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 copper focused mining company. The Company's principal assets are the 100% owned Gibraltar mine (Gibraltar), which is located in central British Columbia and is one of the largest copper mines in North America and the Florence Copper project, which is under construction. The Company also owns the Yellowhead copper, New Prosperity gold-copper, and Aley niobium projects. The Florence Copper project is located south of Phoenix in the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola region of British Columbia, approximately 150 kilometers (km) northeast of Kamloops near the town of Vavenby. The Aley niobium project is located in northeast British Columbia. The New Prosperity property is located in south-central British Columbia and hosts one of the most significant copper and gold deposits in Canada. It is also located in an area of cultural significance to the Tsilhqot'in Nation, known as Teztan Biny and Nabas.


TSX:TKO - Post by User

Comment by JCSunsfanon May 14, 2024 1:59pm
69 Views
Post# 36039257

RE:“Real” Collars In Place For 2025

RE:“Real” Collars In Place For 2025
JoeStockIQ wrote: As we have noted several times now, there is a big difference between simply using "put" options to secure a minimum price for production and utilizing true "collars" for similar results. Currently, through the end of 2024, only "put" options are being used to protect the downside of production. According to the Q1 earnings report, this will change in 2025. Specifically, starting on January 01, 2025, "real" collars will be in place. A minimum of $4.00 US will be procured on 108M pounds for the year. In return, a cap on that amount between $5.00 - $5.40 (on a sliding scale) is also in place. Now, can't say that we totally love this "hedging strategy" BUT we do understand why they're doing so. Locking in a minimum of $4 US while Florence is under construction is a favorable situation. Obviously, everyone will be going nuts if copper really goes ballistic far over $5.40...but really... the odds of that are pretty low. Why? The majority of "experts" aren't expecting large Cu shortages until 2026 and beyond. Further, the demand side of the equation is currently underwhelming and doubtful to explode anytime soon due to an overall world economy suffering from high inflation and maybe even the dreaded stagflation scenario. So, all in all, ensuring Florence has that $4 minimum cash coming in further de-risks the project going forward. As far as the Q1 total report goes, still digesting the whole thing. At a glance, considering the maintenance downtime, production results are pretty solid. Definitely don't like that C1 number but hey, it is Ole Gib, right? More to come after the conference call tomorrow. 


Hmmm.  How about now?

<< Previous
Bullboard Posts
Next >>