Taseko Reports Second Quarter 2018 Financial and Operational Results

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Go back to Taseko Reports Second Quarter 2018 Financial and Operational Results

Taseko Mines (TGB) Reports In-Line Q2 EPS

August 7, 2018 4:54 PM EDT

Taseko Mines (NYSE: TGB) reported Q2 EPS of $0.01, in-line with the analyst estimate of $0.01.

Russell Hallbauer, President & CEO commented, "Following six months of lower head grade at Gibraltar, mining operations returned to plan and copper grades increased by approximately 50% in the second quarter, as compared to the previous two quarters. This resulted in copper production of 34 million pounds in the second quarter, much higher than the previous two quarters. Improved metal production was due to the higher copper grade ore and improved copper recovery. Copper recovery improvement was a result of... More