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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including mine permitting and development within the province of British Columbia, Canada and the State of Arizona, the United States. The Company’s principal property is the Gibraltar Mine, which is a copper-molybdenum mine that is located in south-central British Columbia. It also owns the Florence Copper, Yellowhead copper, New Prosperity and Aley properties. The Florence Copper property is located midway between Phoenix and Tucson near the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola area of British Columbia, approximately 150 kilometers northeast of Kamloops near Vavenby. The New Prosperity Project is a gold-copper porphyry, which is located in British Columbia. The Aley Niobium Project is located in northern British Columbia, approximately 140 kilometers north of Mackenzie.


TSX:TKO - Post by User

Comment by BlueBeeon May 06, 2021 12:17pm
105 Views
Post# 33141252

RE:Wow. Debt reduction and dividend talk!

RE:Wow. Debt reduction and dividend talk!Should we assume "accretive Florence financing"  means funds from a JV?  If so, that would not seem to be a very sustainable model for paying dividends.  Instead, why not just forget any JV and instead pay dividends from the 10-15% of Florence production retained by not entering into a JV?  Like others, I do not expect Taseko to pay dividends any time soon (or ever?),  since the company will always have/find more pressing needs for excess cash.  Any mention of dividends by McDonald,  at this time,   just looks like happy talk or a diversion.  Caveat,  give us $10US copper, and it would be time for shareholders to demand a dividend :-)

Wonder if the company has already budgeted/funded the $15M required for the construction of the Fraiser river water quality facility?   Also, wonder what fuel prices will look like in 2021-22 as compared to 2020?

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