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Pin to quick picksTaseko Mines L. Share News (TKO)

Share Price Information for Taseko Mines L. (TKO)

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Share Price: 185.00
Bid: 180.00
Ask: 190.00
Change: 0.00 (0.00%)
Spread: 10.00 (5.556%)
Open: 185.00
High: 185.00
Low: 185.00
Prev. Close: 185.00
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UK TRADING UPDATE SUMMARY: BP Marsh's Nexus Buys Hiscox Marine Unit

Mon, 11th Jan 2021 21:51

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

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BP Marsh & Partners PLC - London-based private equity investor in financial services businesses - Investee Nexus Underwriting Management Ltd, a specialty managing general agent, completed the acquisition of the Hiscox MGA Marine business from Hiscox Ltd. "This expert team provides yacht and marine trades insurance and will become an integral part of Millstream Underwriting Ltd, a Nexus Group company which specialises in consumer insurance," BP Marsh adds.

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Advanced Oncotherapy PLC - London-based provider of proton therapy for cancer treatment - Says it remains on track to have a fully operational LIGHT system with a 230 megaelectronvolts beam, which is the beam energy needed to treat patients, during 2021 and the firm currently expects this to be in the second half of 2021. "Actual treatment of patients, which is anticipated shortly after the LIGHT machine is fully operational, remains dependent on the company's clinical partner, University Hospital Birmingham NHS Trust," Advanced Oncotherapy adds. Chief Executive Nicolas Serandour says: "We have continued to make good progress with the set-up of our assembly site in Daresbury, a stepping stone in our plan for the commercial roll-out of LIGHT, and remain committed to our operational plan and key deliverables set out for 2021 despite Covid-19."

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Taseko Mines Ltd - Vancouver, Canada-headquartered mid-tier copper producer - Says it is "very pleased" with 2020 financial performance. Adjusted earnings before interest, taxes, depreciation and amortization for 2020 expected to be in the range of USD105 to USD110 million, up from USD51 million in 2019. Gibraltar project produced 123 million pounds of copper for the year and 2.3 million pounds of molybdenum. Looking ahead to 2021, expects copper production of about 125 million pounds from Gibraltar. President Stuart McDonald says: "Copper prices have continued to strengthen and many analysts are forecasting higher prices going forward, based on the strong demand environment, expected government stimulus programs and investments in renewable energy infrastructure, combined with ongoing mine supply challenges. The current copper price of approximately USD3.65 per pound is roughly USD0.80 per pound higher than the average price in 2020, and at current prices we would have generated around USD200 million of Adjusted Ebitda in 2020, so we are very optimistic about our financial outlook this year."

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Independent Oil & Gas PLC - gas production in UK southern North Sea - Says Phase 1 remains on schedule for first gas in the third quarter of 2021. Chief Executive Andrew Hockey adds: "This is set to be another breakthrough year for IOG, when we deliver our first production and revenue, paving the way for sustained value generation for shareholders. Having made real progress in 2020 in difficult conditions, we expect to complete fabrication of our Phase 1 platforms this quarter and start development drilling by early in the second quarter. We recently completed important steps towards achieving first gas in the third quarter including the LAPS tie-ins at Bacton and the offshore Blythe-Elgood pipelay campaign."

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Intuitive Investments Group PLC - closed-end investment company focussed on life sciences sector - Agrees pre-IPO investment of GBP1 million, by way of unsecured convertible loan notes, in Light Science Technologies Holdings Ltd. Light Science is currently preparing to apply for the admission to trading on AIM, Intuitive says, which is expected during the first half of 2021. Light Science was incorporated in January last year and has not undertaken any material trading, Intuitive adds. UK Circuits & Electronics Solutions Ltd, a company controlled by the shareholders of Light Science, is intended to be the primary component of the Light Science group on admission. Intuitive Investments only listed on London's AIM itself a few weeks ago, making Light Science its first investment.

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Power Metal Resources PLC - metal exploration and development company - Says initial geological core-logging at Kalahari Key Mineral Exploration Pty Ltd's Molopo Farms complex project in Botswana has identified 4.4 metres of ultramafic rocks with finely disseminated sulphides in angled holes 1 to 6 at about 270 metres vertical depth. Chief Executive Paul Johnson says this is a "potentially significant development". He adds: "We are now in the midst of an extensive technical review of the entire licence areas with a particular focus around the first two drill holes. This will further refine our present targets and generate new targets for the remainder of the drill programme." Power Metal currently has an 18% shareholding in Kalahari Key and has elected to earn in to a 40% direct interest in the project.

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Armadale Capital PLC - investment company focused on natural resource projects in Africa - Says phase one test work undertaken on natural flake graphite from its 100%-owned Mahenge graphite project in south-east Tanzania have determined Mahenge graphite to be suitable for use in lithium-ion batteries commonly used in the exponentially evolving energy and high-tech sectors including the rapidly growing electric vehicle battery market. Chair Nick Johansen says this is "very welcome news". He adds: "We are delighted to positively progress this testing collaboration with Australia's Commonwealth Scientific & Industrial Research Organisation world-class specialist battery team to confirm the Mahenge natural flake graphite as a premium quality product with the exceptionally high purity and characteristics necessary for the lithium-ion battery market."

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
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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1 Apr 2022 05:54

IN BRIEF: Taseko ups reserves and extends life at Gibraltar mine

Taseko Mines Ltd - Vancouver-based mining company mainly focused in North America - Reports 706 million tonnes of proven and probable sulphide reserves at its 75% owned Gibraltar mine in British Columbia, Canada. New reserve extends mine life to 23 years with a total recoverable metal of 3.0 billion pounds of copper and 53 million pounds of molybdenum.

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4 Mar 2022 20:53

TRADING UPDATES: IOG to cut Gazprom ties; wholesale changes at Donegal

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

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23 Feb 2022 15:58

Taseko Mines boasts best financial year on strong copper prices

(Alliance News) - Taseko Mines Ltd said on Wednesday it had seen its "best financial results" as a result of strong copper prices throughout the year, swinging to a net income profit in the fourth quarter.

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13 Jan 2022 16:14

IN BRIEF: Taseko Mines production in Gibraltar declines in 2021

IN BRIEF: Taseko Mines production in Gibraltar declines in 2021

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31 Dec 2021 10:49

IN BRIEF: Taseko Chief Executive sells USD158,000 worth of shares

IN BRIEF: Taseko Chief Executive sells USD158,000 worth of shares

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7 Dec 2021 12:02

Liberum upgrades Rio Tinto to 'hold', says bad news priced in

(Sharecast News) - Liberum upgraded Rio Tinto to 'hold' from 'sell' on Tuesday as it argued that bad news was now priced in.

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22 Nov 2021 21:30

IN BRIEF: Taseko given draft for Florence injection control permit

IN BRIEF: Taseko given draft for Florence injection control permit

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5 Nov 2021 14:35

TRADING UPDATES: Berkeley Energia served writ; Equiniti takeover nears

TRADING UPDATES: Berkeley Energia served writ; Equiniti takeover nears

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