Taseko Mines Doesn't Expect Hit from US Trade Tariffs

Dow Jones

02-03

Taseko Mines-2.78%

By Adriano Marchese

Taseko Mines said Monday that it doesn't expect the U.S. tariffs to affect sales at its copper and molybdenum mine in British Columbia, whose products are destined for Asia.

The Canadian miner's concentrates are sold to international metal traders and delivered to Asian markets, and the company already has contracts in place for all of its copper production through the end of 2026.

Meanwhile, it said that its Florence copper project currently under development in Arizona isn't expected to be affected either, both in terms of development costs nor in operating costs.

The project is expected to produce first copper in the fourth quarter of this year.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 03, 2025 08:26 ET (13:26 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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