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Taseko may raise more for Florence

Taseko Mines may seek to raise an additional US$25-50 million as it awaits the final permit to build its Florence in-situ recovery copper project in Arizona, USA to counter reduced cash flow from the recent dip in the copper price.

Taseko Mines Florence in Arizona, USA

Taseko Mines Florence in Arizona, USA

The 2017 Florence economic study gave a $200 million initial capital cost which the company aims to finance through cash flow and debt. The company ended the June quarter with $176 million in cash including...

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