Taseko Mines L. Share News (TKO)
Stuart McDonald, CEO of Taseko Mines, explains how they intend to almost double copper production
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Tue, 04th Aug 2020 21:06
Taseko Mines Ltd - North America-focused copper producer with headquarters in Vancouver, Canada - Says aquifer protection permit for Florence copper commercial production facility to be issued by Arizona Department of Environmental Quality on Thursday. This is one of two key permits needed to take Florence to commercial production.
Current stock price: 55.00 pence
Year-to-date change: up 47%
By Anna Farley; annafarley@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Taseko Mines Ltd - operates open-pit Gibraltar copper mine in British Columbia, Canada - Chief Operating Officer Richard Tremblay exercises options for 25,000 shares at CAD0.69 each and sells all of them for CAD3.44, worth CAD86,075, about GBP50,168, on Tuesday last week.
Read more(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News:
Read more(Alliance News) - Taseko Mines Ltd on Thursday said its Florence Copper project in Arizona is progressing smoothly as it reported growth in adjusted profit despite a lower realised copper sales price.
Read moreTaseko Mines Ltd - operates Gibraltar mine in British Columbia; it is the second largest open-pit copper mine in Canada - Director Robert Dickinson sells 640,960 shares at average CAD3.44, worth CAD2.2 million, about GBP1.3 million, on Monday and Tuesday in Toronto. Dickinson had sold 500,000 shares on Thursday last week. Additionally, Chief Executive Officer Stuart McDonald sells 125,000 shares at CAD3.52 on Friday and Monday, and Chief Financial Officer Bryce Hamming sells 25,000 shares at CAD3.39 on Tuesday, both after exercising options for the same number of shares at CAD0.69.
Read moreTaseko Mines Ltd - operates Gibraltar mine in British Columbia; it is the second largest open-pit copper mine in Canada - Director Robert Dickinson sells 500,000 shares at CAD3.36, worth CAD1.7 million, about GBP977,592, on Thursday in Toronto. Taseko on Wednesday said it priced its offering of USD500 million in senior secured debt notes due 2030 with an annual coupon of 8.25%. The notes will be issued at par value. The new debt financing will be used to retire existing 2026 notes and to make capital expenditures on the Gibraltar mine and separate Florence copper project.
Read more(Alliance News) - Taseko Mines Ltd on Monday said it entered into a deal to buy remaining stake in the Gibraltar mine in British Columbia, Canada from Dowa Metals & Mining Co Ltd and Furukawa Co Ltd.
Read more(Alliance News) - Taseko Mines Ltd on Friday reported higher revenue, adjusted profit and an increase in sales from Gibraltar.
Read more(Alliance News) - Taseko Mines Ltd on Tuesday said that its latest royalty agreement will support construction activities at the Florence copper project, which it claims could be a "major" supplier for the US copper cathode market.
Read moreTaseko Mines Ltd - North America-focused mining company - Says its Gibraltar mine produced 34 million pounds of copper and 369,000 pounds of molybdenum in the fourth quarter of 2023. Copper sales volumes reached 36 million pounds. Company says production was supported by strong 0.27% copper grades. Mill throughput averaged 83,000 tonnes per day and was affected by extra downtime needed for maintenance and monitoring. Taseko adds that for 2023, the mine produced 123 million pounds of copper, a 26% increase on production for 2022 and "well above previous guidance".
Read moreTaseko Mines Ltd - North America-focused mining company - Appoints Richard Tremblay as chief operating officer. Tremblay joined Taseko in 2014 as general manager of its Gibraltar copper-molybdenum mine in British Columbia, Canada. He was later promoted to senior vice president of Operations. Taseko says Tremblay "will continue to have responsibility for all of Taseko's operations and project development activities", and "has been instrumental in the development of the Florence Copper project". Company also hires Terry Morris as vice president of Operations.
Read moreTaseko Mines Ltd - North America-focused mining company - Says proceeds from project-level financings will in due course be available to its Florence Copper project in Arizona. Taurus Mining Royalty Fund LP has obtained investment committee approval for a USD50 million royalty, for 1.95% of gross revenue from all copper sales. Meanwhile Societe Generale SA has credit approval to provide Taseko with a USD50 million secured debt facility, which also contains a USD25 million uncommitted accordion feature, should Taseko need to increase it. News follows previously announced commitments from Mitsui & Co Ltd and Bank of America Corp.
Read more(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:
Read moreTaseko Mines Ltd - North America-focused mining company - Produces 35 million pounds of copper and 369,000 pounds of molybdenum at the Gibraltar mine in the third quarter of 2023. Says the 25% quarter-on-quarter increase in copper production was a result of high grades, improved recoveries and increased mill throughput. Says the 60% quarter-on-quarter increase in molybdenum production was also due to higher grades, as well as mining progressing deeper into the Gibraltar pit. Explains that a port workers strike in July results in shipping delays and a build-up of copper concentrate inventory, resulting in third-quarter sales volumes lagging production by three million pounds. Notes this excess inventory is expected to be shipped and sold in the fourth quarter.
Read more(Alliance News) - Taseko Mines Ltd on Friday said it has increased its revolving credit facility to USD80 million, from USD50 million.
Read more(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:
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