Taseko Mines (TSE:TKO) has released an update.
Taseko Mines reported a strong second quarter in 2024 with an Adjusted EBITDA of $71 million and a net loss of $11 million, attributed to operational disruptions including a labor strike and planned maintenance. Despite these challenges, the company completed a significant in-pit crusher relocation project and continued to advance the Florence Copper project, which is on track for first copper production by the fourth quarter of 2025. The company’s financial position is solid, with an insurance recovery of $26 million and the completion of a US$500 million notes offering to fund ongoing capital projects.
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