Taseko output rises somewhat while molybdenum prices gain traction

British Columbia-based base metals producer Taseko Mines has produced 41.3-million pounds of copper and 900 000 lb of molybdenum during the first quarter ended March, which was marginally higher than the fourth quarter, but benefitted from continued relative copper price strength and a molybdenum price rally. Management stated in a press release that the production results represented a continuation of the strong operating performance in the fourth quarter, in which its flagship and only producing asset Gibraltar produced 40.7-million pounds of copper and 800 000 lb of molybdenum.