Taseko Releases Economic Impact Study for Gibraltar Copper Mine

Core Insights - Taseko Mines Limited's Gibraltar copper mine has significantly contributed to the economies of the Cariboo Region, British Columbia, and Canada since its reopening in 2004, with a total economic output of $16.3 billion and value-added GDP of$8.3 billion [2][4] - The mine is projected to generate a cumulative economic impact of $41.9 billion in output and$21.2 billion in value-added GDP through 2044, with substantial contributions to the Cariboo region [4] - Gibraltar mine plays a crucial role in regional employment, currently supporting approximately 2,860 full-time jobs, with mining jobs in Canada being well compensated [4][5] Economic Contributions - Since 2004, Gibraltar has generated $2.0 billion in total government revenues, with an additional forecast of$3.1 billion in taxes over the next 20 years, leading to a cumulative total of over $5 billion [4] - The mine is the second-largest open-pit copper mine in Canada, producing an average of 129 million pounds of copper annually, which is essential for various energy technologies [4] Future Outlook - Taseko anticipates significant growth in its North American copper business, with the Florence Copper project in Arizona expected to begin production in late 2025, alongside the Yellowhead copper project in British Columbia [6]