Of the 700 men and women that work at Gibraltar, 96 per cent of the wages are paid to those living in Williams Lake, Quesnel, and 100 Mile House. (Photo submitted)

INDUSTRIAL UPDATE 2020: Gibraltar now a state-of-the-art facility

The mine now has an average annual production of 135-million pounds per year

Over the past month, the headlines in the news have been consumed with information about the worldwide health crisis caused by the COVID-19 virus, plummeting oil and commodity prices and the economic challenges being created as a result.

On March 9, 2020 the U.S. stock market saw its biggest sell off since the 1987 crash. This triggered a market wide trading halt in the United States – a very rare occurrence that illustrates some of the economic uncertainties the world is facing.

Many of the Taseko and Gibraltar management team have been through similar uncertain and turbulent economic times and tough commodity markets.

It is because of management’s experience, careful planning and forecasting, that Gibraltar Mine continues to operate even during hard times, such as what we are experiencing today.

Built in 1972, Gibraltar Mine was originally designed to process 36,000 tons of ore per day, producing approximately 60-million pounds of copper annually.

Because of a $700-million multi-phase program of revitalization, Gibraltar is now a state-of-the-art facility with an average annual production of 135-million pounds per year. Gibraltar will deliver billions of dollars in social and economic value to Canadians for the next 20 plus years.

Read More: INDUSTRIAL UPDATE: Taseko-Gibraltar: a partner for environmental protection

It will infuse the economy with long-term, high-paying jobs, promote significant growth in local business, and it will supply government with revenues that will support vital social programming.

Our commitment and positive impact to the Cariboo region is something we are proud to deliver.

Of the 700 men and women that work at Gibraltar, 96 per cent of the wages are paid to those living in Williams Lake, Quesnel, and 100 Mile House.

In 2019, Gibraltar provided $75.4-million in total annual wages; in which, $71.7-million went directly to Cariboo residents. In addition, in 2019, Taseko-Gibraltar purchased approximately $121.9-million in supplies and services from the BC Interior/Cariboo region.

Despite the volatility caused by global events, Taseko and Gibraltar remain positioned to operate successfully and deliver social and economic value to the people of the Cariboo and British Columbia for years to come. Richard Tremblay is vice president, Mining Operations, Taseko Mines Limited.

Do you have a comment about this story? email:

Like us on Facebook and follow us on Twitter.


Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

B.C. firefighters only responding to most life-threatening calls during COVID-19 pandemic

The directive comes after province spoke with paramedics, fire services, according to top doctor

EDITORIAL: No time for April fools

As we adjust, cope, our community responds in different ways

2020 BC Cowboy Hall of Fame inductees: Bayliff family and Chilancoh Ranch

Historic ranch honoured in Ranching Pioneer and Century Ranch categories

Visitor to Kamloops army club tests positive for COVID-19: Interior Health

The individual visited Anavets 290 Army and Navy Club between March 13 and March 17

Lives impacted, lessons learned during COVID-19

Visiting his dying father revealed difficult conditions for frontline workers, Ingemar Kallman said

Education, not enforcement: B.C. bylaw officers keeping a watch on physical distancing

A kind word, it turns out, has usually been all people need to hear

QUIZ: How much do you know about hockey?

Take this test and find out how well you know Canada’s most popular winter sport

Researchers look at humidity as a weapon in the fight against airborne viruses

Regular hand washing, physical distancing and PPE for health care workers remains best line of defense

Two inmates found positive for COVID-19 at federal prison in B.C.; other tests pending

15 staff self-isolating waiting results, refusal to work notice sent, says correctional officer

Critic, workers’ group ‘disappointed’ Trudeau chose Amazon to distribute PPE

Amazon Canada said in an email to The Canadian Press that it is working with Canada Post, Purolator

How to cope with your mental health during a global pandemic

Becca Shears, clinical counsellor in Vanderhoof speaks about ways to deal with stress and anxiety during this time.

Full World COVID-19 update: National Guard collect ventilators in New York; Spain, Italy improve

Comprehensive coronavirus update with news from around the world.

Two people fined after B.C. police spot online ads re-selling 5,000 surgical, N95 masks

Police confiscated the masks, being sold at inflated prices, and now working with Fraser Health

Most Read