VANCOUVER - Taseko Mines (NYSE:TGB) Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) has announced a significant increase in copper production at its Gibraltar mine for the year ended December 31, 2023. The mine produced 123 million pounds of copper, marking a 26% increase from the previous year and surpassing the company's production guidance.
The fourth quarter of 2023 saw the Gibraltar mine produce 34 million pounds of copper and 369 thousand pounds of molybdenum, with copper grades averaging 0.27%. Despite challenges including additional downtime for maintenance, the mill's throughput averaged 83,000 tons per day.
Stuart McDonald, President and CEO of Taseko, expressed optimism for the continued strong performance of the mine into 2024, with the Gibraltar pit expected to remain the primary source of ore for the first half of the year.
This information is based on a press release statement from Taseko Mines Limited. No regulatory authority has approved or disapproved the information contained in the release.
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