Western Copper and GOLD Announces 2017 Results
TSX: WRN
NYSE AMERICAN: WRN
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NEWS RELEASE
March 23, 2018 Release 04-2018
WESTERN COPPER AND GOLD ANNOUNCES 2017 RESULTS
VANCOUVER, B.C. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX:WRN; NYSE
AMERICAN:WRN) reports its financial results for the year ended December 31, 2017.
“In 2017 , Western continued to advance the Casino Project. We completed a number of key permitting
initiatives and the Federal and Territorial Governments announced funding for the Casino access road,” said Dr.
Paul West-Sells, Chief Executive Officer. “In addition, the price of copper broke through US$3 per pound for the
first time since late 2014 and the outlook for copper is strong. With the Casino Proje ct mid -way through
permitting, Western is well positioned to benefit from this strengthened copper space.”
FINANCIAL RESULTS
This news release should be read in conjunction with the Company’s audited consolidated financial statements
for the year ended December 31, 2017, and the notes thereto, and management’s discussion and analysis
(“MD&A”) for the year ended December 31, 2017. All figures in Canadian dollars (“$”).
The Company incurred a loss of $2.7 million ($0.03 per common share) for the year ended December 31, 2017,
compared to a loss of $2.1 million ($0.02 per common share) during the year ended December 31, 2016.
Cash and short-term investments totaled $4.1 million as at December 31, 2017 compared to $6.8 million as at
December 31, 2016. The Company had working capital of $3.9 million as at December 31, 2017. Subsequent
to the year ended December 31, 2017, the Company completed a private placement for $3.4 million in gross
proceeds.
Western’s activities over the last few years have focused on permitting and engineering the Casino Project. The
Company incurred $1.9 million in expenditures related to advancing the Casino Project during the year ended
December 31, 2017 compared to $2.3 million during the year ended December 31, 2016.
FILINGS
The Company filed its annual information form, audited consolidated financial statements and MD&A for the
year ended December 31, 2017 with the appropriate Canadian regulatory bodies on March 22, 2018. These
filings are available for viewing on SEDAR at www.sedar.com.
The Company also filed its annual report on Form 40 -F with the U.S. Securities and Exchange Commission for
the year ended December 31, 2017 on March 22, 2018. Western’s Form 40 -F is available for viewing and
retrieval through EDGAR at www.sec.gov/edgar.shtml.
The filings described above are also available on the Company’s website. Western will provide a copy of the
filings to any shareholder, without charge, upon request. Requests may be made by email, telephone, or
regular mail.
TSX: WRN
NYSE AMERICAN: WRN
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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 the Company’s website: www.westerncopperandgold.com.
On behalf of the board,
“Paul West-Sells”
Dr. Paul West-Sells
President & CEO
For more information, please contact:
Chris Donaldson,
Manager, Corporate Development and Investor Relations
604.638.2520 or [email protected]
Cautionary Disclaimer Regarding Forward-Looking Statements and Information
Certain of the statements and information in this news release constitute “forward-looking statements” within the
meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information”
within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Forward-
looking statements generally express predictions, exp ectations, beliefs, plans, projections, or assumptions of
future events or performance and do not constitute historical fact. Forward -looking statements tend to include
words such as “will”, “may”, “could”, “expects”, “plans”, “estimates”, “intends”, “anticipates”, “believes”, “targets”,
“forecasts”, “schedules”, “goals”, “budgets”, or similar terminology. Forward -looking statements herein include,
but are not limited to, statements with respect to the Casino Project being Canada’s premier copper -gold mine,
Casino’s potential costs and production, and future market interest in the Company . Information concerning
mineral reserves and mineral resources also may be deemed to be forward-looking statements in that it reflects
a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined.
All forward-looking statements are based on Western’s current beliefs as well as various assumptions made by
and information currently available to them. Although management consi ders these assumptions to be
reasonable based on information currently available to it, they may prove to be incorrect. Forward -looking
statements are inherently subject to significant uncertainties and contingencies and are subject to important risk
factors and uncertainties, both known and unknown, that are beyond Western’s ability to control or predict.
Actual results and future events could differ materially from those anticipated in forward -looking statements.
Accordingly, readers should not place un due reliance on forward -looking statements. Western 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.