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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 PieEconomicson Jul 05, 2022 3:16pm
259 Views
Post# 34802904

Spoke to Brian

Spoke to BrianTaseko sold puts on 60% of first half 2023 production at average price of copper for the half of about $3.75. Puts were sold at $4.25 and calls were sold for $ 5.40 for 90% of copper production in 2nd half of 2022 with the net cost of the puts being somewhat offset. Calls on diesel fuel were sold at $5.40 and profits (somewhat small due to high strike price) have been taken. Buy back of stock or bonds (now tradiing at about 85 cents on the dollar) is not being considered since cash is needed for Florence, which should receive permit within 3 weeks. Extracting copper from tailings using advanced tachnology is not possible for Florence (no tailings) and not practable for Gibralter since not enough copper in the tailings.
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