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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

Post by Cognition777on Jun 17, 2021 9:34am
212 Views
Post# 33401168

Why the panic?

Why the panic?Not sure why people seem to be panicking about the recent decline in copper price...
Technically, there is still good support at $4.20ish which copper has bounced off of 3x since September. Should see in the next few days whether that line holds up. There is also lower support at $3.90ish since March, 2020. I'm not concerned unless it breaks through the lower support.
The idea that copper is dropping because the USD is rising doesn't hold much water. Of course there is some correlation, but there are too many fundamentals supporting copper for the USD to dictate much of the market consideration for copper pricing. 
Silver lining is that TKO revenue (at this point) is in USD and expenses are in CAD, which takes some of the sting off.

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