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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

Comment by dcjones4396on Mar 02, 2022 4:09pm
125 Views
Post# 34476558

RE:Gibralter is a cash cow

RE:Gibralter is a cash cow
firecracker74 wrote: I don't think that most people realize what a cash cow Gibralter has become. On March 31, after the financing, Taseko had $197M in cash on hand. On December 31 they had $237M in cash, an increase of $40M. Taseko spent $58M at Florence in 2021. That means that Gibralter generated $98M(CAD) in free cash flow in 2021. I'm not sure how much of the $58M spent at Florence went toward the construction projection. Taseko sold 80M pounds of copper in 2021. If they produce 115M pounds in 2022 they should sell 90M pounds in 2022. Copper is .40 higher than it was in 2021. Molybenum is 20% higher than last year. At $4.50 copper I expect Taseko to generate $150M in cash in 2022. $5.00 copper would add another $60M in revenue and cash. The point is that it is entirely possible for Taseko to fully finance the entire Florence project from cash flow from Gibralter. They need to generate $50M(CAD) for six quarters to finance Florence and that is very possible with $5 copper.

Yes, I do understand Gib is going to payoff Florence on its own, hence the post. Can't go wrong with $4+ US copper. The public comment period completion will push share price higher. The permit isn't here...until it is.
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