Taseko Mines Ltd T.TKO

Alternate Symbol(s): TGB

Metals & Mining Copper

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.

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Taseko Mines Ltd > Regarding the Notes

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Post by JCSunsfanon Apr 23, 2024 1:19pm

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Post# 36003596

Regarding the Notes

Facts about the notes.

1. Refi's the $400 million that would come due in 2026. Removes uncertainty.
2. Good rate given the spike in recent weeks.
3. The extra $100 million will be used in place of two other debt instruments (not in addition to). The revolving LOC and the yet undrawn So Gen funds. Both of those are a higher rates than the bonds.
4. So, it will not add more overall debt. However the availability of those two debt instruments still stands as a safety net.
5. If it were just Gibraltar, the debt on this company is a bit high. Add Florence and it is just fine.

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