REG - Taseko Mines Limited - Admission to Trading on the London Stock Exchange

Taseko MinesAnnouncement

22/11/2019 07:00

RNS Number : 2923U
Taseko Mines Limited
22 November 2019
 


TASEKO Mines lIMITED
admission to trading on the london stock exchange
 
 
November 22, 2019, Vancouver, BC - Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) ("Taseko" or the "Company") is pleased to announce that, at 08:00am GMT today, its common shares will be admitted to the standard listing segment of the Official List and the LSE's Main Market for listed securities ("Admission") under the ticker TKO.
 
Admission follows the publication of the Company's Prospectus on 19 November, a copy of which is available on the Company's website (www.tasekomines.com/investors/lse-listing), the National Storage Mechanism (www.morningstar.co.uk/uk/NSM) and under the Company's Sedar profile (www.sedar.com). Hard copies of the Prospectus will also be available during normal business hours at the offices of the Company's English legal advisers, Memery Crystal LLP, at 165 Fleet Street, London EC4A 2DY.
 
About Taseko Mines Limited
 
Taseko is a North American focused copper producer and developer with assets in both Canada and the USA. The Company's flagship asset is the world class Gibraltar Copper Mine which has an expected mine life of 19 years based on Proven and Probable Mineral Reserves of 594 million tons, containing 2.6 billion pounds of recoverable copper. Gibraltar's low-cost structure is achieved by having a skilled and efficient workforce, low cost, reliable power and access to modern infrastructure. Taseko also owns the Florence Copper Project in Arizona, which has the potential to transform Taseko's production profile in the coming years, and dramatically reduce the Company's consolidated unit costs. The project has a production capacity of 85 million pounds of copper over a 20-year mine life, with an after-tax NPV (at 8%) of US$670 million and an IRR of 40%.
 
For further information on Taseko, please visit the Taseko website at www.tasekomines.com or contact:
 
Brian Bergot, Vice President, Investor Relations - 778-373-4533 or toll free 1-877-441-4533
 
Gareth Tredway / Annabel de Morgan
Tavistock - UK Financial Public Relations - 00 44 20 7920 3150
 
Russell Hallbauer

Chief Executive Officer
 
No regulatory authority has approved or disapproved of the information contained in this news release.  Potential investors should read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities.
 
 
 
 
CAUTION REGARDING FORWARD-LOOKING INFORMATION
 
This document contains "forward-looking statements" within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward looking statements") that were based on Taseko's expectations, estimates and projections as of the dates as of which those statements were made. Any statements that express, or involve discussions as to, expectations, believes, plans, objectives, assumptions or future events or performance that are not historical facts, are forward-looking statements.  Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should" and similar expressions.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These included but are not limited to:
·      uncertainties and costs related to the Company's exploration and development activities, such as those associated with continuity of mineralization or determining whether mineral resources or reserves exist on a property;
·      uncertainties related to the accuracy of our estimates of mineral reserves, mineral resources, production rates and timing of production, future production and future cash and total costs of production and milling;
·      uncertainties related to feasibility studies that provide estimates of expected or anticipated costs, expenditures and economic returns from a mining project;
·      uncertainties related to the ability to obtain necessary title, licenses and permits for development projects and project delays due to third party opposition; 
·      our ability to comply with the extensive governmental regulation to which our business is subject;
·      uncertainties related to unexpected judicial or regulatory proceedings; 
·      changes in, and the effects of, the laws, regulations and government policies affecting our exploration and development activities and mining operations, particularly laws, regulations and policies;
·      changes in general economic conditions, the financial markets and in the demand and market price for copper, gold and other minerals and commodities, such as diesel fuel, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly with respect to the value of the U.S. dollar and Canadian dollar, and the continued availability of capital and financing;
·      the effects of forward selling instruments to protect against fluctuations in copper prices and exchange rate movements and the risks of counterparty defaults, and mark to market risk;
·      the risk of inadequate insurance or inability to obtain insurance to cover mining risks;
·      the risk of loss of key employees; the risk of changes in accounting policies and methods we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates;
·      environmental issues and liabilities associated with mining including processing and stock piling ore;
·      labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate mines, or environmental hazards, industrial accidents, equipment failure or other events or occurrences, including third party interference that interrupt the production of minerals in our mines;
·      the availability of, and uncertainties relating to the development of, infrastructure necessary for the development of our projects;
·      our reliance upon key personnel; and
·      uncertainties relating to increased competition and conditions in the mining capital markets.
 
For further information on Taseko, investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission www.sec.gov and home jurisdiction filings that are available at www.sedar.com, including the "Risk Factors" included in our Annual Information Form. 
 
 




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