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 > Breakeven price of copper = $3.59

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Post by AlfTanneron Nov 03, 2021 7:02pm

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Post# 34084537

Breakeven price of copper = $3.59

I was disappointed by the earnings. It looks like they earned US$21.8M on sales of 34.4M pounds of coper. That is a profit of US$.67 per pound. With the average price of copper at $4.26, that means the breakeven price of copper for Q3 was $4.26 - $.67 = $3.59

Even with a good quarter, the company needs $3.59 copper just to break even. That seems pretty high.

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