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Taseko(TGB) - 2023 Q1 - Quarterly Report
2023-03-31 15:18
Exhibit 99.1 TASEKO ANNOUNCES IMPROVED ECONOMICS FOR ITS FLORENCE COPPER PROJECT March 30, 2023, Vancouver, BC - Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) ("Taseko" or the "Company") is pleased to announce the results of recent technical work and updated economics for its 100%-owned Florence Copper Project, located in Arizona, U.S.A (the 'Florence Copper Project" or "Florence Copper"). The Company has filed a new technical report entitled "NI 43-101 Technical Report - Florence Copper Pro ...
Taseko(TGB) - 2022 Q4 - Earnings Call Transcript
2023-02-24 19:35
Brian Bergot - VP, IR Stuart McDonald - President, CEO Bryce Hamming - CFO Operator Thank you, Sergio. Welcome, everyone, and thank you for joining Taseko's Fourth Quarter and Full Year 2022 Conference Call. The news release and regulatory filing announcing our financial and operational results was issued yesterday after market close and is available on our website at tasekomines.com and on SEDAR. Company Participants Craig Hutchison - TD Securities Alex Terentiew - Stifel I would like to turn the conferenc ...
Taseko(TGB) - 2022 Q3 - Earnings Call Transcript
2022-11-04 17:57
Taseko Mines Ltd (NYSE:TGB) Q3 2022 Earnings Conference Call November 4, 2022 11:00 AM ET Company Participants Brian Bergot - VP, IR Stuart McDonald - President, CEO & Director Bryce Hamming - CFO Richard Tremblay - SVP, Operations Conference Call Participants Orest Wowkodaw - Scotiabank Edward Brucker - Barclays Bank Craig Hutchison - TD Securities Alexander Terentiew - Stifel Nicolaus Alexander Bedwany - Canaccord Genuity Michael Kozak - Cantor Fitzgerald Operator Good morning, ladies and gentlemen, my na ...
Taseko(TGB) - 2022 Q2 - Earnings Call Presentation
2022-08-10 04:39
Taseko> BUILDING NORTH AMERICA'S LOW-COST MULTI-ASSET COPPER PRODUCER June 2022 Disclaimer This presentation contains forward-looking statements and forward-looking information (collectively referred to as "forward-looking statements") within the meaning of applicable Canadian securities legislation and the United States Private Securities Legislation Reform Act of 1995, Section 27A of the Securities Act and 21E of the U.S. Securities Exchange Act of 1934, as amended, which may not be based on historical fa ...
Taseko(TGB) - 2022 Q2 - Earnings Call Transcript
2022-08-09 19:01
Financial Data and Key Metrics Changes - Revenue for Q2 2022 decreased compared to Q1 2022, primarily due to lower sales volumes and a $5.5 million downward provisional pricing adjustment related to falling copper prices [23][24] - The company reported a GAAP loss of $0.02 per share for Q2, with an adjusted net loss of $0.06 per share after accounting for unrealized gains and losses [26][30] - Total site costs increased by approximately $11 million compared to the same quarter last year, driven mainly by higher fuel costs [25] Business Line Data and Key Metrics Changes - Copper production for the quarter was 21 million pounds, about 5 million pounds below the planned target, attributed to lower ore grades and mining dilution [12][13] - The company expects significant improvements in copper production in the second half of the year, with July production already on plan at 9.5 million pounds [13][18] Market Data and Key Metrics Changes - The copper price dropped by about $1 during the quarter, but the company managed to minimize exposure through fixed pricing strategies [24][31] - Current copper prices are around $3.60, which is still considered healthy despite a 25% drop from earlier highs [31] Company Strategy and Development Direction - The company remains focused on the Florence Copper project, emphasizing its small environmental footprint and the need for domestic copper supply [11][21] - The permitting process for the Florence project is ongoing, with expectations for a draft permit to be issued soon, followed by a public comment period [19][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the second half of the year, anticipating improved ore grades and production rates as mining progresses deeper into the Gibraltar Pit [12][17] - The company believes that medium to long-term fundamentals for copper remain intact, driven by the transition to a green economy and challenges in bringing new mines into production [33][34] Other Important Information - The company has a cash balance of CAD176 