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Stuart McDonald, CEO of Taseko Mines, explains how they intend to almost double copper production

Stuart McDonald, CEO of Taseko Mines, explains how they intend to almost double copper production

Share Price Information for Taseko Mines L. (TKO)

London Stock Exchange
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Share Price: 235.00
Bid: 230.00
Ask: 240.00
Change: 6.00 (2.62%)
Spread: 10.00 (4.348%)
Open: 229.00
High: 235.00
Low: 229.00
Prev. Close: 229.00
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EARNINGS AND TRADING: Kanabo inks CBD deal, Taseko boosts production

Thu, 02nd Nov 2023 14:34

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Taseko Mines Ltd - North America-focused mining company - Copper production for third quarter of 2023 totals 35.4 million pounds, up 7.1% from 28.3 million last year. 32.1 million pounds sold, up 5.4% from 26.7 million. Production for nine months ended September 30 totals 88.5 million pounds, up 18% from 70.3 million. Revenue for the quarter increases 60% to CAD143.8 million from CAD89.7 million. Adjusted Ebitda up 84% to CAD62.7 million from CAD34.0 million. Company swings to GAAP net income of CAD871,000 from a CAD23.5 million loss. Says cash balance at September 30 was CAD82 million.

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Henderson International Income Trust PLC - London-based investment company - NAV per share at August 31 is 175.7 pence, down from 181.5p at the same time in 2022. NAV total return for year ended August 31 is positive 1.4%, down from 6.3% the previous year. Pretax net return decreases to GBP5.2 million from GBP15.2 million. Company delivers GBP9.0 million investments loss following GBP1.8 million gain. Declares 1.92 pence fourth interim dividend regardless, up from 1.85p last year. Total dividend increases 3.0% to 7.47p. Chair Richard Hills says: "We cannot control the macroeconomic background but we can maintain and follow the company's existing strategy of identifying companies that have the capacity to grow their earnings and dividends over the medium to long term."

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Kanabo Group PLC - London-based patient focused healthcare technology and cannabis company - Inks deal with Wokingham, England-based cannabis manufacturer British Cannabis to supply CBD to patients via prescription. Company says the deal will allow doctors to prescribe pharmacy-grade CBD products from the 'CBD by British Cannabis' range via Treat It, Kanabo's online pain management clinic. Kanabo also says that from this month, Treat It will be included in British Cannabis's online medicinal cannabis app Canndr, which enables patients to select and review cannabis medicines, gain consultancy advice and select prescribing clinics. Kanabo Chief Executive Officer Avihu Tamir says: "This partnership is just the beginning, and we hope to announce more expansive collaborations in due course."

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Ocean Harvest Technology Group PLC - Theale, England-headquartered producer of seaweed-based ingredients for animal feed - Announces results of study assessing its OceanFeed Poultry product in meat chickens with necrotic enteritis, a disease caused by the overgrowth of clostridium perfringens in a poultry bird's gut. OceanFeed products aim to bind this pathogen. Study was conducted at the Southern Poultry Research Group in Georgia, US. Company says out of 200 chickens, mortality in the group consuming OceanFeed Poultry "reduced significantly" to 33% from 49%. This group also experienced enhanced weight gain and improved intenstinal lesion scores. Company says data "enhances the use case of OFP in the global poultry industry and will be useful data in discussions with customers currently using and/or looking to use OFP."

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e-Therapeutics PLC - Oxford, England-based computer-based drug discovery company - Announces strategic collaboration with fellow Oxfordian data company Arcturis Data Ltd. Deal will integrate Arcturis's Rea-World Evidence platform and analytical expertise with e-therapeutics's HepNet computational biology platform. HepNet will be used to analyse RWE's output "to drive the discovery and development of innovative RNAi medicines for the treatment of [nonalcoholic steatohepatitis] and related disorders." e-therapeutics retains exclusive rights to nominate novel gene targets to prosecute genetic medicines using its GalOmic platform.

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StreaksAI PLC - London-based provider of artificial intelligence-based conversational technologies - Launches "highly personalised" AI chatbot service Streaks Companion, which allows for "sophisticated humanlike companionship, mentorship and digital assistant services." Chatbots are designed for private long-term conversations using Natural Language Processing generators including GPT-4. Says companionship "can either be romantic or platonic, designed to increase users' confidence in navigating real-life relationships, it also offers a secure environment for users to build relationship skills and develop new romantic experiences." Users will pay GBP4.99 per 100 interactions. Company also says it has seen promising levels of early sign-ups for its new Streaks Idols service, which launched in late September and currently has 9,135 registered users.

