The following is a summary of the Taseko Mines Limited (TGB) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Copper production reduced to 105-110 million pounds due to a labor strike, from an initial forecast of 115 million pounds.

• Molybdenum production exceeded expectations, reaching over 400,000 pounds in Q3, the highest since 2021.

• Adjusted EBITDA was $48 million and earnings from mining operations hit $55 million in the quarter.

• Realized copper price remained strong at $4.23 per pound contributing to solid financial performance.

Business Progress:

• Successful ramp-up to full capacity of the concentrator at Gibraltar after maintenance and a labor strike.

• Expansion in mining operations at the new Connector pit with higher molybdenum grade contributing to increased production.

• Initiatives underway at Florence, including the nearing completion of initial phases of the SX/EW plant and progress on drilling wells for the well field.

• Plans to update the Yellowhead project description and initiate environmental assessment processes.

Opportunities:

• Expected continued high molybdenum production, which will improve cost structure given the current high market prices.

• Forecasted increase in copper production for 2025, with higher grades and throughput at Gibraltar and the restart of the SX/EW plant.

Risks:

• Production schedule weighted towards the second half of the year due to lower grade stockpiled ore.

• Increased spending anticipated on the Yellowhead project and other growth initiatives at Gibraltar, influencing short-term cash flows.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.