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 > Hey Metalhead

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Comment by Cognition777on Oct 02, 2022 12:17pm

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Post# 35000203

RE:RE:Hey Metalhead

It is true that Taseko is not profitable below $4 copper; however, it is not true that Gibraltar is not profitable below $4.
Taseko pays $6 million per quarter in interest expenses on the borrowing that TKO took out almost 2 years ago to build Florence. That is money that should be attributable to the Florence project NOT Gibraltar.
At this point, TKO - and ONLY by extension, Gibraltar - has been carrying the Florence project during an unnecessary and prolonged delay by the EPA.

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