Taseko Mines has initiated production at its Florence Copper project, aiming for an output of 30 to 35 million pounds annually. Despite this development, shares fell following the company's earnings report, which did not meet market expectations.
The announcement led to a decline in Taseko's stock price, reflecting investor concerns over the company's financial performance despite the new production capabilities.
This development underscores the volatility in the mining sector, where operational advancements do not always align with investor sentiment, especially in the face of disappointing earnings.