project will provide other benefits such as training, education, and infrastructure, which will benefit the Yukon over the longer term.

To view the whole press release, click here.