Taseko Mines announces 40% increase in proven and probable reserves for Gibraltar Cu-Mo Mine
2022-04-01 13:51:59 [Print]
On March 30, Canada-based Taseko Mines Limited announced a new 706 million tons proven and probable sulphide reserve for the Gibraltar Mine, a 40% increase as of December 31, 2021.
The new reserve estimate allows for a significant extension of the mine life to 23 years with total recoverable metal of 3.0 billion pounds of copper and 53 million pounds of molybdenum.
The company expects an average annual production of approximately 129 million pounds of copper and 2.3 million pounds of molybdenum during the 23 years of mine life.
The new reserve estimate allows for a significant extension of the mine life to 23 years with total recoverable metal of 3.0 billion pounds of copper and 53 million pounds of molybdenum.
The company expects an average annual production of approximately 129 million pounds of copper and 2.3 million pounds of molybdenum during the 23 years of mine life.
Molybdenum Bar 99.9%min EXW China
Unit:RMB/kg
China ammonium molybdate producers' operating rate statistics by province by month
Unit: %
