- Taseko Mines (NYSEMKT:TGB) says that to-date there have been no known cases of COVID-19 at any of Taseko's operations or offices in Canada and the US.
- The Gibraltar Mine has operated at planned rates in Q1 and copper production is expected to be ~32M pounds (100% basis); there has been no interruptions to its logistics and supply chains, and sales are expected to be in line with production for the quarter.
- Stuart McDonald, President of Taseko, added, "From a liquidity perspective, we started the year with a healthy cash balance. We have eliminated capital spending and are deferring major equipment rebuilds. All non-essential project spending has been cut."
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