9th Jan 2025 14:29
Taseko Mines Ltd - operates open-pit Gibraltar copper mine in British Columbia, Canada - Says it produced 106 million pounds of copper and 1.4 million pounds of molybdenum in 2024 at the Gibraltar copper mine. Taseko bought the mine in March 2024 for CAD117 million, around GBP68.2 million at the time. Chief Executive Officer Stuart McDonald says: "Since completion of the planned major maintenance activities in July, milling operations at Gibraltar have been running smoothly. Mill throughput averaged over 89,000 tons per day in the fourth quarter, 5% over design capacity, resulting in copper production of 29 million pounds for the period. Looking ahead to 2025, increased mill availability is expected to result in annual copper production of 120 to 130 million pounds, a significant increase over last year, although production is expected to be weighted to the second half of the year. Read More