Taseko Mines
A strengthening copper price and aggressive efforts to control costs have helped Canadian miner Taseko Mines grow its operating margins on a month-by-month basis since the beginning of this year. The company also increased its earnings to $11.4 million in the second quarter, compared with $3.5 million in the first, as its Gibraltar mine saw huge copper production increases in the second quarter.
And Taseko's copper reserves aren't the only thing that has investors excited lately. Many also see an opportunity with the gold it's sitting on in its Prosperity project, a gem that might make the company a tasty acquisition . The company also recently put some cash to work and purchased $17.5 million of its convertible bonds from bondholders to eliminate some potential dilution of shares that it anticipated would take place. Taken together, the positive momentum has won over many fans, including 98% of the 1,331 CAPS members who rate it. They see Taseko Mines to outperforming the market
$2.4 (08/17/09)
