Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based copper focused mining company. The Company's principal assets are the 100% owned Gibraltar mine (Gibraltar), which is located in central British Columbia and is one of the largest copper mines in North America and the Florence Copper project, which is under construction. The Company also owns the Yellowhead copper, New Prosperity gold-copper, and Aley niobium projects. The Florence Copper project is located south of Phoenix in the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola region of British Columbia, approximately 150 kilometers (km) northeast of Kamloops near the town of Vavenby. The Aley niobium project is located in northeast British Columbia. The New Prosperity property is located in south-central British Columbia and hosts one of the most significant copper and gold deposits in Canada. It is also located in an area of cultural significance to the Tsilhqot'in Nation, known as Teztan Biny and Nabas.


TSX:TKO - Post by User

Post by fishmillionon Jan 13, 2021 10:53am
182 Views
Post# 32284523

Bonding

BondingIn regards to reclamation bonds or bonding in general..... usually a surety company is used to basically give a guarantee to the owner that commitments will be honored..and if not the surety company will pay to rectify commitments upto maximum stated. Surety company will then try and go after company to recover costs.. you can self bond by way of an irrevocable line of credit issued by your bank... you dont pay this money to the owner... again if you try to eat and run, the owner can draw on the irrevocable line of credit the amount need to fufill your commitment.. this draw is non negotiable.and no questions asked... a company will have to show this as restricted cash on there financials...the reclamation bond/loc only needs to be in place at the start or construction.. there is no way tko would set this up until all permits are received and construction decision made... thr pp was in no way associated with a bond... so again the cash burn is very concerning...
<< Previous
Bullboard Posts
Next >>