The price of copper has risen to about $2.50/lb—the highest it’s been since mid-March—and according to Taseko Mines, that bodes well for the company, which ramped up its production in the first five months of 2020.
The company has produced 25,855mt at its Gibraltar Copper Mine in the last five months. According to Russell Hallbauer, Taseko’s chief executive officer and director, the company’s 2020 guidance remains at 58,967mt.
Meanwhile, at Taseko’s Florrence Copper Project, the SX/Ew plant is producing about 453.5mt of copper cathode per annum, primarily from the center of the recovery well. Hallbauer noted that the company’s supply chain has remained intact, putting it in a strong position going forward.