Copper Mining Projects Ranked by NPV
After-tax NPV, IRR, initial capex, mine life and AISC for 57 copper projects across 34 companies, extracted from technical reports and ranked. Sort any column to compare copper developers and producers.
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57 of 57 projects
| # | Project / Company | Study | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 | Hat Project Doubleview Gold Corp. (DBG.V) | Copper | PEA Apr 2026 | C$6.73B | 23% | C$3.60B | 25 yrs | — |
| 2 | Warintza Solaris Resources Inc. (SLS.TO) | Copper | Pre-Feasibility Nov 2025 | $4.60B | 26% | $3.68B | 22 yrs | 1.1 USD/lb |
| 3 | Berg Copper Project Surge Copper Corp. (SURG.V) | Copper | Pre-Feasibility Jun 2026 | C$4.59B | 23.8% | C$4.68B | 27.7 yrs | — |
| 4 | Buenavista del Cobre (BVC) Southern Copper Corporation (SCCO) | Copper | Pre-Feasibility Dec 2021 | $3.70B | — | $5.30B | 30 yrs | — |
| 5 | Green Bay Copper-Gold Project - Ming Deposit (4.6Mtpa Upscaled Case) FireFly Metals Ltd. (FFM.TO) | Copper | PEA Aug 2026 | A$3.00B | 39% | — | 22 yrs | — |
| 6 | Los Azules Copper Project McEwen Mining Inc. (MUX.TO) | Copper | Feasibility Sep 2025 | $2.94B | 19.8% | $3.17B | 21 yrs | 2.1 USD/lb Cu |
| 7 | Aurora Cu-Mo-Ag Project DLP Resources Inc. (DLP.V) | Copper | PEA Oct 2026 | $2.70B | 18.5% | — | 19 yrs | — |
| 8 | Los Azules Copper Project – NI 43-101 Including Inferred (175 ktpa Cu) McEwen Mining Inc. (MUX.TO) | Copper | PEA May 2023 | $2.66B | 21.2% | $2.46B | 27 yrs | 1.6 USD/lb Cu |
| 9 | Copper World (Extension Case) Hudbay Minerals Inc. (HBM.TO) | Copper | Pre-Feasibility Oct 2026 | $2.51B | 18.8% | $2.07B | 37 yrs | 2.4 USD/lb Cu (LOM sustaining cash cost); LOM cash cost $1.94/lb |
| 10 | Los Azules Copper Project (Phase 1 Base Case 175 ktpa Cu) McEwen Mining Inc. (MUX.TO) | Copper | PEA May 2023 | $2.23B | 21.5% | $2.45B | 17 yrs | 1.5 USD/lb Cu |
| 11 | Pebble Project Northern Dynasty Minerals Ltd. (NDM.TO) | Copper | PEA 2023 | $2.23B | 16.2% | $3.12B | 20 yrs | — |
| 12 | Green Bay Copper-Gold Project - Ming Deposit (1.8Mtpa Case) FireFly Metals Ltd. (FFM.TO) | Copper | PEA Aug 2026 | A$2.20B | 41% | A$514M | 32 yrs | — |
| 13 | Green Bay Ming Mine Copper-Gold Project FireFly Metals Ltd. (FFM.TO) | Copper | PEA Sep 2026 | C$2.13B | 41% | C$560M | 33 yrs | — |
| 14 | Altar Project Aldebaran Resources Inc. (ALDE.V) | Copper | PEA Sep 2025 | $2.01B | 20.5% | $1.59B | — | 2.6 USD/lb Cu |
| 15 | Yellowhead Project Taseko Mines Limited (TGB) | Copper | Feasibility Jul 2025 | C$2.00B | — | C$2.00B | 25 yrs | — |
| 16 | La Caridad Southern Copper Corporation (SCCO) | Copper | Resource Estimate Dec 2024 | $2.00B | — | $4.50B | 58 yrs | — |
