An analysis by MNP forecasts that the Gibraltar copper-molybdenum mine in British Columbia will contribute nearly C$42 billion to the Canadian economy by 2044. The mine, owned by Taseko, has already generated C$16.3 billion in economic impact since 2004, supporting 2,860 jobs and delivering over $4 billion in wages. The study highlights the mine's enduring role in the Cariboo region's economy and its contribution to the growing global demand for copper in the clean energy transition.
in British Columbia , which reveals the operation is set to generate nearly C$42 billion in economic output by 2044.
After acquiring Gibraltar in 1999, Taseko restarted operations at what is now Canada’s second-largest open pit copper-molybdenum mine in 2004. Since then, Gibraltar has contributed C$16.3 billion to Canada’s economy, including $8.3 billion in GDP, with more than half of that impact concentrated in the Cariboo region.
Taseko chief executive officer Stuart McDonald emphasized the mine’s enduring role in B.C.’s economy, calling it a “cornerstone of economic growth, prosperity, and community development in the Cariboo for more than 20 years.”Taseko projects that Gibraltar will produce an additional 2.7 billion pounds of copper through 2044, adding to the 1.9 billion pounds already extracted.
Mining Economy Copper British Columbia Taseko
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