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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

Bullboard Posts
Comment by Sogosohubidu201on Jan 07, 2020 10:27am
128 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