Western Copper and Gold (WRN)
Advances the Casino copper-gold project through permitting, engineering and First Nations engagement.
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Advances the wholly owned Casino project in Yukon toward a proposed copper, gold, molybdenum and silver mine. It is a single-asset developer that funds permitting, engineering and infrastructure work rather than mineral production.
Advances the wholly owned Casino project in west-central Yukon, a proposed open-pit mine designed to produce copper concentrate with associated gold and silver, separate molybdenum concentrate, gold-silver doré and copper-sulphide precipitate. The single operating segment covers mineral-property acquisition, exploration and future development; there is no producing property or production revenue. Current work pairs environmental assessment and permitting with engineering, First Nations engagement, transportation planning and power infrastructure.
Executes through Casino Mining Corp. while coordinating with affected First Nations and public assessment bodies. Casino lies primarily within Selkirk First Nation traditional territory, while its proposed access road also crosses Little Salmon/Carmacks First Nation traditional territory. The project’s path depends on the YESAB review, subsequent licensing, external capital, a new access road, power and long-haul transport to Skagway.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 4, 2026 | H.C. Wainwright | Reiterate | Rating: —Target: — | Target: $5.75 |
| Aug 26, 2026 | UBS | Reiterate | Rating: —Target: — | Target: $5.25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $91.4M · Total debt $530.6K · Total assets $202.3M · Shareholders' equity $198.6M
- Revenue
- $0
- Operating income
- −$1.9M
- Net income
- −$1.2M
Reported in CAD, converted at the latest exchange rate
No dividends on record.
| Institutions | 22.66% | 45.86M ADS | |
|---|---|---|---|
| 91 holders · as of Jun 30, 2026 | |||
| Strategic holders | 4.00% | 8.09M ADS | |
| 1 holder · as of May 1, 2023 | |||
| Other | 73.34% | 148.39M ADS | |
| remainder | |||
202.34M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (202.34M in the company's Sep 22, 2026 report, 225.63M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Kopernik Global Investors, LLCInstitution | 6.49% | 13.12M | filed Feb 12, 2025 |
Toroso Investments, LLCInstitution | 4.18% | 8.47M ADS | as of Jun 30, 2026 |
Mitsubishi Materials CorporationStrategic | 4.00% | 8.09M | filed May 1, 2023 |
Franklin Resources IncInstitution | 2.51% | 5.07M ADS | as of Jun 30, 2026 |
Claret Asset Management CorpInstitution | 1.83% | 3.70M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- TKO Group
Large Canadian copper project contending for capital, offtake, and engineers.
- Trilogy Metals
Remote Alaskan copper project competing for permits, roads, capital, and talent.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Western Copper and Gold | $2.48 | +4.43% | $534.8M | — | — | — | — |
| TKO Group | $188.57 | −1.33% | $14.33B | 65.9 | 33.8 | 2.7 | +18.2% |
| Trilogy Metals | $3.42 | +2.25% | $577.0M | — | — | — | — |
| Median | 65.9 | 33.8 | 2.7 | +18.2% |