TKO Taseko Mines Limited

 
TIDMTKO 
 
Taseko Announces New, Long-term Labour Agreement at Gibraltar, Updates Status 
                          of Gibraltar Mine Shipments 
 
VANCOUVER, BC, Nov. 29, 2021 /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE MKT: 
TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce that its 
unionized workforce at the Gibraltar Mine has ratified a new, long-term labour 
agreement. The new agreement will be in place until May 31, 2024. 
 
Stuart McDonald, President and CEO, commented, "We would like to thank all 
parties involved for their hard work and commitment to the collective 
bargaining process. We believe the agreement reached this month will set the 
stage for successful operations at Gibraltar for years to come, with resulting 
benefits for all Taseko stakeholders, including our employees and the people 
and communities of the Cariboo region." 
 
Mr. McDonald continued, "Recent flooding in southern British Columbia has not 
had any impact on production at the Gibraltar Mine, but damage to rail and 
highway infrastructure has prevented transportation of copper concentrate to 
the Port of Vancouver over the last two weeks. Rail service is now resuming and 
is expected to gradually return to normal, but the recent disruptions will 
impact fourth quarter sales volumes which could be significantly lower than 
copper production for the period. Any excess concentrate inventory at year-end 
will be sold in the first quarter of 2022." 
 
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 effect of COVID-19 and the response of local, 
    provincial, federal and international governments to the threat of COVID-19 
    on our operations (including our suppliers, customers, supply chain, 
    employees and contractors) and economic conditions generally and in 
    particular with respect to the demand for copper and other metals we 
    produce; 
  * uncertainties and costs related to the Company's exploration and 
    development activities, such as those associated with continuity of 
    mineralization or determining whether mineral resources or reserves exist 
    on a property; 
  * uncertainties related to the accuracy of our estimates of mineral reserves, 
    mineral resources, production rates and timing of production, future 
    production and future cash and total costs of production and milling; 
  * uncertainties related to feasibility studies that provide estimates of 
    expected or anticipated costs, expenditures and economic returns from a 
    mining project; 
  * uncertainties related to the ability to obtain necessary licenses permits 
    for development projects and project delays due to third party opposition; 
  * 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, particularly laws, regulations and policies; 
  * changes in general economic conditions, the financial markets and in the 
    demand and market price for copper, gold and other minerals and 
    commodities, such as diesel fuel, 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; 
  * the effects of forward selling instruments to protect against fluctuations 
    in copper prices and exchange rate movements and the risks of counterparty 
    defaults, and mark to market risk; 
  * the risk of inadequate insurance or inability to obtain insurance to cover 
    mining risks; 
  * the risk of loss of key employees; 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; 
  * environmental issues and liabilities associated with mining including 
    processing and stock piling ore; and 
  * labour strikes, work stoppages, or other interruptions to, or difficulties 
    in, the employment of labour in markets in which we operate mines, or 
    environmental hazards, industrial accidents or other events or occurrences, 
    including third party interference that interrupt the production of 
    minerals in our mines. 
 
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. 
 
For further information on Taseko, please visit the Taseko website at 
www.tasekomines.com or contact: Brian Bergot, Vice President, Investor 
Relations - 778-373-4533 or toll free 1-877-441-4533 
 
 
 
END 
 
 

(END) Dow Jones Newswires

November 30, 2021 02:00 ET (07:00 GMT)

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