Taseko posts FY loss, expects higher copper pricing in 2019

Canadian miner Taseko is expecting increased copper prices in 2019 and a rebound in gross revenues and margins, after the fluctuations of the copper price last year resulted in a “challenging” operating environment.

The company reported weaker production at its Gibraltar mine, in British Columbia, with copper output falling from 141.2-million pounds in 2017, to 125.2-million pounds in 2018, and molybdenum production decreasing from 2.64-million pounds to 2.37-million pounds.