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Taseko Announces 2020 Sustainability Performance
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Taseko Announces 2020 Sustainability Performance
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Press Release - MINING.COM
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IN BRIEF: Taseko Mines Loss Narrows, Expects Transformational 2021
Fri, 26th Feb 2021 15:31
Taseko Mines Ltd - Vancouver, Canada-headquartered mid-tier copper producer - Posts narrowed 2020 loss of CAD23.5 million, or GBP13.3 million, compared to a CAD53.4 million loss the year before. Revenue rises 4.3% to CAD343.3 million from CAD329.2 million and the firm swings to earnings of CAD23.7 million from mining operations from a CAD39.1 million loss in 2019. Florence Copper project, located near Florence, Arizona, is in advanced stage.
President Stuart McDonald: 2021 will be a transformational year for Taseko as we take the final steps to unlock the full value of Florence and pave the way to becoming a multi-asset copper producer. The addition of Florence will increase Taseko s attributable annual copper production by 85% to approximately 185 million pounds. Florence production will also significantly reduce Taseko s consolidated operating costs given its expected C1 operating cost