Well, I said I would be back to you soon with another sell alert if Taseko Mines reached a 100% gain.
We are there.
Taseko is now up 103%, so I want us to lock in profits on half that position. Doing so means we will recoup all of our original investment, and we will let the other half continue to work for us as Taseko continues growing its copper-mining business.
Recommendation: Sell ½ of your position in Taseko Mines (symbol: TGB) at $2.98 or higher.
We originally bought into Taseko in May of 2023 at $1.47. So we’re up more than 100% in two years—not too shabby.
Taseko’s strong performance stems from its progress on the Florence Copper project, a low-cost copper mine in Arizona that has received a final US Environmental Protection Agency permit. Construction is about 80% complete, with first production expected in Q4 2025. The Florence project will significantly boost Taseko’s copper production and reduce costs, with anticipated output doubling the company’s capacity.
Progress on that mine has bolstered investor confidence, as evidenced by a 15% stock surge following permit announcements.
We’re going to hold the remaining half of shares to benefit as the Florence mine comes online, and as Taseko’s copper production escalates. And just as a reminder: The world’s push toward alternative energy is a hugely copper-intensive effort, so Taseko is in a market with tailwinds that are going to propel copper demand for years and years to come.
With this sale, we’ve now locked in two triple-digit gains in one week. We sold half of our position in Orla Mining earlier this week, pocketing a gain of more than 175%.
