Taseko reports significant copper production increase in third quarter
(Kitco News) - Taseko Mines (TSX: TKO)announced today that its Gibraltar mine in British Columbia produced 34.5million pounds of copper and 600 thousand pounds of molybdenum in Q3 2021, or29% and 50% higher, respectively, over Q2 2021.
President and CEO StuartMcDonald commented, "Gibraltar had another solid operational quarter, with improvedcopper grades and recoveries resulting in production that was on target and inline with guidance. The mine is well positioned for the year ahead as miningoperations are smoothly transitioning into the Gibraltar pit, where grade ismeeting expectations and the mills are efficiently processing the new ore."
The company added it expectsthat the average LME copper price of US$4.25 per pound in the third quarter,combined with increased production volumes and declining unit costs, willtranslate directly to improved financial performance this quarter.
Headquartered in Vancouver,Taseko Mines is mining company focused on the operation and development ofmines in North America. Taseko operates the Gibraltar mine, the second largestcopper mine in Canada. Taseko's wholly-owned Florence Copper, Yellowhead, andAley projects are all advanced staged projects that provide the company with adiverse commodity pipeline.
By Vladimir BasovFor Kitco News
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