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BRIEF-Taseko Q3 Adjusted Earnings Per Share C$0.01

Published 2018-10-31, 05:46 p/m
BRIEF-Taseko Q3 Adjusted Earnings Per Share C$0.01
TGB
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Oct 31 (Reuters) - Taseko Mines Ltd TKO.TO :

* TASEKO ANNOUNCES 43 MILLION POUNDS OF COPPER PRODUCTION AND FINANCIAL RESULTS FOR THE THIRD QUARTER

* Q3 ADJUSTED EARNINGS PER SHARE C$0.01

* Q3 EARNINGS PER SHARE C$0.03

* Q3 EARNINGS PER SHARE VIEW C$0.01 -- THOMSON REUTERS I/B/E/S

* Q4 PRODUCTION IS EXPECTED TO BE AT A MORE NORMALIZED LEVEL, WITH ESTIMATED TOTAL COPPER PRODUCTION OF 130 MILLION POUNDS FOR 2018

* SALES OF 29 MILLION POUNDS IN QUARTER WERE BELOW PRODUCTION DUE TO EXTREMELY POOR RAIL SERVICE

* COPPER PRODUCTION IN Q3 WAS 43.0 MILLION POUNDS WHICH REPRESENTS A 28% INCREASE OVER PREVIOUS QUARTER

* TASEKO MINES - LOWER SALES AFFECTED QUARTERLY REVENUE BY ABOUT $40 MILLION AND CASH FLOW BY ABOUT $30 MILLION

* QTRLY REVENUE C$74.3 MILLION VERSUS C$78.5 MILLION

* SEES Q4 SALES VOLUMES APPROXIMATELY 45 MILLION POUNDS OF COPPER

* TASEKO MINES -EXPECT IN Q4, RAILWAY TO BE ABLE TO MOVE MOST OF EXCESS COPPER CONCENTRATE INVENTORY, IN ADDITION TO Q4 PRODUCTION, TO PORT FOR SHIPPING

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