The Mexico-focused miner has benefitted from an ongoing silver rally and even more so than many of its peers, as it chose not to diversify into other metals.
The news comes two weeks after Taseko revealed it was considering restarting the molybdenum circuit at Gibraltar mine, which has been idled since the third quarter of 2015 due to low metal prices.
Iron ore’s resilience in recent months has defied many analysts’ forecasts, as Beijing’s stimulus plans, restocking by Chinese steel mills and historically low port stockpiles have supported prices.