Taseko Increases Copper Hedging at Gibraltar

Taseko (TSX:TKO, NYSE:TGB) announced that it has increased its copper put option position at its 75% owned Gibraltar Mine.

As quoted in the press release:

 Put options were purchased for approximately 40% of Taseko’s share of production for the first quarter 2014 with a strike price of US$3.00 per pound, at a cost of less thanUS$0.14 per pound.

To view the whole press release, click here.