Taseko Mines Ltd T.TKO

Taseko Reports Strong Fourth Quarter

[Betteryear2]

VANCOUVER, BC, March 7, 2024 /PRNewswire/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company") reports full year 2023 Adjusted EBITDA* of $190 million and Earnings from mining operations before depletion and amortization* of $207 million.  Revenues for 2023 were $525 million, 34% higher than the prior year as a result of improved copper production and an increase in the Company's effective interest in the Gibraltar Mine, from 75% to 87.5%, in March 2023.  Net income for the year was $83 million ($0.29 per share) and Adjusted net earnings* were $44 million ($0.15 per share).

Taseko Reports Strong Fourth Quarter Financial Performance and $190 Million of Adjusted EBITDA for 2023 (prnewswire.com)

[cupricity]

Looks .29 cents per share. So we are trading at 7 times earnings on Gibraltar with a whole bunch of Florence cost added in. We maybe at 5 times Gibraltar if  tko was only Gibraltar.  Nofluffs whacky 10 dollars isn't completely impossible once Florence starts up.

[spitfireIVX]

Found this interesting: In March 2024, Tilhqot’in and Taseko formally reinstated the standstill agreement for a final term, with the goal of finalizing a resolution before the end of this year.  

[cupricity]

If New Prosperity came to life, as I understand that there has been some movement positively in the business mood of that band, it would be worth a couple bucks.  Sincee thIS project has twice passed the provincial ea and the federal ea was rejected solely because of TKOs failure to come to an agreement with first nation's it would be a pretty big deal.

[JCSunsfan]

New Prosperity is back on the table. Words matter and this statement was carefully made. Talks are ongoing. Have a goal of finalizing a resolution by the end of the year (so a framework is in place?) The Canadian government really wants this to happen for political purposes (it was just the opposite ten years ago) The dialogue process has made meaningful progress in recent months but is not

[slewfoot2]

JC.... hear ya go again with the false narrative.... The canadian goverment does not want this rite now.... 10 years ago was a conservative government that was pro developement and they turned this down twice... nor we have a liberal government that is moar anti developement.... the TMX and Gaslink pipelines will be the limit for the feds for a while as they knead the negative heat from those to

[nofluff]

Most agree that gold and copper will keep climbing all year. At 10.00 copper and 4000.00 gold, there is lots of money to share.  Govs. are monitoring closely. My guess is that if an agreement is made, fn will get there royalty and govs. will loan them 500 million to invest in the mine for 10% ownership and a large say on the board of directors. They will sell a 500 million gold stream. It

[JCSunsfan]

Just an agreement with FN is worth $2 or so to the share price.   NF, I caan't imagine $10 copper.  Its easier to comprehend $5 copper.  Even at that price with Florence being built and NP back in view--well, its worth a LOT. 

[nofluff]

Well jc. When things are short, price goes high. Two years ago, I told my neighbor ranchers that they would be getting 200.00 cad for there weaned calves. They chuckled. Well, they were correct. With the drought, throughout north america cattle country, ranchers were selling all replacement hiefers and older cows. So feedlots had plenty of supply. Once that worked its way through the retail, there

[Sclarda2]

poor old senile fluffy  billions everywhere except in his trading account all he has there are his $1.70 ncu shares worth 6.5 cents. his $1 bwcg shares worth 10 cents plus a few other  lame "colts and cubs that are doing about as well and getting ready for the glue factory. Bagssssssss ha ha ha Stick to "ag tech" also known as potato farming. I know you will mess that

[JoeStockIQ]

Ouch. The truth hurts. But, that is in fact the truth. Still have never seen anyone get things wrong more often than the AG tech guru. Has to be really hard to look at that daily update page on his brokerage account. Minus 90%, now that hurts. 

[JCSunsfan]

That is a huge statement.  If NP is back on the table by the end of the year, anything can happen.

[JCSunsfan]

Not sure how the accounting is working regarding the Florence build.  Might be going to the balance sheet rather than expenses.   Still, this report produces and extremely low pe. 

[nofluff]

What were the 2023 earnings jc? nf