Los Andes Copper Announces Positive PFS for Vizcachitas with a US$2.77 Billion Post-Tax NPV and 24% IRR
Los Andes Copper, a Canadian exploration and development company focused on advancing its Vizcachitas copper-molybdenum project in Chile, recently released its positive Preliminary Feasibility Study (PFS) results. The study highlighted the robust economics of the Vizcachitas project, showcasing a post-tax Net Present Value (NPV) of US$2.77 billion and an Internal Rate of Return (IRR) of 24%.
This announcement marks a significant milestone for Los Andes Copper, positioning the company as a key player in the copper mining sector. The positive PFS results underscore the project’s strong fundamentals and its potential to deliver substantial value to shareholders and stakeholders.
Key highlights of the PFS include the estimated average annual production of approximately 118,000 tonnes of copper and 24,000 ounces of gold over a mine life of 29 years. The study also outlined the low estimated all-in sustaining cost (AISC) of US$1.38 per pound of copper, further enhancing the project’s economic viability.
The Vizcachitas project benefits from its strategic location in the mining-friendly jurisdiction of Chile, a country known for its rich mineral resources and supportive regulatory environment. The project is situated in close proximity to key infrastructure, including roads, power, and water sources, which reduces development risks and operating costs.
Moreover, the Vizcachitas project boasts significant resource potential, with ample room for further expansion and optimization. Los Andes Copper plans to continue exploration activities to unlock additional value and enhance the project’s long-term growth prospects.
The positive PFS results have generated enthusiasm among investors and industry experts, reflecting confidence in the Vizcachitas project’s bright future. Los Andes Copper’s commitment to responsible mining practices and sustainable development further reinforces its credibility as a leading copper producer in Chile.
As the global demand for copper continues to rise, driven by the transition to renewable energy and electric vehicles, projects like Vizcachitas play a crucial role in meeting the industry’s needs. Los Andes Copper’s successful PFS outcomes position the company for further growth and value creation, solidifying its status as a prominent player in the copper market.
In conclusion, the positive PFS results for the Vizcachitas project underscore Los Andes Copper’s potential to deliver significant value and growth opportunities. With a strong focus on operational excellence, sustainability, and responsible mining practices, the company is well-positioned to capitalize on the growing demand for copper and contribute to Chile’s mining industry’s prosperity.
