Taseko Mines Limited (USA) (TGB) Earnings: An Early Look

One reason Taseko investors have to hope for improvement is its New Prosperity project, which could be the key to the company’s future success. With indicated resources of 13.3 million ounces of gold and 5.3 billion pounds of copper, the company sees the project’s value as worth five times Taseko’s current market cap. Although the original Prosperity got rejected by Environment Canada, Taseko hopes that the revised project will address concerns and lead to a more favorable resolution.

Although figures in its quarterly report will be important, Taseko’s main news will be any progress it makes on New Prosperity. That project has far more potential to make a major move to the stock price than Gibraltar does at this point.

The article Taseko Earnings: An Early Look originally appeared on Fool.com and is written by Dan Caplinger.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool has no position in any of the stocks mentioned. Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.