| 17 | Gunnison Project Gunnison Copper Corp. (GCU.TO) | Copper | PEA Mar 2026 | $1.96B | 22.5% | $1.56B | 21 yrs | 2.1 USD/lb Cu |
| 18 | Cuajone Operations Southern Copper Corporation (SCCO) | Copper | Feasibility Feb 2025 | $1.79B | — | — | 50.4 yrs | — |
| 19 | Santo Tomás Oroco Resource Corp. (OCO.V) | Copper | PEA Aug 2024 | $1.48B | 22.2% | $1.10B | 22.6 yrs | 2 USD/lb Cu |
| 20 | Copper World (Base Case) Hudbay Minerals Inc. (HBM.TO) | Copper | Feasibility Oct 2026 | $1.24B | 16.8% | $2.07B | 15 yrs | 2.2 USD/lb Cu (sustaining cash cost); cash cost $1.65/lb |
| 21 | Costa Fuego (Productora + Cortadera) Hot Chili Limited (HCH.V) | Copper | Pre-Feasibility Mar 2025 | $1.20B | 19% | $1.27B | 20 yrs | — |
| 22 | Copper World Arizona Sonoran Copper Company (ASCU.TO) | Copper | Pre-Feasibility | $1.10B | 19% | $1.30B | 20 yrs | — |
| 23 | Moonlight-Superior Copper Project US Copper Corp. (USCU.V) | Copper | PEA Jan 2025 | $1.07B | 23% | $956M | — | 2.5 USD/lb Cu Produced |
| 24 | Yandera Copper Project Freeport Resources Inc. (FRI.V) | Copper | Pre-Feasibility Nov 2017 | $1.04B | 23.5% | $930M | 20 yrs | — |
| 25 | Florence Copper Taseko Mines Limited (TGB) | Copper | Feasibility Mar 2023 | $930M | 47% | — | 22 yrs | 1.1 USD/lb |
| 26 | La Caridad (LC) Southern Copper Corporation (SCCO) | Copper | Pre-Feasibility Feb 2022 | $927M | — | $737M | — | — |
| 27 | Schaft Creek Copper Fox Metals Inc. (CUU.V) | Copper | PEA Sep 2021 | $842M | 12.9% | $2.65B | 21 yrs | 1.2 USD/lb |
| 28 | Copper Creek Faraday Copper Corp. (FDY.TO) | Copper | PEA May 2023 | $713M | 15.6% | $798M | 32 yrs | 1.9 USD/lb |
| 29 | Marimaca Oxide Deposit (MOD) Marimaca Copper Corp. (MARI.TO) | Copper | Feasibility Aug 2025 | $709M | 31% | $587M | 13 yrs | 2 USD/lb Cu |
| 30 | Tia Maria Copper Project Southern Copper Corporation (SCCO) | Copper | Feasibility Mar 2022 | $676M | 16.6% | $1.75B | 20 yrs | — |
| 31 | Opemiska XXIX Metal Corp. (XXIX.V) | Copper | PEA Oct 2025 | C$505M | 27% | — | 17 yrs | — |
| 32 | Minera Valle Central (MVC) – Cauquenes Phase Two Expansion Amerigo Resources Ltd. (ARG.TO) | Copper | PEA Dec 2016 | $480M | — | $30M | 21 yrs | — |
| 33 | El Arco Project Southern Copper Corporation (SCCO) | Copper | Pre-Feasibility Mar 2022 | $475M | 12.1% | — | 35 yrs | — |
| 34 | Condestable Mine (Condestable & Raúl) Rio2 Limited (RIO.TO) | Copper | Feasibility Apr 2024 | $386M | — | — | 13.2 yrs | — |
| 35 | Toquepala Southern Copper Corporation (SCCO) | Copper | Feasibility Feb 2025 | $374M | — | — | 41.2 yrs | — |
| 36 | Minera Valle Central (MVC) - Cauquenes Expansion Project Amerigo Resources Ltd. (ARG.TO) | Copper | Feasibility Jan 2014 | $279M | — | $140M | — | — |
| 37 | Mantoverde Pyrite Augmentation Capstone Copper Corp. (CS.TO) | Copper | — | $200M | — | $45M | — | — |
