Stuart McDonald, president and CEO of Taseko, said, “The strong finish to 2023 is expected to continue in 2024 as the Gibraltar pit will remain the main source of ore for the first half of this year.”
Taseko holds an 87.5% interest in the Gibraltar mine and Cariboo Copper holds the balance. Taseko paid C$60 million a year ago to buy out Sojitz Corp.’s 50% interest in Cariboo.
Last November, Taseko secured a $100 million financing for its other key project, the Florence development in Arizona. The in-situ copper recovery project and solvent extraction/electrowinning plant should reach commercial production in less than two years.
