Taseko Mines Ltd. (TSX:TKO,AMEX:TGB) announced that molybdenum production at its Gibraltar mine during the second quarter of 2012 amounted to 379,000 pounds. The company sold 361,000 pounds of molybdenum during the same period.
With molybdenum prices not set to exceed $20/lb until 2020, market movement has remained minimal over the last month.
Taseko Mines Ltd. (TSX:TKO,AMEX:TGB) announced that molybdenum production at its 75% owned Gibraltar Mine reached 438,000 pounds during the first quarter of 2012.
Molybdenum exploration in Canada is heating up along with demand for the metal. Miners are looking to take advantage of China's appetite for steel, for which moly is a vital ingredient. This article is a guide to some of the promising molybdenum projects underway in Canada.
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