Taseko Provides Construction Update on Florence Copper Project

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Overig advies 15/01/2025 05:58
January 14, 2025, Vancouver, BC – Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) ("Taseko" or the "Company") is pleased to update the progress at its 100%-owned Florence Copper project in Florence, Arizona.

As of December 31, 2024, the overall project completion was at 56% and first copper production continues to be targeted before the end of 2025. Construction activities are advancing on schedule and nearly 450,000 project hours have been worked with no reportable injuries or environmental incidents. Currently, there are approximately 290 construction and support personnel on site.

Summary of key activities in the fourth quarter:

Process ponds and surface water runoff pond construction completed
Solvent extraction settler and launder modules placed and welding of the modules was commenced
17 production wells were fully constructed in the quarter, for a total of 51 wells out of 90 to be drilled during the construction phase
Development of the main pipe corridor (from wellfield to process plant) is mostly completed and installation of high density polyethylene piping in the corridor is ongoing
Field erected process and service tank construction commenced
Mechanical and piping installations are underway throughout the SX/EW plant
Erection of structural steel for the solvent extraction pipe rack is nearing completion and piping installation is underway
Electrical work commenced
Water treatment building was erected, and preparations made to start the electrowinning building erection
Stuart McDonald, President & CEO of Taseko, commented, “We are very pleased with the progress that has been made in the first 12 months of construction. The project remains on schedule, and construction costs remain in line with our previous guidance. We are now less than a year from anticipated first copper production and, in addition to construction activities, our site management team is focussed on operational readiness, key vendor agreements and recruiting.”

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https://www.tasekomines.com/investors/news/taseko-provides-construction-update-on-florence-copper-project/



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