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Taseko Reports $62 Million of Cash Flow from Operations in the Second Quarter 2017
Aug. 03, 2017 08:48AM PST
Base Metals Investing
Taseko Mines Limited (TSX: TKO; NYSE American: TGB) (“Taseko” or the “Company”) reports cash flow from operations of $62.3 million in the second quarter of 2017, earnings from mining operations before depletion and amortization* of $46.5 million and adjusted EBITDA* of $42.8 million. As quoted in the press release: Russell Hallbauer, President & CEO commented, “In the first half of …
Taseko Mines Limited (TSX: TKO; NYSE American: TGB) (“Taseko” or the “Company”) reports cash flow from operations of $62.3 million in the second quarter of 2017, earnings from mining operations before depletion and amortization* of $46.5 million and adjusted EBITDA* of $42.8 million.
As quoted in the press release:
Russell Hallbauer, President & CEO commented, “In the first half of 2017 we built on the successes realized in the fourth quarter of 2016, and capitalized on rising copper prices. Over the past nine months we have generated $192 million of cash flow from operations and $147 million in earnings from mining operations before depletion and amortization. Over the same period, site spending has been consistent and in the second quarter site operating costs, net of by-products was US$0.97 per pound with C1* costs of US$1.31 per pound.”
