Taseko Mines Reports Q2 Production Results Of 20M Pounds Of Copper And 185,000 Pounds Of Molybdenum
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Taseko Mines Limited reported Q2 production results of 20 million pounds of copper and 185,000 pounds of molybdenum. Production was impacted by mill downtime due to the relocation of the in-pit crusher and maintenance activities, as well as an 18-day strike by the unionized workforce in June. The in-pit crusher move and maintenance work have been completed, and Concentrator #1 is ramping up to full capacity.
July 15, 2024 | 12:04 pm
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Taseko Mines Limited reported Q2 production results of 20 million pounds of copper and 185,000 pounds of molybdenum. Production was impacted by mill downtime and a strike, but maintenance is now complete, and operations are ramping up.
The production results were lower due to operational disruptions, but the completion of maintenance and resumption of full capacity operations should stabilize future production. The short-term impact on the stock price is likely neutral as the market may have already priced in the disruptions.
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