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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including mine permitting and development within the province of British Columbia, Canada and the State of Arizona, the United States. The Company’s principal property is the Gibraltar Mine, which is a copper-molybdenum mine that is located in south-central British Columbia. It also owns the Florence Copper, Yellowhead copper, New Prosperity and Aley properties. The Florence Copper property is located midway between Phoenix and Tucson near the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola area of British Columbia, approximately 150 kilometers northeast of Kamloops near Vavenby. The New Prosperity Project is a gold-copper porphyry, which is located in British Columbia. The Aley Niobium Project is located in northern British Columbia, approximately 140 kilometers north of Mackenzie.


TSX:TKO - Post by User

Bullboard Posts
Comment by Sogosohubidu201on Jan 07, 2020 10:27am
122 Views
Post# 30525682

RE:RE:RE:RE:TKO C1 Cash Costs (Total Operating Costs)

RE:RE:RE:RE:TKO C1 Cash Costs (Total Operating Costs)@Robert, It was more to do with coper head grade than the extra stripping costs.  Copper grade had the major impact on C1 costs.  With copper grade at 0.25-0.26% level and high depreciation costs of $30 millions per Q this year, TKO needs copper price of $3.2 per pound to be breakeven this year in terms of earning.  It would be day dream for some bulls here who think the share price returns to $3 if copper price rises to $3.2 similiar to 2017, no, it will not, becasue the C1 costs had risen about 40% from 2017 levels, mainly due to one time high copper grade in 2017 and 2018. TKO needs Florence, which is 2.5 years away assuming TKO gets permits and financing (I think that they will, but with very high debts after).
Bullboard Posts