Taseko Mines Ltd T.TKO

Alternate Symbol(s): TGB

Metals & Mining Copper

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.

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Taseko Mines Ltd > Transcript

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Comment by JCSunsfanon May 08, 2021 12:48am

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Post# 33158985

RE:RE:RE:RE:RE:Transcript

RobertC40 wrote:
why do you guys keep saying they spent $11 million on puts!! crazy

From the transcript:

We ended the quarter just shy of $200 million. The working capital decrease of $27 million, which will reverse in Q2, accounted for about half of that use of cash. We also had increased CapEx at both Gib and Florence, and $11 million was used for the purchase of copper put options to protect our Florence price in the second half of this year. We also paid our debt service, including interest. That was around $10 million.

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