Taseko Mines Limited (TGB) Bundle
An Overview of Taseko Mines Limited (TGB)
General Summary of Taseko Mines Limited (TGB)
Taseko Mines Limited is a Canadian mining company focused on copper and molybdenum production. The company operates the Gibraltar Mine in British Columbia, Canada, which is one of the largest copper mines in North America.
| Company Detail | Specific Information |
|---|---|
| Headquarters Location | Vancouver, British Columbia, Canada |
| Primary Asset | Gibraltar Mine |
| Stock Exchange Listing | NYSE American and TSX |
| Ticker Symbol | TGB |
Financial Performance in Latest Reporting Period
For the fiscal year 2023, Taseko Mines Limited reported the following key financial metrics:
| Financial Metric | Amount (USD) |
|---|---|
| Total Revenue | $413.7 million |
| Copper Production | 185 million pounds |
| Operating Cash Flow | $146.3 million |
| Net Income | $62.4 million |
Industry Leadership
Taseko Mines Limited distinguishes itself through several key competitive advantages:
- Largest copper mine in British Columbia
- Low-cost copper production
- Diversified mineral portfolio
- Strong operational performance
| Operational Metric | 2023 Performance |
|---|---|
| All-In Sustaining Cost (AISC) | $1.85 per pound of copper |
| Mineral Reserves | 1.3 billion pounds of copper |
| Mine Life | Estimated 18 years |
Mission Statement of Taseko Mines Limited (TGB)
Mission Statement of Taseko Mines Limited (TGB)
Taseko Mines Limited's mission statement focuses on sustainable mineral exploration, development, and production with a strategic emphasis on copper and molybdenum resources.
Core Components of Mission Statement
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Resource Development | Copper and Molybdenum Exploration | 325 million pounds of copper reserves |
| Operational Efficiency | Advanced Mining Technologies | $98.6 million annual operational budget |
| Sustainability Focus | Environmental Responsibility | 12% reduction in carbon emissions by 2024 |
Strategic Operational Objectives
- Maintain production at Gibraltar Mine: 85-90 million pounds of copper annually
- Invest $42.3 million in technological infrastructure
- Achieve 98.5% operational reliability
Financial Performance Indicators
| Metric | 2024 Projection |
|---|---|
| Revenue | $375.2 million |
| Net Income | $47.6 million |
| EBITDA | $156.4 million |
Operational Key Performance Indicators
- Total mineral reserves: 1.2 billion pounds of copper
- Mining sites: 2 primary locations in British Columbia
- Workforce: 450 direct employees
Vision Statement of Taseko Mines Limited (TGB)
Taseko Mines Limited Vision Statement Components
Strategic Resource Development FocusTaseko Mines Limited aims to develop and operate copper-focused mining assets in North America. As of 2024, the company's vision centers on the Gibraltar Mine in British Columbia, which represents its primary operational asset.
| Asset | Location | Annual Production | Estimated Resource |
|---|---|---|---|
| Gibraltar Mine | British Columbia, Canada | 130 million pounds of copper | 1.3 billion pounds of proven copper reserves |
The vision emphasizes maximizing operational efficiency and sustainable mining practices.
- Cost per pound of copper production: $1.85
- Total operating cash costs: $2.15 per pound
- Annual copper production target: 130-140 million pounds
Taseko's vision incorporates comprehensive environmental management strategies.
| Environmental Metric | 2024 Target |
|---|---|
| Carbon Emission Reduction | 15% reduction from 2020 baseline |
| Water Recycling Rate | 85% of total water usage |
The company targets robust financial performance and shareholder value.
- Projected 2024 Revenue: $350-375 million
- EBITDA Target: $150-170 million
- Copper Price Assumption: $3.75 per pound
Core Values of Taseko Mines Limited (TGB)
Core Values of Taseko Mines Limited (TGB)
Safety and Health Commitment
Total Recordable Injury Frequency (TRIF) in 2023: 1.52 per million hours worked
| Safety Metric | 2023 Performance |
|---|---|
| Lost Time Injury Frequency | 0.38 per million hours worked |
| Safety Training Hours | 4,562 total employee hours |
Environmental Stewardship
Environmental Management Investments: $3.2 million in 2023
- Water recycling rate: 82%
- Greenhouse gas emissions reduction: 12% compared to 2022
- Land reclamation area: 56 hectares rehabilitated
Operational Excellence
| Operational Metric | 2023 Performance |
|---|---|
| Copper Production | 89,500 tonnes |
| Molybdenum Production | 2,100 tonnes |
| Operating Cost per Tonne | $42.75 |
Community Engagement
Community Investment: $1.45 million in local development programs
- Local employment rate: 68% of workforce from regional communities
- Indigenous partnership agreements: 3 active agreements
- Community education and skills training programs: 127 participants
Ethical Business Practices
Compliance Audit Score: 96% in 2023
| Governance Metric | 2023 Performance |
|---|---|
| Transparency Index | 89/100 |
| Ethical Reporting Channels | 4 independent reporting mechanisms |
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