Monday, July 30, 2018

Taseko Mines Limited - TKO.t

Taseko Mines Limited - TKO.t is the owner (75%) and operator of the Gibraltar Mine, the second largest open pit copper-molybdenum mine in Canada.

On July 5, 2018 the company reported News

Taseko Mines Limited (TSX: TKO; NYSE American: TGB) announces that it has purchased copper put options with a US$2.80 strike price for five million pounds per month through December 2018.

“Our strategy has been consistent since 2009; acquire out of the money put options on an opportunistic basis to protect a minimum copper price for a portion of the Company’s production during short-term periods of copper price weakness,” commented Russell Hallbauer, President and CEO of Taseko.