Taseko Mines (TSX: TKO) announced on Tuesday that its Gibraltar mine produced 34.5 million lb of copper plus 600,000 lb of molybdenum in the third quarter of 2021, representing increases of 29% and 50%, respectively, over Q2 2021. Taseko is the 75% owner and operator of the open-pit copper-molybdenum mine, and production volumes are reported on a 100% basis. The Gibraltar mine, located in south-central British Columbia, is the second-largest open pit copper mine in Canada and the fourth-largest in North America, with a life of mine average annual production of 135 million lb copper.
Taseko is currently mobilizing a drill crew at Gibraltar to continue the site-wide exploration program that started in spring 2021. Quantec’s deep-penetrating TITAN 160 geophysics survey has identified a number of anomalies outside Gibraltar’s current resources, and the drill program is designed to test those areas with the eventual goal of increasing the company’s resource base.