Dahlman Rose provided color on Taseko Mines TGB in a research report published today. Dahlman Rose has previously given Taseko Mines a Buy rating.
In the report, Dahlman Rose states, "Taseko sets floors and ceilings for most of its 2012 copper production; insuring operating cash flows for the Gibraltar expansion plan. We estimate that the majority of the $325MM (gross) capital for the Phase III expansion will be spent in 2012, with the remainder in 2013 (and in 2H 2011)."
Shares of Taseko Mines were trading at $4.95 at the time of posting, up 0.61% from Wednesday's market close.
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