| | |
Taseko Mines Limited (TSX: TKO, AMEX: TGB) is a mining exploration, development and production company. Its main assets are the Gibraltar copper-molybdenum mine, the Prosperity gold-copper project and the Harmony gold prospect.
Taseko's Gibraltar copper-molybdenum mine, located in south-central British Columbia, is a 36,700-ton per day operation with an annual life of mine average production of 70 million pounds of copper and 1.1 million pounds of molybdenum. The mine is undergoing a major expansion and modernization which will increase annual copper production capacity to 100 Million pounds by 2008. The mine life at the increased capacity is 16 years and there are additional resources that could extend the mine life well over 20 years.
Taseko's Prosperity project hosts a large porphyry gold-copper project. Prior to 2001, the Company had carried out extensive exploration, engineering, mine planning, environmental and socio-economic studies on Prosperity, which hosts a large porphyry copper-gold deposit amenable to large scale open pit mining. With excellent metal prices currently and in the forecast, Taseko has re-initiated work on the project.
Taseko also owns the Harmony exploration property, a gold project located on the west coast of BC, which provides a longer-term opportunity for additional development.
| | |
