Western Copper and Gold Corporation (WRN)

Symbol Overview

WRNhttp://www.nasdaq.com/symbol/wrnBasic Industries2011Precious Metals

Latest Western Copper and Gold Corporation (WRN) company news

Free Research Report as SRC Energy's Quarterly Earnings Advanced 170%

Stock Monitor: Western Copper and Gold Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 4, 2018 / If you want access to our free earnings report on SRC Energy Inc. (NYSE: SRCI), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SRCI. The Company reported its financial results on May 02, 2018, for the first quarter of the fiscal year 2018 ended March 31, 2018. The Company surpassed analysts' estimates for earnings and revenues in Q1 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Western Copper and Gold Corporation (NYSE AMER: WRN), which also belongs to the Basic Materials sector as the Company SRC Energy. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=WRN

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, SRC Energy most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=SRCI

Earnings Highlights and Summary

SRC Energy's oil, natural gas, and natural gas liquids (NGLs) revenues reached $147.23 million in Q1 FY18, reflecting an increase of 236.23% from $43.79 million in Q1 FY17. The Company's revenue numbers exceeded analysts' consensus estimates of $146.40 million.

For the quarter under review, crude oil's net volumes increased 200% to 2,041 MBbls on a y-o-y basis; natural gas's net volumes advanced 124% to $7,719 MMcf on a y-o-y basis; and NGLs jumped 121% to 758 MBbls on a y-o-y basis.

During Q1 FY18, SRC Energy incurred total expenses of $69.88 million, 153.76% higher than $27.54 million in Q1 FY17. For the quarter under review, the Company's lease operating expenses increased 112.14% to $7.90 million on a y-o-y basis and its production taxes jumped 816.98% to $13.44 million on a y-o-y basis. SRC Energy incurred general and administrative (G&A) expenses of $9.60 million in Q1 FY18, 17.07% higher than $8.20 million in Q1 FY17. SRC Energy's operating income advanced 375.93% to $77.36 million in Q1 FY18 from $16.25 million in Q1 FY17.

SRC Energy had a net income of $65.80 million in the quarter ended March 31, 2018, 230.97% higher than $19.88 million in the same period of the previous year. The Company's diluted net income per share also rose 170% to $0.27 in the reported quarter from $0.10 in Q1 FY17; beating analysts' consensus estimates of $0.25. The reported results included depreciation, depletion, and accretion; stock-based compensation; gain on commodity derivative contracts; cash settlements on commodity derivative contracts; and income tax expenses. SRC Energy's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) were $115.70 million in Q1 FY18, an increase of 256.28% from $32.48 million in Q1 FY17.

Cash Matters

SRC Energy had cash and cash equivalents of $71.74 million as on March 31, 2018, an increase of 47.10% from $48.77 million as on December 31, 2017.

SRC Energy's net cash flow from operating activities was $127.68 million in the three months ended March 31, 2018, versus $29.36 million in the comparable period of last year. The Company's capital expenditure for drilling and completion activities was $100.35 million in Q1 FY18, 80.92% higher than $55.46 million in Q1 FY17.

On April 02, 2018, SRC Energy entered into a new amended and restated credit agreement for its revolving credit facility. Among other provisions, the Company's borrowing base under the credit agreement was increased to $550 million, with aggregate elected commitments of $450 million. At present, the Company has no amounts drawn on the facility.

Stock Performance Snapshot

June 01, 2018 - At Friday's closing bell, SRC Energy's stock climbed 2.70%, ending the trading session at $13.29.

Volume traded for the day: 3.24 million shares, which was above the 3-month average volume of 2.75 million shares.

Stock performance in the last month – up 20.49%; previous three-month period – up 47.67%; past twelve-month period – up 89.05%; and year-to-date – up 55.80%

After last Friday's close, SRC Energy's market cap was at $3.21 billion.

Price to Earnings (P/E) ratio was at 15.54.

The stock is part of the Basic Materials sector, categorized under the Industrial Metals & Minerals industry. This sector was up 0.2% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: [email protected]
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

Western Copper and Gold Announces Voting Results From Annual Shareholders’ Meeting

VANCOUVER, British Columbia, May 30, 2018 (GLOBE NEWSWIRE) -- Western Copper and Gold Corporation (“Western” or the “Company”) (WRN.TO) (NYSE MKT:WRN) announces the voting results from the Company’s Annual General Meeting (“AGM”) held on May 30, 2018. 

