Taseko (TGB) Climbs 24% on Gold, Copper Boost

Core Insights - Taseko Mines Limited (NYSEAmerican:TGB) experienced a significant increase in stock price, rising by 24.23% week-on-week, driven by higher gold and copper prices [1][3] - The company reported mixed earnings for the third quarter, with a substantial widening of net loss despite an increase in revenues [2][3] Financial Performance - Taseko Mines widened its net loss by 15,365% to $27.8 million from $180,000 in the same period last year [3] - Revenues increased by 11.7% to $173.9 million from $155.6 million year-on-year, primarily due to the sale of 26 million pounds of copper and 421,000 pounds of molybdenum [3] Production Metrics - Gibraltar copper production improved significantly, producing 27.6 million pounds of copper in the third quarter, which included 895,000 pounds of copper cathode and 558,000 pounds of molybdenum [4] - Copper recoveries for the third quarter were at 77%, with both grade and recoveries higher than the previous two quarters, and expectations for further increases in the fourth quarter [5]