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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DIRECTOR DEALINGS: 888 Non-Exec Ori Shaked buys 260,000 shares

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24 Feb 2023 11:34

Taseko Mines revenue suffers due to copper price drop in 2022

(Alliance News) - Taseko Mines Ltd on Wednesday said revenue was down, as copper prices and rising fuel costs impacted earnings.

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3 Feb 2023 15:36

IN BRIEF: Taseko Mines director sells 49,700 shares worth CAD117,789

Taseko Mines Ltd - Vancouver-based mining company mainly focused in North America - Says Director Russell Hallbauer sells 49,700 shares at CAD2.37 each on January 31, worth around GBP1.45 each, at a total value of GBP72,065. Also announces that it is in discussions with Sojitz Corp to buy a 12.5% stake in Gibraltar Mine.

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26 Jan 2023 17:08

Director dealings: Taseko Mines director sells options

(Sharecast News) - A director of Taseko Mining sold options in shares of the copper mining outfit.

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13 Jan 2023 19:32

TRADING UPDATES: Premier Miton assets grow; Taseko Mines gets funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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13 Jan 2023 19:32

TRADING UPDATES: Premier Miton assets grow; Taseko Mines gets funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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21 Dec 2022 07:42

IN BRIEF: Mitsui agrees copper cathode offtake from Taseko's Florence

Mitsui & Co - Tokyo-based conglomerate - Subsidiary Mitsui USA enters into agreements with Florence Copper LLC for copper cathode offtake and an equity conversion right. Says Florence plans to produce low-carbon copper cathode in Arizona, and Mitsui will pay USD50 million to cover part of the development costs. Says Florence plans to produce copper using the in-situ recovery for extracting the metal from underground deposits. This method will "enable mining operation with carbon emissions approximately 80% lower compared with conventional copper mining, and also a low environmental burden, since no shovels, trucks, or other heavy machinery are used to extract copper". Expects construction to take 18 months, and then production will start.

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4 Nov 2022 11:44

Taseko Mines shares rise as adjusted earnings jump quarter-on-quarter

(Alliance News) - Taseko Mines Ltd on Friday reported a fall in third-quarter adjusted earnings as cost of sales grew even as revenue dropped from a year ago. However, the figures marked an improvement from the second quarter.

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15 Aug 2022 12:06

IN BRIEF: Taseko shares rise on permit progress for copper project

Taseko Mines Ltd - Vancouver-based mining company mainly focused in North America - Says draft underground injection control permit for its Florence copper project has been issued by the US Environmental Protection Agency. The public comment period for the draft permit will end on September 29, lasting 45 days.

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9 Aug 2022 21:31

IN BRIEF: Taseko Mines production drops in second quarter

Taseko Mines Ltd - Vancouver-based mining company mainly focused in North America - In the quarter ended June 30, revenue falls to CAD82.9 million, GBP53.3 million, from CAD111.0 million a year before. Swings to net loss of CAD5.3 million from profit of CAD13.4 million. Total tonnes mined dips 2.6% to 22.3 million from 24.9 million, as total production falls 6.1% to 20.7 million pounds of copper from 26.8 million pounds. Notes average head grades of 0.17% were lower than expected, as the complexity of the ore zones mined in the upper benches at Gibraltar pit caused higher than normal mining dilution. Expects grades and copper production to improve "significantly" over the remainder of the year. Expects to hit lower range of annual production guidance of 115 million pounds plus or minus 5%, owing to challenging conditions in the first half.

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5 May 2022 16:58

EARNINGS UPDATES: Taseko swings to profit; Directa Plus loss narrows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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20 Apr 2022 15:17

DIRECTOR DEALINGS: Purchases of Dunelm, Spirax-Sarco and JTC shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

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20 Apr 2022 13:12

Director dealings: Dunelm non-exec invests £0.3m, Taseko director makes £0.4m sale

(Sharecast News) - Dunelm was at the top of the list of buys on Wednesday afternoon, after it disclosed a non-executive director purchase worth almost £0.3m.

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8 Apr 2022 21:08

DIRECTOR DEALINGS: Taseko Mines director buys shares worth USD293,000

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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