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Taseko Mines Ltd - Vancouver-based copper producer - Molybdenum output at the Gibraltar mine in Canada declines 20% in the second quarter of 2024 to 185,000 pounds from 230,000 pounds a year prior. Copper production falls 29% to 20 million pounds from 28 million pounds. ‘Metal production in the second quarter was impacted by mill downtime for the relocation of the in-pit crusher and concurrent maintenance activities in concentrator #1, as well as a strike by the mine’s unionized workforce in June,’ Taseko says. Chief Executive Officer Stuart McDonald expects production in the second half of 2024 to be stronger as major project and maintenance work has been completed. He expects copper production of 110 million to 115 million pounds, a slight downgrade from a previous guidance of 115 million pounds, and at least 6.5% lower than 123 million pounds produced in 2023. Current stock price: 191.00 pence 12-month change: up 74% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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