TIDMTKO
RNS Number : 3526Y
Taseko Mines Limited
06 September 2022
TASEKO mines appoints Uk broker
September 6, 2022, Vancouver, BC - Taseko Mines Limited (TSX:
TKO; NYSE American: TGB; LSE: TKO) ("Taseko" or the "Company") is
pleased to appoint Canaccord Genuity Limited ("Canaccord") as UK
Joint Broker, with immediate effect. Canaccord's global focus will
broaden Taseko's UK and international exposure and complement the
ongoing engagement with Panmure Gordon (UK) Limited.
For further information on Taseko, please see the Company's
website at www.tasekomines.com or contact:
Brian Bergot, Vice President, Investor Relations - 778-373-4533
or toll free 1-877-441-4533
Stuart McDonald
President and CEO
No regulatory authority has approved or disapproved of the
information contained in this news release .
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This document contains "forward-looking statements" that were
based on Taseko's expectations, estimates and projections as of the
dates as of which those statements were made. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "outlook", "anticipate",
"project", "target", "believe", "estimate", "expect", "intend",
"should" and similar expressions.
Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause the Company's
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking statements. These included but are not limited
to:
-- uncertainties about the future market price of copper and the
other metals that we produce or may seek to produce;
-- changes in general economic conditions, the financial
markets, inflation and interest rates and in the demand and market
price for our input costs, such as diesel fuel, reagents, steel,
concrete, electricity and other forms of energy, mining equipment,
and fluctuations in exchange rates, particularly with respect to
the value of the U.S. dollar and Canadian dollar, and the continued
availability of capital and financing;
-- uncertainties resulting from the war in Ukraine, and the
accompanying international response including economic sanctions
levied against Russia, which has disrupted the global economy,
created increased volatility in commodity markets (including oil
and gas prices), and disrupted international trade and financial
markets, all of which have an ongoing and uncertain effect on
global economics, supply chains, availability of materials and
equipment and execution timelines for project development;
-- uncertainties about the continuing impact of the novel
coronavirus ("COVID-19") and the response of local, provincial,
state, federal and international governments to the ongoing threat
of COVID-19, on our operations (including our suppliers, customers,
supply chains, employees and contractors) and economic conditions
generally including rising inflation levels and in particular with
respect to the demand for copper and other metals we produce;
-- inherent risks associated with mining operations, including
our current mining operations at Gibraltar, and their potential
impact on our ability to achieve our production estimates;
-- uncertainties as to our ability to control our operating
costs, including inflationary cost pressures at Gibraltar without
impacting our planned copper production;
-- the risk of inadequate insurance or inability to obtain
insurance to cover material mining or operational risks;
-- uncertainties related to the feasibility study for Florence
copper project (the "Florence Copper Project" or "Florence Copper")
that provides estimates of expected or anticipated capital and
operating costs, expenditures and economic returns from this mining
project, including the impact of inflation on the estimated costs
related to the construction of the Florence Copper Project and our
other development projects;
-- the risk that the results from our operations of the Florence
Copper production test facility ("PTF") and ongoing engineering
work including updated capital and operating costs will negatively
impact our estimates for current projected economics for commercial
operations at Florence Copper;
-- uncertainties related to the accuracy of our estimates of
Mineral Reserves (as defined below), Mineral Resources (as defined
below), production rates and timing of production, future
production and future cash and total costs of production and
milling;
-- the risk that we may not be able to expand or replace
reserves as our existing mineral reserves are mined;
-- the availability of, and uncertainties relating to the
development of, additional financing and infrastructure necessary
for the advancement of our development projects, including with
respect to our ability to obtain any remaining construction
financing potentially needed to move forward with commercial
operations at Florence Copper;
-- our ability to comply with the extensive governmental
regulation to which our business is subject;
-- uncertainties related to our ability to obtain necessary
title, licenses and permits for our development projects and
project delays due to third party opposition, particularly in
respect to Florence Copper that requires one key regulatory permit
from the U.S. Environmental Protection Agency ("EPA") in order to
advance to commercial operations;
-- our ability to deploy strategic capital and award key
contracts to assist with protecting the Florence Copper project
execution plan, mitigating inflation risk and the potential impact
of supply chain disruptions on our construction schedule and
ensuring a smooth transition into construction once the final
permit is received from the EPA;
-- uncertainties related to First Nations claims and consultation issues;
-- our reliance on rail transportation and port terminals for
shipping our copper concentrate production from Gibraltar;
-- uncertainties related to unexpected judicial or regulatory proceedings;
-- changes in, and the effects of, the laws, regulations and
government policies affecting our exploration and development
activities and mining operations and mine closure and bonding
requirements;
-- our dependence solely on our 75% interest in Gibraltar (as
defined below) for revenues and operating cashflows;
-- our ability to collect payments from customers, extend
existing concentrate off-take agreements or enter into new
agreements;
-- environmental issues and liabilities associated with mining
including processing and stock piling ore;
-- labour strikes, work stoppages, or other interruptions to, or
difficulties in, the employment of labour in markets in which we
operate our mine, industrial accidents, equipment failure or other
events or occurrences, including third party interference that
interrupt the production of minerals in our mine;
-- environmental hazards and risks associated with climate
change, including the potential for damage to infrastructure and
stoppages of operations due to forest fires, flooding, drought, or
other natural events in the vicinity of our operations;
-- litigation risks and the inherent uncertainty of litigation,
including litigation to which Florence Copper could be subject
to;
-- our actual costs of reclamation and mine closure may exceed
our current estimates of these liabilities;
-- our ability to meet the financial reclamation security
requirements for the Gibraltar mine and Florence Project;
-- the capital intensive nature of our business both to sustain
current mining operations and to develop any new projects,
including Florence Copper;
-- our reliance upon key management and operating personnel;
-- the competitive environment in which we operate;
-- the effects of forward selling instruments to protect against
fluctuations in copper prices, foreign exchange, interest rates or
input costs such as fuel;
-- the risk of changes in accounting policies and methods we use
to report our financial condition, including uncertainties
associated with critical accounting assumptions and estimates; and
Management Discussion and Analysis ("MD&A"), quarterly reports
and material change reports filed with and furnished to securities
regulators, and those risks which are discussed under the heading
"Risk Factors".
For further information on Taseko, investors should review the
Company's annual Form 40-F filing with the United States Securities
and Exchange Commission www.sec.gov and home jurisdiction filings
that are available at www.sedar.com, including the "Risk Factors"
included in our Annual Information Form.
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END
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