All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and information circular dated April 16, 2018 were approved by the requisite majority of votes cast at the AGM. All nominees listed in the information circular were elected as directors.

A total of 41,980,011 common shares were represented at the AGM, representing 42.17% of the votes attached to all outstanding common shares as at the record date. Shareholders voted in favour of setting the number of directors at five (5) and elected all incumbent directors, as follows:

        Director Votes For % For Votes Withheld % Withheld
       
        Dale Corman 25,644,416 99.41% 151,056 0.59%        
        Robert Gayton 25,644,050 99.41% 151,422 0.59%        
        Archie Lang 25,620,135 99.32% 175,337 0.68%        
        David Williams 25,632,077 99.37% 163,395 0.63%        
        Klaus Zeitler 25,643,596 99.41% 151,876 0.59%        

Shareholders also approved: (i) the appointment of PricewaterhouseCoopers LLP as auditors of the Company and authorized the directors to set their remuneration, and (ii) the Company’s stock option plan.

The Company's report of voting results will be available on SEDAR (www.sedar.com), EDGAR (www.sec.gov/edgar.shtml), and on the Company's website.

CHAIRMAN’S MESSAGE

Dale Corman, Western’s Executive Chairman, provides commentary on the Company and the copper market in his letter to shareholders:

It is now apparent that there is no possibility that copper supply will match demand in the foreseeable future.  Copper demand will exceed supply in 2018 and the supply gap will progressively become worse as we move forward.  Exchange inventories will quickly decline and there will be a scramble by consumers to secure copper to meet their needs.  This should result in a substantial rise in the price of copper and the shares of those copper companies that have large economic copper reserves.

“Our Casino deposit is in the enviable position of offering substantial production, initially producing over 100,000 tonnes per annum of copper, an attractive location, and superior economics – even at conservative copper prices.  These factors put it at the top of any list of new development targets.”

The complete Chairman’s Letter can be viewed at www.westerncopperandgold.com/events/agm-2018.

ABOUT WESTERN COPPER AND GOLD CORPORATION

Western Copper and Gold Corporation is developing the Casino Project, Canada’s premier Copper-Gold mine in the Yukon Territory.  For more information, visit www.westerncopperandgold.com.

On behalf of the board,

“Paul West-Sells”

Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

For more information, please contact:

Chris Donaldson,
Director, Corporate Development
604.638.2520 or [email protected]

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western’s operations in future periods. Statements that are not historical fact are “forward-looking statements” as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and “forward looking information” as that term is defined in National Instrument 51-102 (“NI 51-102”) of the Canadian Securities Administrators (collectively, “forward-looking statements”). Certain forward looking information should also be considered future-oriented financial information (“FOFI”) as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management’s expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible” and similar expressions, or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding perceived merit of properties; mineral reserve and resource estimates; capital expenditures; feasibility study results (including projected economic returns, operating costs, and capital costs in connection with the Casino Project); exploration results at the Company’s property; budgets; work programs; permitting or other timelines; strategic plans; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western’s AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Dow, S&P 500 and Nasdaq Finish Higher After Late Rally

[unable to retrieve full-text content]A late rally pushed all three indices into the green for the day.

Western Copper and Gold Provides Update on Casino Project

VANCOUVER, BC--(Marketwired - September 22, 2017) - Western Copper and Gold Corporation ("Western" or the "Company") (WRN) (NYSE American: WRN) (NYSE MKT: WRN) is pleased to provide an update on Casino Project activities. During the past few months, the Company has confirmed that the expected economic returns from its Feasibility Study are still relevant and current, received commitment from the Yukon and Federal Governments on key road infrastructure, and has continued engagement with local communities as part of its permitting efforts.

CASINO PROJECT FEASIBILITY STUDY PRICING REVIEW

In association with M3 Engineering & Technology Corp., the Company has conducted a pricing review (the "Review") of the January 25, 2013 Casino Project Feasibility Study (the "Feasibility Study"). The Review indicates that the Casino Project's economic metrics, such as internal rate of return and net present value, at current commodity prices and exchange rates are comparable to the base case metrics in the Feasibility Study. Capital and operating costs were updated as part of the analysis, including updated costs for mining and major process equipment, power plant costs, major bulk materials (e.g. structural steel), and construction and operating labour rates. There has been no change to the mineral resource or reserve estimate or to other technical information contained in the Feasibility Study.

