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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 AlfTanneron Jun 30, 2022 3:34pm
119 Views
Post# 34794815

RE:RE:RE:RE:RE:RE:Interesting EPA reprimand perhaps?

RE:RE:RE:RE:RE:RE:Interesting EPA reprimand perhaps?JCSunsfan, you are exactly right about the inflation issue.  It is affecting all miners.  Building out Florence will certainly be affected by inflation.  Labor and processing costs will affect operational costs.  I have also heard recently that the cost of sulfuric acid is way up.  On YCharts, it shows the price of sulfuric acid up from $130 a couple of years ago to $300 today.  All this inflation is part of the reason that the price of copper is going up long term.  Unfortunately, the price will probably go down as we sink into recession.  The other problem with Florence is that there will be operational issues that need to be ironed out.  There always are.  Look at the disaster at Excelsior.  I do not think Florence will be another Excelsior, but I am sure there will be some problems at start up.  Florence should eventually be a cash cow, but I think it is way too early to own Taseko.  I am going to wait at least 6 months before I even consider owning this stock again.

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