Taseko announces Q1 2017 production results at Gibraltar
2017-04-21 14:29:25 【Print】
BEIJING (Asian Metal) 21 Apr 17 - Taseko Mines Limited (“Taseko” or the “Company”) announced first quarter Gibraltar Mine production of 41
Total sales for the first quarter of 2017 were 40 . 8 million pounds of copper and 0 . 9 million pounds of molybdenum.
Gibraltar’s operating performance in the first quarter was in line with management expectations and the mine continues to benefit from higher than average ore grade . For the second straight quarter since it was restarted, Gibraltar’s molybdenum plant operated at design capacity . Revenue from molybdenum sales provides a significant by-product credit towards total operating costs . Total operating costs were approximately 5% to 10% lower than the previous quarter costs of US$1 . 48 per pound, as a result of increased molybdenum by-product credits and reduced site operating costs.
. 3 million pounds of copper and 0 . 9 million pounds of molybdenum . These production results represent a continuation of the strong operating performance in the fourth quarter of 2016 in which Gibraltar produced 40 . 7 million pounds of copper and 0 . 8 million pounds of molybdenum.
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