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 > Another shoe to drop?

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Post by templetooth2on Dec 20, 2022 2:24pm

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Post# 35182790

Another shoe to drop?

First, congrats to TKO for this deal.

Just wondering about the rest of financing required. As I understand it, Florence is supposed to have a further capex of $230 million US. Having raised somewhat less than a quarter of that, is the company expecting to raise some equity?

I note that the company has net debt of $420 million Cdn. Is it realistic to assume the balance of capex can be debt-financed?

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