Taseco Mines' non-GAAP EPS is $0.10 CAD, sales are 0.1 billion 37.73 million CAD

Taseko Mines Press Release (NYSE: TGB): 2nd Quarter Non-GAAP EPS $0.10 CAD.

Sales 0.1 billion 37.73 million Canadian dollars (up 23.1% from the same period last year).

Adjusted EBITDA is 71 million Canadian dollars.

Operating cash flow for the second quarter was $34.7 million, and net loss was $11 million (loss of $0.04 per share).

Gibraltar produced 20.2 million pounds of copper during the quarter. The average grade was 0.23%, and the copper recovery rate was 78%.

Gibraltar sold 22.6 million pounds of copper during the quarter at an average realized copper price of 4.49 US dollars/pound.

Total operating costs for the quarter were US$2.99 per pound of production.

Gibraltar's projected full-year copper production is expected to be in the range of 0.1 billion 10 million to 0.1 billion 15 million pounds compared to the initial guidance of approximately 0.1 billion 15 million pounds.