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The latest announcement is out from Taseko Mines ( (TSE:TKO) ).
Taseko Mines announced its 2024 production results from the Gibraltar mine, with 106 million pounds of copper and 1.4 million pounds of molybdenum produced and slightly higher sales volumes. The company also amended its silver stream agreement, increasing the percentage of attributable silver and receiving a $12.7 million cash payment. These developments, alongside smooth operations post-maintenance and increased mill throughput, set the stage for a potential 2025 production increase, enhancing Taseko’s financial position amid ongoing construction at the Florence Copper project.
More about Taseko Mines
Taseko Mines Limited is a mining company primarily engaged in the production of copper and molybdenum. It operates the Gibraltar copper mine located in British Columbia, Canada, and focuses on maintaining and expanding its mining operations to strengthen its market position.
YTD Price Performance: 6.50%
Average Trading Volume: 3,642,010
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $648M
See more data about TKO stock on TipRanks’ Stock Analysis page.
