CopyFile.cs

private static void CopyFile(string source, string destination, int bytesPerChunk)
{
    int bytesRead = 0;

    using (FileStream fs = new FileStream(source, FileMode.Open, FileAccess.Read))
    {
        using (BinaryReader br = new BinaryReader(fs))
        {
            using (FileStream fsDest = new FileStream(destination, FileMode.Create))
            {
                BinaryWriter bw = new BinaryWriter(fsDest);
                byte[] buffer;

                for (int i = 0; i < fs.Length; i += bytesPerChunk)
                {
                    buffer = br.ReadBytes(bytesPerChunk);
                    bw.Write(buffer);
                    bytesRead += bytesPerChunk;
                    ReportProgress(bytesRead, fs.Length);  //report the progress
                }
            }
        }
    }
}

XCopy.cs

/// <summary>
/// PInvoke wrapper for CopyEx
/// http://msdn.microsoft.com/en-us/library/windows/desktop/aa363852.aspx
/// </summary>
public class XCopy
{
    public static void Copy(string source, string destination, bool overwrite, bool nobuffering)
    {
         new XCopy().CopyInternal(source, destination, overwrite, nobuffering, null);            
    }

    public static void Copy(string source, string destination, bool overwrite, bool nobuffering, EventHandler<ProgressChangedEventArgs> handler)
    {            
         new XCopy().CopyInternal(source, destination, overwrite, nobuffering, handler);            
    }

    private event EventHandler Completed;
    private event EventHandler<ProgressChangedEventArgs> ProgressChanged;

    private int IsCancelled;
    private int FilePercentCompleted;
    private string Source;
    private string Destination;        

    private XCopy()
    {
        IsCancelled = 0;
    }

    private void CopyInternal(string source, string destination, bool overwrite, bool nobuffering, EventHandler<ProgressChangedEventArgs> handler)
    {
        try
        {
            CopyFileFlags copyFileFlags = CopyFileFlags.COPY_FILE_RESTARTABLE;
            if (!overwrite)
                copyFileFlags |= CopyFileFlags.COPY_FILE_FAIL_IF_EXISTS;

            if (nobuffering)
                copyFileFlags |= CopyFileFlags.COPY_FILE_NO_BUFFERING;

            Source = source;
            Destination = destination;

            if (handler != null)
                ProgressChanged += handler;

            bool result = CopyFileEx(Source, Destination, new CopyProgressRoutine(CopyProgressHandler), IntPtr.Zero, ref IsCancelled, copyFileFlags);
            if (!result)
                throw new Win32Exception(Marshal.GetLastWin32Error());
        }
        catch (Exception)
        {
            if (handler != null)
                ProgressChanged -= handler;

            throw;
        }
    }

    private void OnProgressChanged(double percent)
    {
        // only raise an event when progress has changed
        if ((int)percent > FilePercentCompleted)
        {
            FilePercentCompleted = (int)percent;

            var handler = ProgressChanged;
            if (handler != null)
                handler(this, new ProgressChangedEventArgs((int)FilePercentCompleted, null));
        }
    }

    private void OnCompleted()
    {
        var handler = Completed;
        if (handler != null)
            handler(this, EventArgs.Empty);
    }

    #region PInvoke

    [DllImport("kernel32.dll", SetLastError = true, CharSet = CharSet.Auto)]
    [return: MarshalAs(UnmanagedType.Bool)]
    private static extern bool CopyFileEx(string lpExistingFileName, string lpNewFileName, CopyProgressRoutine lpProgressRoutine, IntPtr lpData, ref Int32 pbCancel, CopyFileFlags dwCopyFlags);

    private delegate CopyProgressResult CopyProgressRoutine(long TotalFileSize, long TotalBytesTransferred, long StreamSize, long StreamBytesTransferred, uint dwStreamNumber, CopyProgressCallbackReason dwCallbackReason,
                                                    IntPtr hSourceFile, IntPtr hDestinationFile, IntPtr lpData);

    private enum CopyProgressResult : uint
    {
        PROGRESS_CONTINUE = 0,
        PROGRESS_CANCEL = 1,
        PROGRESS_STOP = 2,
        PROGRESS_QUIET = 3
    }

    private enum CopyProgressCallbackReason : uint
    {
        CALLBACK_CHUNK_FINISHED = 0x00000000,
        CALLBACK_STREAM_SWITCH = 0x00000001
    }

    [Flags]
    private enum CopyFileFlags : uint
    {
        COPY_FILE_FAIL_IF_EXISTS = 0x00000001,
        COPY_FILE_NO_BUFFERING = 0x00001000,
        COPY_FILE_RESTARTABLE = 0x00000002,
        COPY_FILE_OPEN_SOURCE_FOR_WRITE = 0x00000004,
        COPY_FILE_ALLOW_DECRYPTED_DESTINATION = 0x00000008
    }

    private CopyProgressResult CopyProgressHandler(long total, long transferred, long streamSize, long streamByteTrans, uint dwStreamNumber,
                                                   CopyProgressCallbackReason reason, IntPtr hSourceFile, IntPtr hDestinationFile, IntPtr lpData)
    {
        if (reason == CopyProgressCallbackReason.CALLBACK_CHUNK_FINISHED)
            OnProgressChanged((transferred / (double)total) * 100.0);

        if (transferred >= total)
            OnCompleted();

        return CopyProgressResult.PROGRESS_CONTINUE;
    }

    #endregion

}