STOCK WATCH

TASEKO Mines shares surged after the Canadian firm unveiled a strong rise in production from its Gibraltar site in British Columbia, Canada.

The Vancouver-based firm reported that the mine produced 34.5m pounds of copper in the third quarter of this year, an increase of 29pc on the second quarter.

The company also unearthed 600,000 pounds of molybdenum, an element used in the production of stainless steel. The figure was 50pc higher than the amount produced in the previous quarter.

Taskeo’s shares jumped 10.7pc, or 15p, to 155p following the update.