For the full year, Gibraltar produced 123 million lb of copper, well above guidance and 26% higher than the previous year.
Copper production in the fourth quarter was supported by strong copper grades of 0.27% with ore from the lower benches of the Gibraltar pit. Mill throughput in the quarter averaged 83 000 t per day and was impacted by additional downtime for maintenance and monitoring of the ball mill in concentrator #2.
Copper sales volumes in the fourth quarter were 36 million lb, and year-end concentrate inventories remained above normal levels.
Stuart McDonald, President and CEO of Taseko, commented: “The strong finish to 2023 is expected to continue in 2024 as the Gibraltar pit will remain the main source of ore for the first half of this year.”
