DALLAS – BeaconEquity.com announces the publication of ‘Taseko Mines Limited (TGB) Posted Net Earnings of $16.3 Million for Q4 2007’
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Taseko Mines Limited (TGB) Posted Net Earnings of $16.3 Million for Q4 2007
The United States, with a land area of over 9.6 million square kilometers, produces a wide variety of commodities from gold to coal, and uses 25% of the world's energy reserves. It exports over $26 billion worth of minerals and materials produced from minerals each year and considered as the world's second largest producer of copper and gold. Taseko Mines Limited (TGB) is a mining exploration, development and production company. Its main assets are the Gibraltar copper-molybdenum mine, the Prosperity gold-copper project and the Harmony gold prospect.
The mining industry is driven by increased prices that can be attributed to the decline of the U.S. dollars and continued strong demand for precious metals, in particular for gold jewelry. With this market opportunity, metal producing companies are expected to increase production to take advantage of the higher metal prices. Taseko's Prosperity project hosts a large porphyry gold-copper project. Prior to 2001, the Company had carried out extensive exploration, engineering, mine planning, environmental and socio-economic studies on Prosperity, which hosts a large porphyry copper-gold deposit amenable to large scale open pit mining. With excellent metal prices currently and in the forecast, Taseko has re-initiated work on the project.
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