Core Viewpoint - Taseko Mines Limited reported its third quarter 2024 financial results, highlighting a net loss of $0.2 million, adjusted net income of $8 million, and significant production and operational updates from its Gibraltar Mine and Florence Copper project. Financial Performance - Adjusted EBITDA for Q3 2024 was $48 million, with earnings from mining operations before depletion and amortization at $55 million [2][6] - Revenues for the quarter reached $156 million from the sale of 26 million pounds of copper and 348 thousand pounds of molybdenum [2][8] - The company recorded a net loss of $0.2 million, translating to $nil per share, while adjusted net income was $8 million, or $0.03 per share [2][8] Production and Operations - Gibraltar Mine produced 27 million pounds of copper and 421 thousand pounds of molybdenum in Q3 2024, with copper grades at 0.23% [3][11] - Total operating costs (C1) for the quarter were US$2.92 per pound of copper produced, reflecting a slight increase compared to previous quarters [3][18] - The company experienced nearly three weeks of downtime in Concentrator 1, impacting mill throughput and copper production [11][19] Future Outlook - For 2025, Taseko expects copper production to increase to the range of 120 to 130 million pounds, with improved mill throughput and ore quality anticipated as mining progresses deeper into the Connector pit [4][21] - The Florence Copper project is on track for first copper production in late 2025, with construction progressing and key permits in place [24][27] - The company has applied for a tax credit of up to US$110 million under the U.S. Department of Energy's Qualifying Advanced Energy Project Credit Program, with results expected in January 2025 [29][30] Strategic Developments - Taseko is preparing to enter the environmental assessment process for the Yellowhead Copper Project in early 2025, with plans for an updated feasibility study next year [5][33] - The company has a strong balance sheet with $209 million in cash and total liquidity of approximately $317 million as of September 30, 2024 [4][6] - Taseko's strategy focuses on acquiring and developing copper projects in North America to generate long-term returns for shareholders [31]

Investors might want to bet on Taseko Mines (TGB) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings pic ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuati ...

VANCOUVER, British Columbia, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) (the "Company") will release its third quarter 2024 financial results after market close on Wednesday, November 6, 2024. The Company will host a telephone conference call and live webcast on Thursday, November 7, 2024, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific) to discuss these results. After opening remarks by management, there will be a question-and-answer session open to analys ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, in ...

Price Movement of Copper - Copper started the year at $3.89 per pound and surged over 33% to a record high of $5.20 per pound [1] - The price has since fallen back 13% to $4.51 per pound, but remains significantly higher than the starting price [1] Investment Philosophy of Mountain Valley Value Investments - The company specializes in identifying undervalued companies with strong growth potential across various sectors [1] - Focused on long-term value and buying at the right price, leveraging deep industry insights and rigorous analysis [1] - Aims to provide actionable investment ideas that stand the test of time [1]

This release should be read with the Company's Financial Statements and Management Discussion & Analysis ("MD&A"), available at www.tasekomines.com and filed on www.sedarplus.com. Except where otherwise noted, all currency amounts are stated in Canadian dollars. In March 2024 Taseko acquired the remaining 12.5% interest and now owns 100% of the Gibraltar Mine, located north of the City of Williams Lake in south-central British Columbia. Production and sales volumes stated in this release are on a 100% basis ...

Metal production in the second quarter was impacted by mill downtime for the relocation of the in-pit crusher and concurrent maintenance activities in concentrator #1, as well as a strike by the mine's unionized workforce in June. The in-pit crusher move was completed in late May but the final installation work and the other mill maintenance was interrupted by the 18-day strike in June. This work resumed following the strike, when contractors were able to return to site, and is now completed. Concentrator # ...

VANCOUVER, BC, June 25, 2024 /PRNewswire/ - Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) ("Taseko" or the "Company") has published its annual Sustainability Report, titled H20 + ESG. The report focuses on the Company's operational and sustainability achievements at the Gibraltar Mine in 2023, and also highlights social and economic contributions from the Florence Copper project in Arizona, which will soon become the Company's second operating asset. Taseko's 2023 Sustainability Report also hig ...

VANCOUVER, BC, June 19, 2024 /PRNewswire/ - Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) ("Taseko" or the "Company") announced today that the union representing workers at its Gibraltar Mine has now ratified the previously announced tentative agreement. The new agreement will be in place until May 31, 2027. No regulatory authority has approved or disapproved of the information contained in this news release. Stuart McDonald Caution Regarding Forward-Looking Information Forward-looking statemen ...