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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 JCSunsfanon Jul 15, 2024 2:01pm
181 Views
Post# 36133327

RE:RE:Gotta say...

RE:RE:Gotta say...Wow.  Just added another 40k shares.  Production at 20 million pounds for the quarter BUT there is also a $22 million insurance claim going to be paid in q3.  So if the average c1 is $2.50 a pound and the average sale price is $4.50 a pound in q4, and the typical quarterly production is 30 million pounds, then the income loss from the crusher and the strike is about $20 million.  Which is going to be completely offset by an insurance payout.

I guess there is probably extra cost involved in the crusher move besides the income lost.  But still. This is not bad news.  Better than expected. 
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