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Taseko Mines swings to loss

Taseko Mines Ltd. reports it swung to a third-quarter loss as revenues fell 28 per cent and capital spending more than tripled. The Vancouver-based miner reported a quarterly loss of $3.

Taseko Mines Ltd. reports it swung to a third-quarter loss as revenues fell 28 per cent and capital spending more than tripled. The Vancouver-based miner reported a quarterly loss of $3.9 million, or two cents per share, compared to a profit of $30 million, or 15 cents per share in the same quarter of 2011. Revenues fell to $61 million from $84 million in the year earlier as its copper sales volumes fell 26 per cent year-over-year and average copper prices fell slightly.