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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 profittaker1on Dec 28, 2022 11:44am
163 Views
Post# 35193633

RE:RE:RE:RE:A giveaway agreement, and soon an equity raise?

RE:RE:RE:RE:A giveaway agreement, and soon an equity raise?We'll here is an actual transcript of that part of the interview. Let's let everyone decide what Stuart actually meant.

Andrew Bell: "And Stuart, sorry we have less than 30 seconds. Can you us a ballpark; how much more will you have to raise to get up and running in production terms?"

Stuart McDonald, President and CEO Taseko Mining: "Well we've got a good balance sheet right now. We have $100 Million or more of cash on our balance sheet. We've got this new transaction now, we've got a credit facility. You know, we may look to do a small financing here but we're essentially financed at the project level. It really is quite a low capital cost that we have to fund here. It's low cost mining and it's also a low cost operation to build upfront so we're pretty much there."
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