Taseko Mines (TSE:TKO) has released an update.
Taseko Mines Limited reports a second quarter production of 20 million pounds of copper and 185,000 pounds of molybdenum at its Gibraltar Mine, despite setbacks including mill downtime, an in-pit crusher relocation, and a union strike. Post-strike operations have resumed with expectations for stronger production in the latter half of 2024 and an annual forecast of 110 to 115 million pounds of copper. The company has also finalized an insurance claim, anticipating a $22 million payout in the upcoming third quarter.
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