Company DescriptionTaseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona. The company was incorporated in 1966 and is headquartered in Vancouver, Canada.
How the Company Makes MoneyTaseko Mines makes money primarily through the extraction, production, and sale of copper and molybdenum concentrates from its mining operations. The company's key revenue stream is the Gibraltar Mine, which is one of the largest open-pit copper mines in North America. Revenue is generated by processing extracted ore to produce copper and molybdenum concentrates, which are then sold to various smelters and refineries around the world. In addition to copper and molybdenum, Taseko may also derive revenue from by-products such as gold and silver contained in the ore. The company's earnings are influenced by factors such as global commodity prices, production volumes, and operational efficiencies. Strategic partnerships with other mining companies and stakeholders, along with investment in technology and innovation, also contribute to Taseko Mines' revenue generation.