Red Chris Copper / Gold Mine
Red Chris is a 30,000 tpd open pit conventional copper/gold mine. The mine is located in northwest British Columbia, 80 kms south of Dease Lake. The mine is owned by Imperial Metals Corporation who acquired the Red Chris property in 2007.
About This Project
Mine construction was undertaken between May 2012 and November 2014. Commissioning of the mill began late 2014 and the first copper concentrate was produced in February 2015. Mining activities are focused on both the East and Main zones, which will eventually form one large pit.
*Reserves are 301.5 million tonnes grading 0.359% copper and 0.274 g/t gold, providing for a 28 year project life at a milling rate of 30,000 tonnes per day. Recovered metal in concentrate would total 2.08 billion lbs copper and 1.324 million oz gold.
At monthly average metal prices of US$2.20/lb copper, US$900/oz gold, US$12.00 silver, and an exchange rate of CAD$1.00 to US$ 0.90 projected life of mine production cost per pound copper taking silver and gold as credit, is US$1.22.
(*ref 2012 Technical Report, updated Feb 2015)
Accessibility, benign topography, and amenable climatic conditions facilitate low capital and operating costs.
Red Chris will generate significant benefits to the northwest region producing extensive secondary supply and service contracts. Concentrate will be transported to the Port of Stewart, a distance of 320 km.
Red Chris and the Tahltan leadership negotiated and finalized an impact and benefit co-management agreement in early 2015. The mine is an important milestone for the Tahltan, Imperial Metals and the Province of British Columbia.
The mine is the largest employer in the northwest region, employing around 300 workers. Workers are flown and/or bused into Dease Lake and onto the mine site for two week rotation shifts.
The Red Chris property contains one of the world's largest porphyry copper gold deposits that potentially will support future mine expansion.
For more information about the Red Chris mine, see Imperial's website Imperialmetals.com
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