BRITISH COLUMBIA – Taseko Mines of Vancouver says that Q2 2013 copper production from its Gibraltar mine was 28.1 million lb, a 21% jump over the preceding quarter. Molybdenum production was 333,000 lb during the most recent quarter.
The mine and two concentrators 65 km north of Williams Lake are owned 75% by Taseko and 25% by Cariboo Copper Corp. Taseko noted that the new concentrator is still being fined tuned and ramped up to target capacity. The overall availability of the old and new mills was 83% for the quarter, 11% lower than the 93.5% target. Average copper recovery from both concentrators were 86%, but the target is to boost recovery to 89% by the fourth quarter.
Taseko president and CEO Russell Hallbauer commented, "We continue to be very pleased with the ongoing ramp up of our new concentrator and have been addressing our copper recovery issues as we incorporate both plants into a single production unit. We expect to see continued increases in monthly copper and molybdenum production as we achieve full milling capacity in the months ahead."
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