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.
President & Chief Executive Stuart McDonald says: "Gibraltar has been our cornerstone asset since it was restarted 17 years ago, and with the extended mine life we expect it will continue to generate significant cashflow for many years to come."
Current stock price: 180.00 pence
12-month change: up 33%
By Heather Rydings; heatherrydings@alliancenews.com
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Taseko Mines L. (TKO)