Western Copper and Gold Reports Year-End Financials

Western Copper and Gold Corporation (TSX:WRN,NYSEMKT:WRN) reported that as at December 31, 2013, the Company had $22.4 million in working capital, including $23.2 million in cash and cash equivalents and short-term investments. The Company has filed its annual information form, audited consolidated financial statements and MD&A for the year ended December 31, 2013, which are available for viewing on SEDAR.

As quoted in the press release:

As at December 31, 2013, Western had $22.4 million in working capital, including $23.2 million in cash and cash equivalents and short-term investments. This compares with $32.3 million in working capital, including $33.5 million in cash and cash equivalents as at December 31, 2012. During 2013, the Company spent $1.1 million on operating activities and $9.4 million on advancing the Casino Project. Western believes that its current working capital balance will be sufficient to complete the permitting and engineering of the Casino mine.

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