Taseko Reports $32 Million of Adjusted EBITDA in the Third Quarter 2020
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Taseko Mines (TGB) Reports Q3 Loss of Cdn$0.02 on Revenues of $87.78M
October 26, 2020 5:07 PM EDTTaseko Mines (NYSE: TGB) reported Q3 EPS of (Cdn$0.02), versus (Cdn$0.08) reported last year. Revenue for the quarter came in at Cdn$87.78 million, versus Cdn$82.44 million reported last year.
Third Quarter Review
Earnings from mining operations before depletion and amortization* was $35.7 million, and Adjusted EBITDA* was $31.5 million;Cash flow from operations was $31.0 million and the Company had an ending cash balance at September 30, 2020 of $72.7 million;The Gibraltar Mine produced 28.9 million pounds of copper in the third quarter. Copper recoveries were 85.0% and copper head grades were 0.23%;In March,... More