| 38 | Zonia World Copper Ltd. (WCU.V) | Copper | PEA Mar 2018 | $192M | 29% | — | 8.6 yrs | — |
| 39 | Caribou Complex / Murray Brook Deposit Puma Exploration Inc. (PUMA.V) | Copper | PEA 2025 | C$171M | 36% | — | — | — |
| 40 | Copperwood Highland Copper Company Inc. (HI.V) | Copper | Feasibility 2023 | $168M | 18% | $391M | 11 yrs | 2 USD/lb |
| 41 | Van Dyke Copper Project Copper Fox Metals Inc. (CUU.V) | Copper | Resource Estimate Jan 2020 | $150M | 27.9% | $291M | 11 yrs | 1.1 USD/lb |
| 42 | Black Butte Copper Project Sandfire Resources America Inc. (SFR.V) | Copper | Pre-Feasibility Jul 2026 | $126M | 13.3% | $474M | 12 yrs | 3 USD/lb |
| 43 | Puquios Camino Minerals Corporation (COR.V) | Copper | Pre-Feasibility 2025 | $118M | 23.4% | $142M | 14.2 yrs | 1.7 USD/lb Cu |
| 44 | Black Butte Copper Project - Johnny Lee Deposit Sandfire Resources America Inc. (SFR.V) | Copper | Pre-Feasibility Dec 2025 | $99M | 11.3% | $474M | 8 yrs | 2.8 USD/lb |
| 45 | El Pilar Southern Copper Corporation (SCCO) | Copper | Feasibility Feb 2022 | $54M | 9.9% | $365M | 16 yrs | 1.8 USD/lb Cu |
| 46 | Oyu Tolgoi Rio Tinto (RIO) | Copper | Feasibility Dec 2022 | — | — | $7.36B | — | — |
| 47 | Highland Valley Copper (HVC) Mine Life Extension Teck Resources Limited (TECK) | Copper | — | — | — | C$2.10B | — | — |
| 48 | Vicuña District (Josemaria & Filo del Sol) Lundin Mining Corporation (LUN.TO) | Copper | PEA Feb 2026 | — | 14.8% | $7.10B | 70 yrs | 0.5 USD/lb Cu |
| 49 | Mantoverde Capstone Copper Corp. (CS.TO) | Copper | Production Jul 2024 | — | — | $176M | — | — |
| 50 | Santo Domingo Capstone Copper Corp. (CS.TO) | Copper | Feasibility Jul 2024 | — | 24% | — | — | — |
| 51 | Johnson Camp Mine Gunnison Copper Corp. (GCU.TO) | Copper | — | — | — | $143M | — | — |
| 52 | Grasberg minerals district Freeport-McMoRan (FCX) | Copper | Feasibility Dec 2022 | — | — | $14.50B | — | — |
| 53 | Mantoverde Optimized (MV-O) Capstone Copper Corp. (CS.TO) | Copper | Feasibility Oct 2024 | — | — | $176M | — | — |
| 54 | Miller Copper-Gold Property (Cam Copper Mine - Zone 2 Surgical Mining) Northstar Gold Corp. (NSG.CN) | Copper | PEA Jul 2025 | — | — | $2M | 2.6 yrs | — |
| 55 | Grasberg Natural Gas Power Plant Freeport-McMoRan (FCX) | Copper | — | — | — | $1.00B | — | — |
| 56 | Oyu Tolgoi Project (Oyut & Hugo North) Rio Tinto (RIO) | Copper | Feasibility Dec 2022 | — | — | $7.36B | — | — |
| 57 | Highland Valley Copper Mine Life Extension (HVC MLE) Teck Resources Limited (TECK) | Copper | — | — | — | C$2.40B | — | — |
Figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found — they may contain errors. Always verify against the original source document before making any investment decision. Back to all project economics.