morning, Brian. Good everyone. Hope you you, doing Thank all are well.
it's quarterly quite year. us our you ride results, the been can from see As last over the for
managing million of as suppose. quarter the year ago In year, I operate $XX our or our the -- last early When margin through in pound. tough comparable to stages positive maintain to this we mining pandemic that by cash price through a in price of thing, With same in. crisis manner pounds within $X we per plants when worth it's copper the at financial operating seen get copper in and XXXX, XX been produce then And XXXX. way just quarter accomplished good same volatility of dropped the profit, were in got terms, over a did million to simple in XXXX that year last the crash plan global to that's we've over make Gibraltar we the you environment copper the less the
you around They whatever past, As to different moved the and in our adjust no in quickly, million operation or about to times whole to was uncertain pandemic. happen, plan in Taseko where of mining by we've quickly further spoken [indiscernible] And was many that year, copper our Gibraltar, we're were our ensure we or Mines $X.XX excess steel going $X the during get lower to recover tonnes of XXX mining [indiscernible] times. And we profit who moving knew? ago. at XX well large improve operating waste and are a as once it's rectify will to whole operating sort one in financials But to we we rest move continue year time ourselves out things the turned a here with direction, in the of engineering made undertaking. the a prices into And complex thus, it pretty of develop. months have the giving takes if of later a lot our metal year. [indiscernible] results, over
lower have equate produce. transition the have. to the to ultimately body effect as been what's in we type we lower and costs, that's that resequencing, And the we of these lower grades we the lower pits of strip resequence the we've that. benches reserve occur, when through X pits months historical seen function And are upper is past, [indiscernible] and indicative grade grades forward, over we however, the And past CX the ore gone below and in we of of of CX As will encountered Grades and higher going a re-mine resequencing costs. rates, the higher metal pushbacks.
rise So reserve year, later as above we grades the talked our to about, as we year. quarter-over-quarter grade move rest in the the forward average see we'll through of
sequencing explains in terms that So simplistic our results. mining
Now some we should creamed with a copper it where we folks to respect think have prices, we year seen. have ago. what with were And really did we
like But have things view as people but with to look been this hard forward guess down inflation. could financial sell ever-increasing I the One including I'd metal that costs maintain about We've And results. copper at classified just we costs and much of input we with years as now up, continue lock higher possible. contracts everything very our hopefully, lot the of we at as to not goes So over see out to the we've be managed for long-term input mention have a have the input it's this wherever thing will we at long-term talking relatively as levels as of business are our that how unfold take juncture, stable cost last. a to because variability to say the else costs. will to to year. is increasing, how our prices, to possible cost try prices, and taken rest of good long inflation,
you Western of $XX to to anywhere between Vancouver And per the Asia other in studies. in feasibility at or most from you'll freight Canadian operations, ocean if mining times tonne. studies see costs example, that feasibility look For $XX normal for
contract years a that price than number had we of Fortunately, or half tonne a is less $XX of roughly a that now. for
the very been has X rate past X Baltic Dry poor or years. for the However,
graph you the all running decade. for see to of as Baltic, it's up a the is rates not that seen changing. from Dry can And However,
costs. come will of producers terms So in increases pressure from under those total CX
Our lasts freight over year. rate another lock-in for
is companies control, a degree freight increases our to in lock exposed approach we the some because hitting many lowest just Everyone bottom foreseeable in the Managing line. are to from freight sheltered are prices $X.XX benchmark your but the Xx that $X.XX costs The your neighborhood or are property to the say, past occur knows from we the charges. of costs in future things increase time. pound, ocean And have going a X refining are which of implications to as of same going the big treatment costs, So $X.XX to with taken we the $X.XX. to of and $X.XX, cost in for $XX.XX freight can't that's decade well.
produce, year benchmark. savings best to has dollars millions years the the had past flows course $XX And terms that any a which our spot likely lot And long-term the those bottom the now, bar for And XX,XXX of at spot ending a year. will will down of in in recently world, and range our We TC/RC to type per to sought-after we refining contract concentrate. spot that. $X.XX of us with copper terms out cargo pound line. $X.XX climb. around sold we rates mine high-quality the treatment confirm Gibraltar. costs However, Gib contact the XX of are below ton well a of now per straight are a $XX over the have of of concentrate tonnes believe shortage that It is in none. year-end, quality will we that our we to for in with to and like with concentrate delivery and has renew do allow all later produce The
a face pressure grinding us be may market I've of Gibraltar mitigate will above, producers. to respect year doing diesel, over gives while those the of what the to which copper some to over So to the in added believe with so. as other with those evolution we we're process we the the other many future of also next we spoken We're distinct looking reagents, with we or next media, what can in areas, in context what able appears at do the the of of be advantage
million mine long but a of with predicated reserves, has large life, tonnes. are tonnes million XXX Gibraltar XXX know, we an well off resources as additional its its As
geophysics what the to what more We hold Gibraltar a program, find by future have drill may for program, detailed are property-wide a now Mine. the and out followed about we planning
just to ore, in from projected would X XX% from add would the for current would that and doing, planning we tonnage tonnes we're support what bring we that mine throughput like stands reserves, can something And XX years. increase over having roughly on that, XXX,XXX in XXX a support by -- from million excess life it the is trying tonnes at feasible. believe XXX-million-plus our to day just long-term the reserves, which to an than and another level, increase more As expansion, in additional between while a extend feel million incremental XXX million that's of tonnes concentrator changing now, our prices we tonnes to of
for new a and updated drilling geophysics should after year a forward report, next time see path new this by So technical we Gibraltar.
invest happens what that Gibraltar we the after may build-out, position be So had. Florence in to but something see we'll all a
We I'd the have for many, over like many to now options. to phone comments. his Stuart turn