The Feasibility Study showed that the Casino Project is expected to have an after-tax net present value of $1.83 billion (8% discount rate), an after-tax internal rate of return of 20.1% and a 3.0 year pay-back period over its 22 year mine life. Commodity prices used in the Feasibility Study base case were as follows: Copper -- US$3 per lb; Gold -- US$1,400 per oz; Molybdenum -- US$14 per lb; and Silver -- US$25 per oz. The exchange rate applied to commodity prices was US$0.95 to $1.00.

The full text of the Feasibility Study is available under the Company's profile on SEDAR.

ROAD FUNDING

As previously announced on September 5, 2017, the Yukon Government and the Federal Government have committed to fund the upgrade of the existing access road and 30% of the new access road to the Casino Project as part of the Yukon Resource Gateway Application ("Gateway"). Recent discussions with the Yukon Government indicate that work towards building these roads is underway, starting with permitting for construction of a by-pass that will allow mining-related traffic to avoid the town of Carmacks, a key mitigation measure identified by the local community.

PERMITTING

The Company has been advancing certain key permitting activities required to prepare its Environmental and Socio-Economic Statement ("ESE Statement"). A large part of the initiative has been the Best Available Tailing Technology ("BATT") review process relating to the design of the tailings and waste management facility. In this regard, Western is following the roadmap identified by the British Columbia Government, and being contemplated by the Yukon Government, to receive and consider feedback from key stakeholders. The goal is to come to a tailings management facility design that uses the best available tailings and mine waste deposition technology and has buy-in from the community, First Nations, and regulatory authorities.

Due to the timing of BATT review process and Yukon Government timelines on the permitting of the road upgrades as part of the Gateway funding, the Company has advised the Yukon Environmental and Socio-economic Assessment Board that it will delay submission of its ESE Statement to the end of 2018.

Cameron Brown, P. Eng, the Company's VP Engineering and a Qualified Person (as defined in National Instrument 43-101) has read, verified and approved the scientific and technical disclosure contained in this news release.

ABOUT WESTERN COPPER AND GOLD CORPORATION

Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world. For more information, visit www.westerncopperandgold.com.

On behalf of the board,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding perceived merit of properties; mineral reserve and resource estimates; capital expenditures; feasibility study results (including projected economic returns, operating costs, and capital costs in connection with the Casino Project); exploration results at the Company's property; budgets; permitting or other timelines; economic benefits from the mine and/or the access road; strategic plans; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Western Copper and Gold to Attend Upcoming Events

VANCOUVER, BC--(Marketwired - September 07, 2017) - Western Copper and Gold Corporation ("Western" or the "Company") (WRN) (NYSE American: WRN) (NYSE MKT: WRN) announced today that Management will be attending the following investor conferences and mining events:

  • Rodman & Renshaw Global Investment Conference in New York, New York

Chris Donaldson, Manager, Corporate Development will present on Monday, September 11 at 4:40 PM Eastern Time. For more information: http://www.hcwainwright.com/assets/images/NYC_2017_General_v3.pdf

  • Yukon Mining Investment Luncheon with Yukon Premier Sandy Silver, the Yukon Mining Alliance and the Yukon Chamber of Mines

Come see why the Yukon is the #1 mining jurisdiction in the world for mining investment. This invitation-only event will take place on Friday, September 15th at the St. Andrews Club in Toronto. Paul West-Sells, President & CEO of Western Copper and Gold and Chair of the Yukon Mining Alliance is proud to be a part of this event along with other leaders of the next generation of Yukon Mines.

  • Precious Metals Summit in Beaver Creek, Colorado

Paul West-Sells, President & CEO will be presenting on Tuesday, September 19 at 9:15 AM Mountain Time. For more information: http://www.precioussummit.com/event/2017-summit-colorado/

  • Denver Gold Forum in Colorado Springs, Colorado

Paul West-Sells, President & CEO will be presenting on Monday, September 25 at 1:30 PM Mountain Time. For more information: http://www.denvergoldforum.org/dgf17/

If you are attending any of the above conferences and would like to set up a time to meet with Western, please do not hesitate to contact us.

In anticipation of the above-mentioned events, the Company has released an updated Corporate Presentation. The updated presentation can be viewed on our website.

ABOUT WESTERN COPPER AND GOLD CORPORATION

Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world. For more information, visit www.westerncopperandgold.com.

On behalf of the board,

"Paul West-Sells"
Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

Leave a Reply

Your email address will not be published. Required fields are marked *