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Taseko Announces Improved Economics at its Florence Copper Project in Arizona
Taseko Announces Improved Economics at its Florence Copper Project in Arizona Cana...
About this update from Taseko Mines Limited
[{"type":"text","content":"\n\n\n\nTaseko Announces Improved Economics at its Florence Copper Project in Arizona\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prngen3{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prntbls{\nBORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Jan. 16, 2017\n\n\n\nVANCOUVER, Jan. 16, 2017 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) (\"Taseko\" or the \"Company\") is pleased to announce that recently completed technical work on the Florence Copper Project has resulted in a significant improvement in project economics.\n\nRussell Hallbauer, President and CEO of Taseko, stated, \"In addition to the permitting milestones achieved over the past months, we are very pleased with the outcome of the latest engineering work which has increased the net present value (NPV) of the project to US$920 million. Contributing to the higher NPV is an 11% increase in average annual copper production, combined with slightly lower operating costs and pre-production capital. With annual copper production of 81 million pounds and pre-production capital of US$200 million, Florence Copper is one of the least capital intensive copper projects in the world.\"\n\nProject Highlights:\n\n\nPre-tax net present value of US$920 million at a 7.5% discount rate \nPre-tax internal rate of return of 44% with a 2.3 year payback \nOperating costs of US$1.10 per pound LME grade cathode copper \nTotal life of mine production in excess of 1.7 billion pounds of copper \nAverage annual production of 81 million pounds of copper for the life of mine \n21 year mine l...