Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by firecracker74on Mar 02, 2022 3:14pm
113 Views
Post# 34476277

Gibralter is a cash cow

Gibralter is a cash cowI don't think that most people realize what a cash cow Gibralter has become. On March 31, after the financing, Taseko had $197M in cash on hand. On December 31 they had $237M in cash, an increase of $40M. Taseko spent $58M at Florence in 2021. That means that Gibralter generated $98M(CAD) in free cash flow in 2021. I'm not sure how much of the $58M spent at Florence went toward the construction projection. Taseko sold 80M pounds of copper in 2021. If they produce 115M pounds in 2022 they should sell 90M pounds in 2022. Copper is .40 higher than it was in 2021. Molybenum is 20% higher than last year. At $4.50 copper I expect Taseko to generate $150M in cash in 2022. $5.00 copper would add another $60M in revenue and cash. The point is that it is entirely possible for Taseko to fully finance the entire Florence project from cash flow from Gibralter. They need to generate $50M(CAD) for six quarters to finance Florence and that is very possible with $5 copper.
<< Previous
Bullboard Posts
Next >>