Yellowhead Mining Reports Harper Creek Feasibility Study Results

Yellowhead Mining Inc.(TSX:YMI) announced the latest results from its Harper Creek Feasibility Study.

Highlights include:

• The project estimated pre-tax NPV8 is $749.7 million with an IRR of 20.2% for a 28 year project life at a milling rate of 70,000 tpd (25.55Mt/y), based on long-term metal price projections of US$2.50/lb Cu, US$1,250/oz Au and US$20/oz Ag, and a US$:Cdn$ exchange rate of 0.86:1.Capital costs are estimated at $838.95 million1 +/- 15% in Q4 2011 dollars, including contingency of 10% or $76.4 million.
• Life of Mine (“LOM”) onsite cash operating costs, including precious metal credits, are estimated at US$0.95/lb Cu (US$0.80/lb for the first 5 years) and total onsite and offsite cash cost (including precious metal credits) is estimated at US$1.56/lb Cu.

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