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VANCOUVER - Taseko Mines (NYSE:TGB) Limited (TSX:TKO; NYSE American:TGB; LSE:TKO) reported Tuesday that construction of its Florence Copper project in Arizona has surpassed 90% completion and remains on schedule to produce its first copper cathode before year-end.
The company stated that over 900,000 project hours have been logged without reportable injuries or environmental incidents. The workforce at the site has decreased to approximately 330 construction and support personnel from peak levels in the first quarter.
According to the press release, all injection and recovery wells planned for the construction phase have been completed, and the local utility recently energized the site’s 69kV electrical substation. Drilling is expected to resume after plant commissioning to expand the wellfield to reach the facility’s full annual production capacity of 85 million pounds.
"Operational readiness remains a key focus for site management," said Stuart McDonald, President and CEO of Taseko. "Hiring full-time staff, training, and developing operational workflows are all ongoing to ensure our team is well-positioned for commercial operations in just a few months."
The company is developing a detailed operating plan for the 2026 production ramp-up, which will be finalized after wellfield acidification begins this fall.
McDonald noted that Florence Copper will become a significant domestic copper supplier in the United States, where recent discussions about potential 50% tariffs on copper imports have driven prices to record levels.
The Arizona facility represents Taseko’s expansion beyond its existing Gibraltar mine operations. The company is transitioning the project from construction to commissioning as it prepares for commercial production.
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