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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 profittaker1on Dec 28, 2022 11:44am
151 Views
Post# 35193633

RE:RE:RE:RE:A giveaway agreement, and soon an equity raise?

RE:RE:RE:RE:A giveaway agreement, and soon an equity raise?We'll here is an actual transcript of that part of the interview. Let's let everyone decide what Stuart actually meant.

Andrew Bell: "And Stuart, sorry we have less than 30 seconds. Can you us a ballpark; how much more will you have to raise to get up and running in production terms?"

Stuart McDonald, President and CEO Taseko Mining: "Well we've got a good balance sheet right now. We have $100 Million or more of cash on our balance sheet. We've got this new transaction now, we've got a credit facility. You know, we may look to do a small financing here but we're essentially financed at the project level. It really is quite a low capital cost that we have to fund here. It's low cost mining and it's also a low cost operation to build upfront so we're pretty much there."
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