SimoneN/iStock through Getty Photos
Taseko Mines (NYSE:TGB) mentioned Wednesday its Gibraltar mine in British Columbia produced 35M lbs of copper and 369K lbs of molybdenum in Q3, up from Q2 output of 28M lbs of copper and 230K lbs of molybdenum.
Taseko (TGB) mentioned the 25% Q/Q enhance in copper manufacturing was a results of increased grades, improved recoveries and elevated mill throughput, whereas molybdenum grades rose as mining has progressed deeper into the Gibraltar pit, ensuing within the 60% Q/Q manufacturing enhance.
Q2 gross sales from Gibraltar had been held again by delivery delays from a July strike by port employees on Canada’s west coast, inflicting Q3 gross sales volumes to lag quarterly manufacturing by 3M lbs, and Taseko (TGB) expects the surplus stock will probably be shipped and offered in This fall.
Taseko (TGB) has mentioned it expects full-year copper manufacturing at Gibraltar of 115M lbs.