William Luque/iStock via Getty Images We frame the article with what I consider the most recent milestone for Taseko Mines ( TGB ), with its new asset in Arizona, where the first pounds of copper cathode were poured. Until that point, the company had been a single-asset producer in Canada, and now it moves to having two operating mines in Tier-1 jurisdictions, a production cost expected to be $1.8...
William Luque/iStock via Getty Images We frame the article with what I consider the most recent milestone for Taseko Mines ( TGB ), with its new asset in Arizona, where the first pounds of copper cathode were poured. Until that point, the company had been a single-asset producer in Canada, and now it moves to having two operating mines in Tier-1 jurisdictions, a production cost expected to be $1.80/lb when Florence is at full capacity, and a development pipeline of almost 10B additional pounds of copper between Yellowhead and New Prosperity. Asset Status 2026E Production 2027E Production Average C1 Cost Gibraltar (BC) Productive 110M-115M lbs Cu 115M-125M lbs Cu $2.30/lb Florence (Arizona) Ramp-up 30M-35M lbs Cu 80M-85M lbs Cu $1.11/lb Yellowhead (BC) In Environmental Assessment (FID estimated 28-29) - $1.90/lb (technical report) New Prosperity (BC) Encumbered post-Teẑtan Biny Agreement (2025) - - - Aley niobium (BC) Scoping study - - - Total operating 140M-150M lbs Cu 195M-210M lbs Cu $1.80/lb blended FY27 Click to enlarge TGB mainly extracts copper through its five assets spread across British Columbia and Arizona. Of this portfolio, the flagship is Gibraltar, a conventional mine with 23 years of useful life ahead, which became 100% owned by the company in 2024 after the consolidation of Cariboo Copper Corp. This asset is accompanied by the aforementioned Florence Copper, which is currently in ramp-up phase with a C1 cash cost, that is, the direct extraction cost, of $1.11/lb, one of the best cost figures globally. With this idea clear, this is when we can introduce the news from March 2, where Hudbay ( HBM ) announced the acquisition of Arizona Sonoran ( ASCUF ) for $1.48B, with a 30% premium over the previous public share price. ASCUF operates the Cactus project in Arizona, a project that technically is practically similar to Florence , since this type of mine dissolves the rock with an acidic solution and then collects everything in liquid form to later convert...
Nvidia (NVDA) stock closed at $212.6 on May 27, down 9.81% from its highest closing price of $235.74 on May 14. The dip comes as a result of a common pattern of volatility for the stock near its earnings report. Nvidia reported its first quarter (Q1) fiscal year 2027 earnings on May 20. Nvidia did ...
Nvidia (NVDA) stock closed at $212.6 on May 27, down 9.81% from its highest closing price of $235.74 on May 14. The dip comes as a result of a common pattern of volatility for the stock near its earnings report. Nvidia reported its first quarter (Q1) fiscal year 2027 earnings on May 20. Nvidia did ...
Key Points If you are like most investors, you have a bevy of investment accounts. A taxable account, a traditional tax-deferred account, and a Roth tax-advantaged account are all likely to be in the mix. There's a big risk if you don't withdraw money from these accounts in the right order. The $23,760 Social Security bonus most retirees completely overlook › Most savers end up with multiple retir...
Key Points If you are like most investors, you have a bevy of investment accounts. A taxable account, a traditional tax-deferred account, and a Roth tax-advantaged account are all likely to be in the mix. There's a big risk if you don't withdraw money from these accounts in the right order. The $23,760 Social Security bonus most retirees completely overlook › Most savers end up with multiple retirement accounts. There's really no way around it, but it makes life a lot more complicated when you retire. Make the wrong withdrawal decisions, and you could be left with higher taxes and even reduced benefits. Here's what the average retiree gets wrong about withdrawal order. What retirement accounts do you have? There are basically three types of accounts that investors end up with. The first is a taxable account, which is just a regular old brokerage or mutual fund account. You pay taxes as you go with regard to capital gains, dividends, and interest you may earn. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The next accounts you likely have are both tax-advantaged and fall into two basic buckets. You may own a traditional IRA and/or a traditional 401(k). These are tax-deferred accounts, in which the money is deposited before taxes are paid. The upfront benefit is that you reduce your taxable income in the year you make a contribution. While the money is in the account, it grows tax-free. However, when you withdraw money from one of these accounts in retirement, all of the withdrawal is taxed as income. The final bucket of accounts is in the Roth category. You may have a Roth IRA, a Roth 401(k), or both. You pay taxes on the money before it is invested in one of these accounts. The money grows tax-free while it is in the account. However, because you paid taxes on the way in, your withdrawals are ta...
New Zealand business sentiment recovered slightly in May, but remains near three-year lows as surging fuel prices slow economic growth, damping customer demand and eroding profits. The business confidence index rose to 10 from minus 10.6 in April, ANZ Bank New Zealand said Friday in Wellington. A gauge of firms’ own-trading improved to 25.6 from 19.6. Confidence levels remain low as the global fue...
New Zealand business sentiment recovered slightly in May, but remains near three-year lows as surging fuel prices slow economic growth, damping customer demand and eroding profits. The business confidence index rose to 10 from minus 10.6 in April, ANZ Bank New Zealand said Friday in Wellington. A gauge of firms’ own-trading improved to 25.6 from 19.6. Confidence levels remain low as the global fuel-price shock hits consumer spending and drives up costs that many firms are struggling to recover. This adds to signs economic growth has slowed sharply, with a number of local economists forecasting a second-quarter contraction. “These are very uncertain times for businesses,” said Sharon Zollner , chief New Zealand economist at ANZ in Auckland. “Some of the initial shock appears to have worn off, but activity indicators remain considerably lower than before the Middle East conflict broke out. Pressure on costs and profitability are clear.” The survey shows expected inflation in one year’s time is 3.63% while 56.7% of firms expect to raise prices in coming months. Just 2% see profits improving. Zollner said firms’ hiring intentions have declined as they face a “profitability shock” and this is also reflected in the expected increase in wages over the next year dropping to just 2.48%. “Costs are increasing but firms have a limited ability to recoup that through higher prices, with customers so price sensitive,” she said. “The wage bill is one area where firms have some ability to limit cost increases, particularly in a soft labor market.” The prospect of rising unemployment and softer wage increases will curb household incomes, adding to signs of cautious spending particularly as rising fuel costs crowd out non-essential purchases. Earlier Friday, ANZ reported that consumer confidence edged higher in May after dropping to a three year low in April, but is well down on levels before the Iran war erupted. The gauge rose to 86.5 from 80.3 in April, with a net 36% expecting th...