The 14% increase in copper prices since the start of 2024 has led to mixed results among copper miners, with the Global X Copper Miners ETF (COPX) seeing little movement. However, some miners have significantly outperformed, including Taseko Mines, which has gained 8% this year. Taseko’s operations in Canada and the U.S. place it in...
READ MORETaseko Mines recorded revenues of $608 million in 2024, selling 108 million pounds of copper and 1.4 million pounds of molybdenum. Adjusted EBITDA for the year was $224 million, with earnings from mining operations before depletion and amortization at $244 million. Despite cost control measures, the company reported a net loss of $13 million ($0.05...
READ MORETaseko Mines has announced that recent US and Canadian trade tariffs will not affect its operations or sales. The company confirmed that its 100%-owned Gibraltar Mine, which produces copper and molybdenum concentrates, remains unaffected. All production from Gibraltar is sold to international metal traders and delivered to Asian markets under offtake contracts secured through the...
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