Taseko capitalises on rising copper prices, builds on 2016 success

August 3, 2017

Responsive image

Building on its successes from 2016 and using the first half of 2017 to capitalise on rising copper prices, TSX- and NYSE-listed Taseko Mines has, over the past nine months, generated $192-million of cash flow from operations as well as $147-million in earnings from its mining operations, before depletion and amortisation. “With the copper price recently increasing to two-year highs, combined with nearly $100-million of cash on hand, plus our long-term debt reduced and termed out five years, we are in a very good position to continue investing in and advancing our pipeline of projects,” said Taseko president and CEO Russell Hallbauer in a note to shareholders published Wednesday,

Category: General