Taseko Mines Ltd. is pleased to announce that it has completed its offering of US$500 million aggregate principal amount of 8.250% Senior Secured Notes due 2030 . A portion of the proceeds will be used to redeem the outstanding US$400 million Senior Secured Notes due 2026 . The remaining proceeds, net of transaction costs and accrued interest, are available for capital expenditures, working capital and general corporate [...]
Taseko Mines Ltd. today announced that it has priced an offering of US$500 million aggregate principal amount of Senior Secured Notes due 2030 . Interest on the Notes will accrue at an annual rate of 8.25% payable semi-annually, and the Notes will be issued at par. The offering is expected to close on April 23, 2024, subject to customary closing conditions. Taseko intends to use the net proceeds from this offering [...]
Taseko Mines Ltd. today announced that it has commenced an offering of US$500 million of Senior Secured Notes due 2030 . The aggregate principal amount, interest rate and other terms of the Notes will be determined at pricing and are dependent upon market conditions and other factors. Taseko intends to use the net proceeds from this offering, together with cash on hand, to redeem its outstanding 7.00% Senior Secured Notes [...]
Taseko Mines Ltd. is pleased to announce that it has entered into a definitive agreement to acquire the remaining 12.5% interest in the Gibraltar Mine from Dowa Metals & Mining Co., Ltd. and Furukawa Co., Ltd. . Under the terms of the Agreement, Taseko will acquire Dowa and Furukawa's shares in Cariboo Copper Corp and will then own 100% of Cariboo shares and have an effective 100% interest in the Gibraltar Mine. All [...]
This release should be read with the Company's Financial Statements and Management Discussion & Analysis , available at www.tasekomines.com and filed on www.sedar.com. Except where otherwise noted, all currency amounts are stated in Canadian dollars. Taseko's 87.5% owned Gibraltar Mine is located north of the City of Williams Lake in south-central British Columbia. Production and sales volumes stated in this release are [...]
Taseko Mines Ltd. is pleased to provide an update on financing and construction progress at its Florence Copper project. On January 15, 2024, the Company signed a definitive agreement with Taurus Mining Royalty Fund L.P. for the previously announced sale of a US$50 million royalty. The royalty will be for 1.95% of the gross revenue from the sale of all copper from Florence Copper. Funding of the US$50 million is subject [...]
Taseko Mines Ltd. is pleased to announce that the Gibraltar mine produced 34 million pounds of copper and 369 thousand pounds of molybdenum in the fourth quarter of 2023. For the full year, Gibraltar produced 123 million pounds of copper, well above guidance and 26% higher than the previous year. Copper production in the fourth quarter was supported by strong copper grades of 0.27% with ore from the lower benches of the [...]
Taseko Mines Ltd. is pleased to announce the following executive management appointments. Richard Tremblay, MBA, P.Eng., has been appointed Chief Operating Officer, and Terry Morris, P.Eng., has joined Taseko as Vice President, Operations. Richard joined Taseko in 2014 as General Manager of the Gibraltar Mine before transitioning to the corporate leadership team where he has been acting as Senior Vice President [...]
Taseko Mines Ltd. is pleased to provide an update on two additional financing transactions, totalling US$100 million, for its Florence Copper Project in Arizona, USA. The Company has been notified that Taurus Mining Royalty Fund L.P. has obtained investment committee approval for a US$50 million royalty, and Societe Generale has received credit approval for a US$50 million senior secured debt facility. Upon closing and [...]
This release should be read with the Company's Financial Statements and Management Discussion & Analysis , available at www.tasekomines.com and filed on www.sedar.com. Except where otherwise noted, all currency amounts are stated in Canadian dollars. Taseko's 87.5% owned Gibraltar Mine is located north of the City of Williams Lake in south-central British Columbia. Production and sales volumes stated in this release are [...]
Taseko Mines Ltd. is pleased to announce that the US Environmental Protection Agency has confirmed that no appeals have been received and Florence Copper's final Underground Injection Control permit is now effective. Stuart McDonald, President and CEO of Taseko, commented, "Successful completion of the UIC permitting process is a result of Taseko's long-term development approach, and the quality and environmental [...]
Taseko Mines Ltd. will release its third quarter 2023 financial results after market close on Wednesday, November 1, 2023. The Company will host a telephone conference call and live webcast on Thursday, November 2, 2023 at 11:00 a.m. Eastern Time to discuss these results. After opening remarks by management, there will be a question and answer session open to analysts and investors. To join the conference call without [...]