Gibraltar

Gibraltar Project Map

Gibraltar, the cornerstone of Taseko's growth strategy.

Taseko's is the owner (75%) and operator of the Gibraltar copper-molybdenum mine, located in south-central British Columbia, the second largest open pit copper mine in Canada and the largest employer in the Cariboo region.

Taseko restarted Gibraltar in 2004. From 2006 until 2012, the Company invested ~$700 million to expand and modernize the operation which was originally scheduled for demolition when the Company acquired it in 1999.

Highlights

  • Located in a mining-friendly and low-risk jurisdiction
  • The second largest open pit copper mine in Canada and fourth largest in North America
  • Life of Mine average production of 138 million lbs of copper and 2.6 million lbs of molybdenum (100% basis)
  • Large Reserve of 3.3 billion lbs of recoverable copper and 62 million lbs of molybdenum
  • 24 year mine life
  • Replacement value in excess of $1 billion
.