million and a $50 million line of credit, indicating a strong financial position [30] - Capital expenditures for the Florence project are expected to be around $20 million for the remainder of the year, with additional smaller costs to maintain site operations [27][56] Q&A Session Summary Question: Regarding Gibraltar's grades in July - Management confirmed that grades in July were 20% higher than in the previous quarter and indicated that grades will trend back up towards reserve levels [37][40] Question: On total tons mined in the first half of the year - The lower tons mined were attributed to longer haul distances, but an increase is expected in the second half as mining progresses [41] Question: Financing needs for Florence - Management does not foresee the need for substantial financing of $100 million to $200 million, indicating comfort with the current balance sheet [44] Question: EPA comment period duration - Previous comment periods were brief, with only one comment received, and management is confident in addressing any potential concerns [48][49] Question: Impact of lower copper prices on cash flow - Management stated that input costs typically decrease alongside copper prices, mitigating potential cash flow issues [50] Question: Absenteeism and hiring impacts on costs - Management does not expect increased costs from hiring, as these are already accounted for in the operating model [51] Question: Capital spending for Florence and Gibraltar - Management confirmed expected capital spending of $20 million for Florence and additional $10 million for the Gibraltar crusher move in the second half of the year [56]
Taseko(TGB) - 2022 Q1 - Earnings Call Transcript
2022-05-05 21:03
Taseko Mines Limited (NYSE:TGB) Q1 2022 Earnings Conference Call May 5, 2022 11:00 AM ET Company Participants Brian Bergot – Vice President, Investor Relations Stuart McDonald – President and Chief Executive Officer Bryce Hamming – Chief Financial Officer Richard Tremblay – Senior Vice President-Operations Conference Call Participants Ed Brooker – Barclays Alex Terentiew – Stifel Operator Good morning. My name is Miranda and I will be your conference operator today. At this time, I would like to welcome eve ...
Taseko(TGB) - 2022 Q1 - Quarterly Report
2022-03-30 22:28
Exhibit 99.1 TASEKO ANNOUNCES A 40% INCREASE IN GIBRALTAR PROVEN AND PROBABLE RESERVES March 30, 2022, Vancouver, BC - Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB; LSE: TKO) ("Taseko" or the "Company") is pleased to announce a new 706 million ton proven and probable sulphide reserve for the Gibraltar Mine, a 40% increase as of December 31, 2021. The new reserve estimate allows for a significant extension of the mine life to 23 years with total recoverable metal of 3.0 billion pounds of copper and 53 milli ...
Taseko(TGB) - 2021 Q4 - Earnings Call Transcript
2022-02-23 19:00
Taseko Mines Limited (NYSE:TGB) Q4 2021 Earnings Conference Call February 23, 2022 11:00 AM ET Company Participants Brian Bergot - VP, IR Stuart McDonald - President & CEO Bryce Hamming - CFO Richard Tremblay - SVP, Operations Conference Call Participants Orest Wowkodaw - Scotiabank Ed Brucker - Barclays Bank Craig Hutchison - TD Securities Mike Kozak - Cantor Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are ...
Taseko(TGB) - 2021 Q3 - Earnings Call Transcript
2021-11-05 15:40
Taseko Mines Limited (NYSE:TGB) Q3 2021 Earnings Conference Call November 4, 2021 11:00 AM ET Company Participants Brian Bergot - VP, IR Stuart McDonald - President & CEO Richard Tremblay - SVP, Operations Bryce Hamming - CFO Conference Call Participants Ed Brucker - Barclays Bank Craig Hutchison - TD Securities Operator Good morning. My name is Kelsey, and I will be your conference operator today. At this time, I would like to welcome everyone to the Taseko Mines' Third Quarter Earnings Production Results ...
Taseko(TGB) - 2021 Q2 - Earnings Call Transcript
2021-08-06 05:04
Taseko Mines Limited (NYSE:TGB) Q2 2021 Earnings Conference Call August 5, 2021 11:00 AM ET Company Participants Brian Bergot - VP, IR Stuart McDonald - President & CEO Richard Tremblay - SVP, Operations Bryce Hamming - CFO Conference Call Participants Edward Brucker - Barclays Bank Craig Hutchison - TD Securities Operator Good morning. My name is Michelle, and I will be your conference operator today. At this time, I would like to welcome everyone to the Taseko Mines second quarter earnings and production ...