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Taseko Attributes Strong Financial Performance to Higher Production



March 19, 2011 – Comments (0) | RELATED TICKERS: TGB

Taseko Mines announced Thursday that it had achieved a 30% increase in copper production and a 50% increase in molybdenum production last year.

Russell Hallbauer, Taseko CEO, said, "Strong financial performance in 2010 was driven by improved copper production and the rising copper price environment. ...These improvements are the result of ongoing investments in mine and concentrate equipment."

The company reported it produced 92.3 million pounds of copper last year, up from 70.3 million pounds in 2009.  Taesko also mined 941,000 pounds of molybdenum production in 2010, up from 629,000 pounds in 2009.

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