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TKO - Taseko Mines News Story

C$1.02 -0.0  -1.0%

Last Trade - 2:48pm

Sector
Basic Materials
Size
Small Cap
Market Cap £146.8m
Enterprise Value £335.0m
Revenue £197.1m
Position in Universe 484th / 2682

Taseko Mines Limited: Taseko provides update on New Prosperity project

Fri 6th December, 2019 7:00am
Taseko provides update on New Prosperity project

VANCOUVER, Dec. 5, 2019 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE American:
TGB; LSE: TKO) ("Taseko" or the "Company") announces the following:

"The T?ilhqot'in Nation as represented by T?ilhqot'in National Government and
Taseko Mines Limited have entered into a dialogue, facilitated by the Province
of British Columbia, to try to obtain a long term solution to the conflict
regarding Taseko's proposed gold-copper mine currently known as New
Prosperity, acknowledging Taseko's commercial interests and the opposition of
the T?ilhqot'in Nation to the Project. While the details of this process are
confidential, in order to facilitate a dialogue the parties have agreed to a
standstill on certain outstanding litigation and regulatory matters which
relate to Taseko's tenures and the area in the vicinity of Teztan Biny (Fish
Lake)."

Russell Hallbauer
Chief Executive Officer and Director

No regulatory authority has approved or disapproved of the information
contained in this news release.

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.

For further information on Taseko, please visit the Taseko website at
www.tasekomines.com or contact: Investor enquiries - Brian Bergot, Vice
President, Investor Relations - 778-373-4533 or toll free 1-877-441-4533;
Media enquiries - Brian Battison, Vice President, Corporate Affairs -
778-373-4533 or toll free 1-877-441-4533



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