New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 7, 2014
14:40 EDTTGBTaseko Mines reports Q2 production results
Taseko announces second quarter production of 38.5M pounds of copper and 667,000 pounds of molybdenum from the Gibraltar Mine, increases of 37% and 100%, respectively, over the same period in 2013. Total production for the first half of 2014 was 73M pounds of copper and 1.2M pounds of molybdenum. In the second quarter, total sales were 38.7M pounds of copper and 731,000 pounds of molybdenum. Concentrator throughput was 7.7M tons in the second quarter, a 10% increase from the 7M tons achieved in the first quarter. This resulted in average throughput of 85,000 tons per calendar day, or 92,700 tons per operating day. Recoveries remain a focus of the operations team and headway is being made towards reaching target levels. Copper grade for the second quarter remained below the Granite Pit average, roughly in line with the first quarter. As per previous guidance, the copper grade is now returning to the average grade where it is expected to remain for the balance of 2014.
News For TGB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 26, 2016
18:07 EDTTGBTaseko Mines responds to comments from activist Raging River Capital
Taseko Mines responded to comments from activist Raging River Capital, which requisitioned a special meeting of Taseko shareholders after acquiring slightly more than the minimum shares for a requisition. RRC, a recently created entity with no mining assets or operations, began accumulating Taseko shares on December 29, 2015, two weeks before the requisition. One of its principals, Mark Radzik, is also Managing Partner of a Chicago-based investment firm that describes itself as making "opportunistic" investments. Taseko has set a date of May 10, 2016 for the meeting requisitioned by RRC. Taseko expects to report financial results for the Q1 prior to the meeting date. The record date for the requisitioned meeting is March 11.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use