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) maintains this dedicated news portal for stakeholders tracking developments in copper production, mineral exploration, and operational updates from Canada's premier mining operations. Our curated news collection provides essential insights into the company's core activities at the Gibraltar mine, Florence Copper project, and other strategic assets.
Investors and industry observers will find authoritative reporting on quarterly results, resource estimates, and operational milestones. The archive includes technical updates compliant with NI 43-101 standards, facility expansion announcements, and sustainability initiatives within Taseko's mining operations.
Content spans three key areas: production updates from active mining sites, development progress on exploration projects, and strategic partnerships shaping North America's base metals sector. All materials maintain rigorous standards for factual accuracy and operational transparency.
Bookmark this page for streamlined access to Taseko's official communications. Combine regular check-ins with our news alerts to stay informed about copper price impacts, milling capacity changes, and corporate developments affecting this TSX-listed mining enterprise.
Taseko Mines Limited (TGB) reported a net loss of $5.3 million for Q2 2022, lower than the $13.4 million profit in Q2 2021. Adjusted EBITDA was $1.7 million, down from $47.7 million the previous year. Cash flow from operations was $18.3 million, a significant drop from $72.5 million. Copper production reached 20.7 million pounds, down from 26.8 million pounds. The average copper price was US$4.08 per pound but fell in the quarter, leading to negative price adjustments totaling $7 million. Management anticipates improved production in H2 2022.
Taseko Mines Limited (TGB) is set to release its second quarter 2022 financial results after market close on August 8, 2022. Investors and analysts are invited to participate in a conference call on August 9 at 11:00 a.m. ET to discuss these results. The call will include an opening statement from management followed by a Q&A session. Access to the call can be made via phone or online at tasekomines.com/investors/events. The call will be archived until August 23, 2022.
Taseko Mines Limited (TGB) has acquired copper collars ensuring a minimum price of US$3.75 per pound for 30 million pounds of copper in H1 2023, with a ceiling price of US$4.72. This follows a strategy to protect against price volatility. The company also has a minimum price of US$4.00 for 42 million pounds in H2 2022, potentially generating an additional C$45 million in cash flow. CEO Stuart McDonald highlighted the significance of this protection in maintaining a strong balance sheet, especially as production is expected to improve at the Gibraltar mine.
Taseko Mines Limited (TGB) held its 2022 Annual General Meeting in Vancouver on June 9, 2022, where 149,948,862 common shares were voted, representing 52.4% of all outstanding shares. Shareholders approved all agenda items, including the election of Rita Maguire to the Board of Directors, with 98% of votes in her favor. Maguire brings extensive legal expertise in water and environmental law, crucial for the company’s Florence Copper Project. CEO Stuart McDonald emphasized her strong qualifications as they progress toward commercial production.
Taseko Mines Limited (NYSE American: TGB) reported a strong first quarter for 2022, with Adjusted EBITDA of $38 million, marking a 61% increase from 2021. The Gibraltar Mine achieved sales of 27 million pounds of copper at an average price of US$4.59 per pound. Despite inflationary pressures, primarily from higher diesel costs, the mine produced 21 million pounds of copper, and total revenues reached $118 million. Taseko's liquidity stood at $273 million. The company anticipates a total copper production of 115 million pounds for the year, weighted towards the second half.
Taseko Mines Limited (TSX: TKO, NYSE: TGB) will announce its first quarter financial results on May 4, 2022, after market close. A conference call will be held on May 5, 2022, at 11:00 a.m. ET, for management to discuss the results, followed by a Q&A session with analysts and investors. Participants can access the call via phone or the company’s [website](https://www.tasekomines.com/investors/events). An archived playback will be available until May 19, 2022.
Taseko Mines Limited (TGB) announced a significant 40% increase in the proven and probable sulphide reserves at its Gibraltar Mine, now totaling 706 million tons. This expansion extends the mine's operational lifespan to 23 years, with recoverable resources of 3.0 billion pounds of copper and 53 million pounds of molybdenum. The mine is expected to produce approximately 129 million pounds of copper annually. The after-tax NPV8 is estimated at $1.1 billion, and free cash flow projected at $2.3 billion based on a long-term copper price of US$3.50 per pound.
Taseko Mines Limited (TGB) has renewed its Participation and Cooperation Agreement with the Williams Lake First Nation (WLFN), originally established in April 2013. The renewed agreement aims to foster environmentally responsible and economically beneficial mine development at the Gibraltar Mine in British Columbia. It emphasizes enhanced communication, employment opportunities for WLFN members, and community development initiatives. The signing ceremony took place on February 24, 2022. Taseko's CEO, Stuart McDonald, expressed optimism about the partnership, which aims to support both economic and social interests of the WLFN community.
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