Taseko Mines (TSE:TKO) has released an update.
Taseko Mines Limited has reported a robust first quarter in 2024, with an Adjusted EBITDA of $50 million, a 38% increase over the previous year, and net income of $19 million. The company has completed the acquisition of the remaining 12.5% of the Gibraltar Mine, achieving 100% ownership, which is expected to contribute to immediate cash flow and production growth. Additionally, Taseko has strengthened its financial position by successfully refinancing its senior secured notes, extending the maturity to 2030, and securing additional cash proceeds.
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