Welcome to our dedicated page for Taseko Mines news (Ticker: TGB), a resource for investors and traders seeking the latest updates and insights on Taseko Mines stock.
Taseko Mines Limited (TGB) generates frequent news through operational updates, project milestones, financings, and regulatory disclosures connected to its copper-focused mining portfolio in British Columbia and Arizona. News releases often highlight copper and molybdenum production at the Gibraltar Mine, progress at the Florence Copper project, and developments at other properties such as Yellowhead and New Prosperity.
Readers following Taseko’s news can expect detailed quarterly and interim reports on Gibraltar’s operating performance, including tons mined and milled, copper and molybdenum production, recoveries, and site operating costs. The company also reports on the performance of Gibraltar’s SX/EW plant, which produces copper cathode, and on how mine sequencing in the Connector pit affects grades and recoveries.
Another recurring news theme is the construction and ramp-up of Florence Copper in Arizona. Taseko’s updates describe construction progress, wellfield drilling and completion, commencement of injection and recovery operations, acidification of the wellfield, and commissioning of the SX/EW plant. These releases provide insight into how the project is transitioning from construction to early-stage operations and copper cathode production.
Taseko also issues news about corporate and capital markets activities, including bought deal equity offerings, use of proceeds to repay revolving credit facilities, and participation in investor conferences. Technical and permitting milestones, such as the filing of an updated technical report for the Yellowhead project and the start of the Environmental Assessment process, are reported through company announcements as well.
This news page aggregates such disclosures so investors can review production trends at Gibraltar, the status of Florence Copper’s ramp-up, financing transactions, and project-level regulatory developments in one place. For those tracking TGB, the feed offers a consolidated view of how operational performance, project execution, and capital decisions evolve over time.
Taseko Mines Limited (TSX: TKO, NYSE American: TGB) reported a strong performance for Q3 2021, with revenues of $132.6 million, a 171% increase in adjusted net income to $27 million ($0.10 per share), and Adjusted EBITDA rising 60% to $76.3 million. The Gibraltar Mine produced 34.5 million pounds of copper, showing a 29% quarter-over-quarter increase. The company anticipates 120 million pounds of copper production for the year, maintaining a strong cash position of $239 million and approximately $300 million in available liquidity.
Taseko Mines Limited (TGB) announced its plans to release third quarter 2021 financial results on November 3, 2021, after the market closes. A conference call and live webcast to discuss the results will be held on November 4, 2021, at 11:00 a.m. ET. Interested parties can access the call via phone or online through the company's investor events page. The call will include a Q&A session for analysts and investors. The playback will be available until November 18, 2021.
Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) announced a significant increase in copper and molybdenum production at the Gibraltar Mine for Q3 2021, producing 34.5 million pounds of copper (up 29%) and 600 thousand pounds of molybdenum (up 50%). The average LME copper price was US$4.25 per pound, promising improved financial performance. The company is also mobilizing a drill crew for further exploration to expand Gibraltar's resource base and has secured a US$50 million Revolving Credit Facility to support future projects.
Taseko Mines Limited (TGB) has secured a US$50 million Revolving Credit Facility, arranged by National Bank of Canada, for working capital and corporate purposes. CEO Stuart McDonald stated the company expects to fund the Florence Copper Project from cash flow generated by existing operations, indicating no immediate need to draw from the facility. Additionally, the U.S. EPA plans to issue a draft Underground Injection Control permit, essential for construction of the Florence Copper Project, with no significant issues raised thus far.
Taseko Mines Limited (NYSE: TGB) reported significant financial improvements for Q2 2021, showing a net income of $13.4 million and adjusted EBITDA of $47.7 million, marking increases of 101% and 80% respectively over the previous quarter. Copper production rose by 20% to 26.8 million pounds, driven by strong market prices averaging US$4.40 per pound. The company maintains a robust cash position of $226 million, enabling continued investment in the Florence Copper project, which expects to become a low-impact copper producer. Taseko also solidified its copper price protection strategy for the upcoming year.
Taseko Mines Limited (TGB) is scheduled to release its second quarter 2021 financial results after market close on August 4, 2021. A telephone conference call and live webcast will follow on August 5, 2021, at 11:00 a.m. Eastern Time, where management will discuss the results and hold a Q&A session for analysts and investors. For access, participants can dial numbers specific to their regions or join online.
Taseko Mines Limited announced the sale of the Harmony Gold Project to JDS Gold Inc., a newly formed company, on July 12, 2021. Taseko will retain a 15% carried interest and a 2% net smelter return royalty on the project located on Graham Island, British Columbia. The agreement includes a provision for Taseko to regain full ownership if JDS fails to meet development milestones. Taseko's President emphasized the potential for shareholder value creation through this partnership, while JDS is optimistic about advancing the project due to its experience in mining development.
Taseko Mines Limited reported production results for its Gibraltar Mine on July 8, 2021. The mine produced 27 million pounds of copper and 400 thousand pounds of molybdenum in Q2 2021, marking a 20% increase in copper production from Q1, in line with expectations. Copper prices averaged US$4.40 per pound, the highest quarterly price ever. The company has extended its price protection through copper collars, securing a minimum price of US$4.00 and a ceiling of US$5.60 for 42 million pounds in H1 2022. Engineering work continues at the Florence Copper project, with a draft permit expected by the end of Q3.
Taseko Mines Limited (TGB) announced voting results from its 2021 Annual General Meeting held on June 17, where 141,179,859 shares, representing 49.9% of total shares, were voted. Shareholders approved all items, including election of directors. The company also confirmed the retirement of CEO Russell Hallbauer and COO John McManus, effective June 30, with President Stuart McDonald stepping into the CEO role. Richard Tremblay and Richard Weymark were promoted to Senior VP Operations and VP Engineering, respectively. Taseko achieved over $900 million in operating cash flow during Hallbauer’s tenure.
Taseko Mines Limited (TGB) reported strong earnings for Q1 2021, showing significant increases in Earnings from mining operations, which rose 412% to $30.3 million, and Adjusted EBITDA, up 344% to $23.7 million. Despite a net loss of $5.5 million, the company benefited from a decade-high copper price of approximately US$4.50 per pound. Production reached 22.2 million pounds of copper but was slightly below expectations due to lower head grades. The company anticipates improved performance in the second half of the year, supported by ongoing progress at the Florence Copper project and favorable market conditions.
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