Wildfires suspend Gibraltar mining operations

The Gibraltar open pit copper-molybdenum-silver mine in the Cariboo region of British Columbia. Source: Taseko Mines Ltd.

Taseko Mines Ltd. [TKO-TSX; TGB-NYSE MKT] is updating the operating status of the 75%-owned Gibraltar open pit copper-molybdenum-silver mine located 65 km north of Williams Lake, central British Columbia. Taseko is the operator.

Due to uncontrolled wildfires in the Cariboo, an evacuation order has been issued for the town of Williams Lake (pop. 11,000) and a number of other smaller communities in the region. This has impacted Taseko’s employees’ ability to travel to the mine and Gibraltar has now been temporarily idled. It is unclear when milling and mining operations will recommence.

There are no fires in the immediate area of Gibraltar which pose any threat to the mine.

Russell Hallbauer, President and CEO, said that this is an evolving situation which management is actively managing to ensure Gibraltar is restarted as soon as possible.

The Gibraltar Mine has a life-of-mine average annual production of 140 million lbs of copper and 2.6 million lbs of molybdenum (on a 100% basis). The property hosts a large reserve of 3.1 billion lbs of recoverable copper and 55 million lbs of molybdenum.

Filed in: Industry, Resources

You might like:

Almadex Pulls Best Hole to Date at the Norte Zone, Mexico, With 534.90 Meters of 0.90 g/t Gold and 0.30% Copper Almadex Pulls Best Hole to Date at the Norte Zone, Mexico, With 534.90 Meters of 0.90 g/t Gold and 0.30% Copper
Camino expands surface oxide copper mineralization at adriana zone Camino expands surface oxide copper mineralization at adriana zone
Foundational policies can lead to bright future for Canadian mining Foundational policies can lead to bright future for Canadian mining
McEwen Mining acquiring Primero’s Black Fox gold mine McEwen Mining acquiring Primero’s Black Fox gold mine

Leave a Reply

Submit Comment

Solve Puzzle to Post Comment * Time limit is exhausted. Please reload CAPTCHA.

© 2017 Resource World Magazine . All rights reserved. XHTML / CSS Valid. For advertising and subscription information, call +1-877-484-3800 or email support(at)resourceworld.com