Western Copper and Gold Reports $3.9 Million Loss for 2012

Western Copper and Gold Corporation (TSX:WRN, AMEX:WRN, NYSE:WRN) released their financial results for 2012, with highlights including a loss of $3.9 million. They also reported the results of the feasibility study from their Casino Project.

As quoted in the press release:

The Feasibility Study estimates a proven and probable mill ore reserve of 965 million tonnes at 0.204% copper, 0.24 g/t gold, 0.0227% molybdenum, and 1.74 g/t silver and a proven and probable heap leach ore reserve of 157 million tonnes at 0.292 g/t gold, 0.036% copper, and 2.21 g/t silver. Total contained metal in the combined proven and probable mineral reserve is equal to 4.5 billion pounds of copper, 8.9 million ounces of gold, 483 million pounds of molybdenum, and 65 million ounces of silver.

To view the whole press release, click here.