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 (TSX: TKO) (NYSE American: TGB) (LSE: TKO) has announced the upcoming release of its second quarter 2024 financial results. The results will be disclosed after market close on Wednesday, July 31, 2024. Following the release, the company will host a telephone conference call and live webcast on Thursday, August 1, 2024, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific) to discuss the results.
Investors and analysts can join the conference call through various methods, including pre-registration for an automated callback or by dialing in directly. The call will also be available for playback until August 15, 2024, via phone or online access.
Taseko Mines (TSX: TKO, NYSE MKT: TGB, LSE: TKO) reports second quarter production of 20 million pounds of copper and 185,000 pounds of molybdenum at its Gibraltar Mine. Production was impacted by mill downtime for in-pit crusher relocation, maintenance activities, and an 18-day strike in June. The in-pit crusher move is now complete, and concentrator #1 is ramping up to full capacity. Concentrator #2 has been running consistently with improved throughput since January repairs. An insurance claim of US$22 million related to the previous issue is expected in Q3. Despite challenges, Taseko expects stronger production in H2 2024, with annual copper production estimated at 110-115 million pounds, slightly below the original 115 million pounds guidance.
Taseko Mines (TSX: TKO, NYSE MKT: TGB, LSE: TKO) released its 2023 Sustainability Report, titled H20 + ESG. The report details the Company's sustainability milestones at the Gibraltar Mine, including a significant 77% reduction in free water stored in the mine’s tailings storage facility over the past decade, thanks to innovative water management strategies. Additionally, it highlights contributions from the Florence Copper project in Arizona, soon to be Taseko’s second operating asset. President and CEO Stuart McDonald emphasized the importance of water conservation and the contributions of employees and partners in achieving these goals. The full report and a related video are available online.
Taseko Mines (TSX: TKO, NYSE MKT: TGB, LSE: TKO) has ratified a new labor agreement for its Gibraltar Mine, effective until May 31, 2027.
Workers have been recalled, and mining operations along with milling in concentrator #2 are resuming. However, concentrator #1 remains idle due to ongoing crusher relocation and scheduled maintenance.
This development marks a significant step for Taseko Mines in ensuring operational stability and continuity at Gibraltar Mine.
Taseko Mines (TSX: TKO, NYSE MKT: TGB, LSE: TKO) announced a tentative labour agreement with the unionized workforce at its Gibraltar Mine. The agreement awaits ratification by union members, with voting scheduled for Monday and Tuesday. If ratified, operations are expected to resume on Wednesday. This development is important for maintaining operational continuity and productivity at Gibraltar Mine.
Taseko Mines (TSX: TKO, NYSE American: TGB, LSE: TKO) disclosed the voting results from its 2024 Annual General Meeting held on June 13, 2024, in Vancouver.
A total of 153,248,875 common shares were voted, representing 52.6% of all outstanding shares. Shareholders approved all business items, including the Amendment and Continuation of the Share Option Plan, the Continuation of the Performance Share Unit Plan, and the Advisory Resolution on executive compensation. All director nominees were elected, with Rita Maguire and Stuart McDonald receiving the highest approval at 98.7% each.
Detailed results are available on SEDAR. This announcement has not been approved or disapproved by any regulatory authority.
On June 1, 2024, Taseko Mines announced the suspension of operations at its Gibraltar Mine due to a failure in collective bargaining with union representatives. The unionized workforce plans to strike as of midnight, May 31, 2024. Consequently, Taseko proactively shut down mining and milling operations, placing the mine on care and maintenance with only essential staff maintaining critical systems. Taseko remains committed to achieving a fair agreement through continued bargaining efforts.
Taseko Mines reported first quarter 2024 Adjusted EBITDA of $50 million, with revenues of $147 million and net income of $19 million. Gibraltar mine produced 30 million pounds of copper and 247 thousand pounds of molybdenum. The acquisition of the remaining 12.5% interest in Gibraltar provides cashflow and cost savings. Florence Copper construction is progressing well. The Company refinanced its senior secured notes for financial flexibility.
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