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Taseko Mines Ltd. - TGB STOCK NEWS

Welcome to our dedicated news page for Taseko Mines Ltd. (Ticker: TGB), a resource for investors and traders seeking the latest updates and insights on Taseko Mines Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Taseko Mines Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Taseko Mines Ltd.'s position in the market.

News
TASEKO ANNOUNCES PRICING OF SENIOR SECURED NOTES OFFERING
Rhea-AI Summary
Taseko Mines announced a US$500 million Senior Secured Notes offering due 2030 at an 8.25% annual interest rate to redeem existing notes, fund projects, and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.27%
Tags
none
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News
TASEKO ANNOUNCES OFFERING OF US$500 MILLION OF SENIOR SECURED NOTES DUE 2030
Rhea-AI Summary
Taseko Mines (TGB) announces a $500 million offering of Senior Secured Notes due 2030 to redeem existing notes and fund various projects. The Notes are unregistered and targeted towards qualified institutional buyers in the US and non-US persons outside the US.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.38%
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none
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News
Taseko Acquires 100% of Gibraltar Mine
Rhea-AI Summary
Taseko Mines announces the acquisition of the remaining 12.5% interest in the Gibraltar Mine, resulting in 100% ownership. The acquisition price includes a minimum of $117 million with additional contingent payments based on copper prices and cashflow. Stuart McDonald, President & CEO, highlights the positive impact on copper production and cashflow, along with potential cost savings and strategic benefits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.54%
Tags
acquisition
News
Taseko Reports Strong Fourth Quarter Financial Performance and $190 Million of Adjusted EBITDA for 2023
Rhea-AI Summary
Taseko Mines Limited (TGB) reports strong financial performance in 2023 with Adjusted EBITDA of $190 million and revenues of $525 million, driven by increased copper production. Net income for the year was $83 million. The company also achieved significant milestones at the Florence Copper project, securing project financings and commencing construction for commercial production. Taseko expects continued growth in North American copper production and anticipates first copper production in the fourth quarter of 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.1%
Tags
none
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News
Taseko Provides Financing and Construction Update for the Florence Copper Project
Rhea-AI Summary
Taseko Mines Limited (TGB) signed a definitive agreement with Taurus Mining Royalty Fund for the sale of a US$50 million royalty, accelerating construction activities at its Florence Copper project. The company also expects to drawdown the first US$10 million of the US$50 million Mitsui financing later this month. With site preparations and civil work well advanced, wellfield drilling is expected to commence in February, and construction of the SX/EW plant and other infrastructure will begin in the second quarter of this year. Taseko aims for first copper production in the fourth quarter of 2025, with existing operations at the Gibraltar Mine generating good cashflows in a strong copper price environment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.76%
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none
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News
Taseko Announces a 26% Increase in Annual Copper Production from its Gibraltar Mine
Rhea-AI Summary
Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) announces strong fourth-quarter production results, with 34 million pounds of copper and 369 thousand pounds of molybdenum. Full-year copper production of 123 million pounds exceeded guidance and was 26% higher than the previous year. Despite downtime for maintenance and monitoring, copper sales volumes in the fourth quarter were 36 million pounds. President and CEO Stuart McDonald expects the strong finish to continue in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.84%
Tags
none
News
Taseko Mines Announces Senior Management Appointments
Rhea-AI Summary
Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) announces executive management appointments of Richard Tremblay as Chief Operating Officer and Terry Morris as Vice President, Operations. Richard has over 30 years of mining industry experience, while Terry brings nearly 20 years of experience in mining operations management. The appointments aim to support the company's growth plan and strategy of becoming a North America focused, multi-asset copper producer, with a focus on the Florence Copper project transitioning into the construction phase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.5%
Tags
none
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News
Taseko Receives Approvals for US$100 Million in Additional Financing for Florence Copper
Rhea-AI Summary
Taseko Mines Limited announces two additional financing transactions totaling US$100 million for its Florence Copper Project in Arizona. Taurus Mining Royalty Fund has approved a US$50 million royalty, and Societe Generale has approved a US$50 million senior secured debt facility. These funds will be used for the construction and development of the commercial production facility. The project has received a total of US$175 million in commitments from industry participants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.08%
Tags
none
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News
Taseko Reports $63 Million of Adjusted EBITDA for Third Quarter 2023
Rhea-AI Summary
Taseko Mines Limited reports third quarter 2023 Adjusted EBITDA of $63 million and Earnings from mining operations before depletion and amortization of $65 million. Gibraltar mine produced 35 million pounds of copper and 369 thousand pounds of molybdenum in the third quarter, driving Total operating costs down 17% to US$2.20 per pound. Adjusted net earnings for the quarter were $20 million, or $0.07 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.55%
Tags
earnings
News
Taseko Mines Announces that the UIC Permit for Florence Copper is now Effective
Rhea-AI Summary
Taseko Mines Limited announces that the US Environmental Protection Agency has confirmed the effectiveness of Florence Copper's final Underground Injection Control permit. This milestone positions Taseko as one of the few fully permitted mining projects in North America, bringing them closer to commercial production and realizing the full value of Florence Copper.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
none
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Taseko Mines Ltd.

NYSE:TGB

TGB Rankings

#2661 Ranked by Market Cap
#2198 Ranked by Stock Gains
N/A Ranked by Dividends

TGB Stock Data

730.56M
280.86M
3.05%
20.25%
1.07%
All Other Metal Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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About TGB

gibraltar, the cornerstone of taseko’s growth strategy taseko’s is the owner (75%) and operator of the gibraltar copper-molybdenum mine, located in south-central british columbia, the second largest open pit copper mine in canada and the largest employer in the cariboo region. by the end of 2012, the company will have invested ~$700 million to expand and modernize the operation, which was scheduled for demolition when the company acquired it in 1999. built in 1972, the mine was originally designed to process 36,000 tons of ore per day, producing approximately 60 million pounds of copper annually. soon after the re-start in 2004, taseko realized the potential of this large resource and embarked on a program to increase the copper reserves and expand the mining and processing capacity. by the end of 2012, gibraltar’s processing capacity will be increased to 85,000 tons per day with annual copper production averaging 180 million pounds for its 27 year mine life. .