Copper miner Taseko bets on options to hedge on sinking prices

Canadian copper producer Taseko has decided to take action to protect itself against the tumbling London Metal Exchange copper price.

Vancouver-listed Taseko placed put options for 22.5 million lbs of copper (10,206 tonnes) - equivalent to 75% of February, March and April production at its British Colombia-located Gibraltar mine - it said in a notice on Monday February 3.

Published

Archie Hunter

February 03, 2020

17:05 GMT

London