Fitch Upgrades Taseko Mines Outlook to Positive

Fitch Ratings upgrades Taseko Mines Limiteds outlook to positive, citing the Florence Copper projects potential to reduce debt and lower costs. Despite this, the companys smaller size, single operation focus, and higher operating costs keep its long-term credit rating at B-minus. Fitch anticipates Tasekos debt-to-earnings ratio to remain between 3.5 and 4.0 times through 2026, improving as copper prices stay strong and operations normalize.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.