Taseko acquired Gibraltar in 1999 and restarted operations in 2004. It now considers the mine to be its foundational asset. Analysts have stated Gibraltar will be able to support copper and molybdenum production until at least 2044.
On Thursday, the company released its 2024 production numbers for Gibraltar. Company officials stated copper and molybdenum production for the year was 106 million lb. and 1.4 million lb., respectively, while sales volumes for the year were 108 million lb. of copper and 1.4 million lb. of molybdenum.
Stuart McDonald, CEO of Taseko, commented, “Since completion of the planned major maintenance activities in July, milling operations at Gibraltar have been running smoothly. Mill throughput averaged over 89,000 tons per day in the fourth quarter, 5% over design capacity, resulting in copper production of 29 million lb. for the period.”
In late December, Taseko closed a transaction…
