Core Viewpoint - Taseko Mines Limited is making significant progress on its Florence Copper project, with first copper production expected before the end of 2025, despite a recent setback regarding a tax credit application [2][3]. Project Progress - As of December 31, 2024, the overall project completion was at 56% with construction activities on schedule and approximately 450,000 project hours worked without reportable injuries or environmental incidents [2]. - The project has around 290 construction and support personnel on site, and key activities in the fourth quarter included the completion of process ponds and surface water runoff pond construction, and the construction of 17 production wells, bringing the total to 51 out of 90 planned wells [5]. Financial Position - The company reported a strong financial position with C$330 million of available liquidity at year-end, including an undrawn US$110 million revolving credit facility [2]. Market Context - The Florence Copper project is positioned to meet the growing US copper demand and is noted as the only greenfield copper mine currently under construction in the USA, expected to become the third largest copper cathode producer in the country [2][3].
Taseko Provides Construction Update on Florence Copper Project