Taseko Mines Ltd T.TKO

Alternate Symbol(s): TGB

Metals & Mining Copper

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.

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Taseko Mines Ltd

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Comment by JCSunsfanon Sep 28, 2020 1:03pm

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Post# 31629370

RE:RE:nice copper open

Regarding q3. Guidance has been that production levels this year will be at 130m pounds +/- 5% and the revised that it will be at the top of that range. So a conservative estimate of production would be 36m for q3 (to make up for q1) plus moly.

Q2 sold copper at an average of 2.43/lb with an average cost of 1.34/lb. Copper prices for q3 have averaged around 2.85 would be my guess. Guidance has been that costs will remain the same in q3.

No bond payment this q.

So additional cash should be around 67 million for this Q (52 for increased copper price and 15 because no bond payment) barring unforseen costs or write-offs. That's an extra .27 a share before deprec. and taxes etc.

Am I right? This is just based on guidance.

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