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Taseko Mines optimistic for Arizona copper project as profit rises
(Alliance News) - Taseko Mines Ltd on Friday reported higher revenue, adjusted profit and an increase in sales from Gibraltar.
Read moreMon, 24th Aug 2020 19:13
(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:
Read more(Alliance News) - The following is a round-up of director dealings by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more(Alliance News) - Taseko Mines Ltd on Wednesday said revenue was down, as copper prices and rising fuel costs impacted earnings.
Read moreTaseko 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.
Read more(Sharecast News) - A director of Taseko Mining sold options in shares of the copper mining outfit.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Read more(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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