Taseko Mines produced 34M pounds of copper in Q4

Taseko Mines announced that the Gibraltar mine produced 34M pounds of copper and 369,000 pounds of molybdenum in the Q4. For the full year, Gibraltar produced 123M pounds of copper, well above guidance and 26% higher than the previous year. Copper production in the Q4 was supported by strong copper grades of 0.27% with ore from the lower benches of the Gibraltar pit. Mill throughput in the quarter averaged 83,000 tons per day and was impacted by additional downtime for maintenance and monitoring of the ball mill in concentrator #2. Copper sales volumes in the Q4 were 36M pounds, and year-end concentrate inventories remained above normal levels.