Taseko Issues 2023 Sustainability Report
Taseko Issues 2023 Sustainability Report
VANCOUVER, BC
,
June 25, 2024
/CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB)
(LSE: TKO) ("Taseko" or the "Company") has published its annual Sustainability Report, titled
H
2
0 +
ESG.
The report focuses on the Company's operational and sustainability achievements at the Gibraltar
Mine in 2023, and also highlights social and economic contributions from the Florence Copper project
in
Arizona
, which will soon become the Company's second operating asset.
Taseko's 2023 Sustainability Report also highlights several significant initiatives underway across the
Company to conserve and reuse water, and to achieve water management objectives. This includes
a pioneering in-situ biological water treatment initiative undertaken at the
Gibraltar
mine last year –
part of a long-term water management program that has achieved a 77% reduction in free water
stored in the mine's tailings storage facility over the past decade.
Stuart McDonald
, President & CEO of Taseko, commented, "We're proud of Taseko's sustainability
performance, and our continued focus on the issues and opportunities that generate the greatest
value for our shareholders, employees and operating communities. Our priority investments in water
quality and water conservation initiatives, outlined in this report, are further examples of our
approach. These accomplishments would not be possible without the important contributions of our
employees and business partners."
Taseko's 2023 Sustainability Report,
H
2
0 +ESG,
is available at
bit.ly/Taseko_SustainabilityReports
A newly released video titled "Biological Water Treatment at
Gibraltar
" is available at
bit.ly/Gibraltar_BiologicalTreatment
Stuart McDonald
President and CEO
Caution Regarding Forward-Looking Information
This document contains "forward-looking statements" that were based on Taseko's expectations,
estimates and projections as of the dates as of which those statements were made. 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 about the future market price of copper and the other metals that we produce or
may seek to produce;
changes in general economic conditions, the financial markets, inflation and interest rates and in
the demand and market price for our input costs, such as diesel fuel, reagents, 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;
uncertainties resulting from the war in
Ukraine
, and the accompanying international response
including economic sanctions levied against
Russia
, which has disrupted the global economy,
created increased volatility in commodity markets (including oil and gas prices), and disrupted
international trade and financial markets, all of which have an ongoing and uncertain effect on
global economics, supply chains, availability of materials and equipment and execution timelines
for project development;
uncertainties about the continuing impact of the novel coronavirus ("COVID-19") and the
response of local, provincial, state, federal and international governments to the ongoing threat
of COVID-19, on our operations (including our suppliers, customers, supply chains, employees
and contractors) and economic conditions generally including rising inflation levels and in
particular with respect to the demand for copper and other metals we produce;
inherent risks associated with mining operations, including our current mining operations at
Gibraltar
, and their potential impact on our ability to achieve our production estimates;
uncertainties as to our ability to control our operating costs, including inflationary cost pressures
at
Gibraltar
without impacting our planned copper production;
the risk of inadequate insurance or inability to obtain insurance to cover material mining or
operational risks;
uncertainties related to the feasibility study for Florence copper project (the "Florence Copper
Project" or "Florence Copper") that provides estimates of expected or anticipated capital and
operating costs, expenditures and economic returns from this mining project, including the impact
of inflation on the estimated costs related to the construction of the Florence Copper Project and
our other development projects;
the risk that the results from our operations of the Florence Copper production test facility
("PTF") and ongoing engineering work including updated capital and operating costs will
negatively impact our estimates for current projected economics for commercial operations at
Florence Copper;
uncertainties related to the accuracy of our estimates of Mineral Reserves (as defined below),
Mineral Resources (as defined below), production rates and timing of production, future
production and future cash and total costs of production and milling;
the risk that we may not be able to expand or replace reserves as our existing mineral reserves
are mined;
the availability of, and uncertainties relating to the development of, additional financing and
infrastructure necessary for the advancement of our development projects, including with respect
to our ability to obtain any remaining construction financing potentially needed to move forward
with commercial operations at Florence Copper;
our ability to comply with the extensive governmental regulation to which our business is subject;
uncertainties related to our ability to obtain necessary title, licenses and permits for our
development projects and project delays due to third party opposition;
our ability to deploy strategic capital and award key contracts to assist with protecting the
Florence Copper project execution plan, mitigating inflation risk and the potential impact of
supply chain disruptions on our construction schedule and ensuring a smooth transition into
construction;
uncertainties related to First Nations claims and consultation issues;
our reliance on rail transportation and port terminals for shipping our copper concentrate
production from
Gibraltar
;
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 and mine closure and bonding
requirements;
our dependence solely on our 87.5% interest in
Gibraltar
(as defined below) for revenues and
operating cashflows;
our ability to collect payments from customers, extend existing concentrate off-take agreements
or enter into new agreements;
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 our mine, industrial accidents, equipment failure or other
events or occurrences, including third party interference that interrupt the production of minerals
in our mine;
environmental hazards and risks associated with climate change, including the potential for
damage to infrastructure and stoppages of operations due to forest fires, flooding, drought, or
other natural events in the vicinity of our operations;
litigation risks and the inherent uncertainty of litigation, including litigation to which Florence
Copper could be subject to;
our actual costs of reclamation and mine closure may exceed our current estimates of these
liabilities;
our ability to meet the financial reclamation security requirements for the
Gibraltar
mine and
Florence Project;
the capital intensive nature of our business both to sustain current mining operations and to
develop any new projects, including Florence Copper;
our reliance upon key management and operating personnel;
the competitive environment in which we operate;
the effects of forward selling instruments to protect against fluctuations in copper prices, foreign
exchange, interest rates or input costs such as fuel;
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; and
Management Discussion and Analysis ("MD&A"), quarterly reports and material change reports
filed with and furnished to securities regulators, and those risks which are discussed under the
heading "Risk Factors".
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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SOURCE
Taseko Mines Limited
View original content:
http://www.newswire.ca/en/releases/archive/June2024/25/c4918.html
%SEDAR: 00003212E
For further information:
For further information on Taseko, please visit the Taseko website at
www.tasekomines.com or contact: Investor enquiries: Brian Bergot, Vice President, Investor
Relations; Media enquiries: Sean Magee, Vice President, Corporate Affairs, 778-373-4533 or toll
free 1-877-441-4533
CO: Taseko Mines Limited
CNW 16:40e 25-JUN-24