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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

Comment by BlueBeeon May 06, 2021 12:17pm
111 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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