- Taseko received the permit it needed for Gibraltar in time to avoid disruption to its 2021 mining plans.
- This could allow it to generate over US$60 million per quarter in operating margins in the second half of 2021 if copper prices remain around current levels.
- Taseko still has the catalyst of permitting for Florence Copper potentially upcoming soon.
- It has gotten lucky though in avoiding the need for a JV agreement to finance Florence Copper at much lower copper prices.
- This allows for more upside if copper prices remain strong when Florence Copper starts producing.
For further details see:
Taseko Mines: Production At Gibraltar Continues As Planned After Permit Receipt