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Taseko Mines Extends Copper Price Protection Strategy

From crweworld.com

Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company") announces that it has recently extended its copper price protection strategy by purchasing put options covering 41 million pounds of copper at a strike price of US$3.75 per pound for the second half of this year. The price protection now in place for the next nine months should secure a minimum operating margin of approximately C$165 million* for 2021. Stuart McDonald, President of Taseko, commented, "With the uncertainty in the world today around the impacts of Covid-19, and ongoing volatility in metal markets caused by a ... (full story)

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