Taseko Reports Strong Results
National Bank Financial Issues Positive Report
Copper Production Increases, Financial Performance Improves
Taseko Mines (NYSE: TGB) reported strong financial results for the second quarter of 2024. The company's revenue increased by 26% compared to the same period last year, driven by higher copper prices and increased production at the Gibraltar mine.
In a separate report, National Bank Financial analysts praised Taseko's performance and raised their target price for the stock. The analysts cited the company's strong cash flow, upcoming projects, and the positive outlook for the copper market. They predict that Taseko will continue to benefit from the rally in copper prices and will deliver strong earnings in the fourth quarter of 2024 and beyond.
Taseko Mines is a mining company focused on the operation and development of copper and gold mines in Canada and North America. The company's largest operation is the Gibraltar mine in British Columbia, which produced over 80 million pounds of copper in 2023.
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