Shares of Taseko Mines (TGB) soared 5.58% in Thursday's pre-market trading session, following the company's better-than-expected fourth-quarter earnings report.
The Vancouver-based mining company reported a loss of $15.2 million, or $0.05 per share, for the fourth quarter. However, when adjusted for non-recurring costs, earnings came in at $0.02 per share, beating analysts' estimates.
Revenue for the quarter was $119.9 million, reflecting strong demand for the company's metals products. For the full year 2024, Taseko Mines reported a loss of $9.6 million, or $0.04 per share, on revenue of $434.6 million.
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