Market Overview

Taseko Reports Q3 Copper Production Increased 30%

Taseko (NYSE: TGB) announces 2013 third quarter total production of 36.7
million pounds of copper and 284,000 pounds of molybdenum at its 75%
owned Gibraltar Mine.

Russell Hallbauer, President and CEO of Taseko, commented, "Optimization
of the grinding circuits continued in the third quarter, as evidenced
by the 30% increase in copper production. Mill availability increased
from 83% in the second quarter to 87% in the third quarter. There still
remain significant opportunities for further mill throughput increases
as we move toward the target availability of 93.5%. Copper production
in the third quarter also benefitted from improved recoveries as well
as higher head grade."

"The operations team is continuing to gain a thorough understanding of
how to best manage ore feed to the two concentrators and we expect
production improvements still to come. Important in this integration is
how we will process certain types of ore, with differing
characteristics, which may allow the concentrators to function above
design capacity. To provide some insight into the benefits of this
approach, in the last two weeks of September, the mills processed an
average of 95,000 tons per day. Mine to mill optimization is an

See full press release

Posted-In: News Guidance Contracts Management Global

 

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