Taseko (TKO.TO) announced 2012 fourth quarter total sales of
23.4 million pounds of copper and 215,000 pounds of molybdenum at
its 75% owned Gibraltar Mine. For the full year of 2012, sales were
88.0 million pounds of copper and 1.3 million pounds of
Total production for the quarter was 21.4 million pounds of
copper and 223,000 pounds of molybdenum. For 2012, total production
was 89.8 million pounds of copper and 1.3 million pounds of
Taseko's 75% share of fourth quarter sales was 17.6 million
pounds of copper and 161,000 pounds of molybdenum which compares to
16.1 million and 209,000 pounds in the third quarter.
Mill throughput of 8.5 million tons in the second half of 2012
was mainly affected by downtime associated with GDP3 construction
activities and tie-ins. This resulted in average mill availability
of 88% for the period, compared to a normalized level of 93%.
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