Taseko capitalises on rising copper prices, builds on 2016 success

Building on its successes from 2016 and using the first half of 2017 to capitalise on rising copper prices, TSX- and NYSE-listed Taseko Mines has, over the past nine months, generated $192-million of cash flow from operations as well as $147-million in earnings from its mining operations, before depletion and amortisation. "With the copper price recently increasing to two-year highs, combined with nearly $100-million of cash on hand, plus our long-term debt reduced and termed out five years, we are in a very good position to continue investing in and advancing our pipeline of projects," said Taseko president and CEO Russell Hallbauer in a note to shareholders published Wednesday,