- Taseko Mines press release ( NYSE: TGB ): Q2 Non-GAAP EPS of -C$0.06.
- Revenue of C$82.94M (-25.3% Y/Y).
- Adjusted EBITDA of C$1.7M.
- Q2 cash flow from operations was C$18.3M, earnings from mining operations before depletion and amortization was C$7.2M.
- Total site costs at Gibraltar of C$76.1M (which includes capitalized stripping of C$11.9M) for Taseko's 75% share was generally consistent with the first quarter but was C$11.6M higher than the same quarter last year.
- Copper production is expected to be significantly higher in the second half of the year, and we have already seen improvements since quarter-end as 9.5M pounds of copper was produced in the month of July. We still expect to meet our original copper production guidance of 115M pounds (+/-5%), but given the more challenging conditions in the first half of the year, now expect to be at the lower end of that range.
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Taseko Mines Non-GAAP EPS of -C$0.06, revenue of C$82.94M