Taseko'S Gibraltar MINE Recognized FOR Outstanding Safety Performance
TASEKO'S GIBRALTAR MINE RECOGNIZED FOR
OUTSTANDING SAFETY PERFORMANCE
VANCOUVER, BC
,
May 9, 2022
/CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the
"Company") is pleased to announce that its Gibraltar Mine near
Williams Lake, BC
won the
John Ash
Award at the Provincial Annual
Mine Safety Awards on
May 5, 2022
.
Presented by the Province of
British Columbia's
Ministry of Energy, Mines and Low Carbon Innovation
, the
John Ash
Award is
presented annually to the open pit mine in
British Columbia
working more than 1,000,000 worker hours with the lowest lost time
injury-frequency rate.
Richard Tremblay
, Taseko's Senior VP, Operations stated, "Operating with high health and safety standards is paramount to our
Company's success and values. I would like to congratulate our employees for their role in
Gibraltar's
award-winning safety
performance. Six times in the last eight years
Gibraltar
has won the prestigious
John Ash
Award. This is a significant
accomplishment that no other large open pit mining operation in BC has ever achieved, and it takes a dedicated and committed
workforce to make it happen."
The Mine Safety Awards were established in 1961 by BC's
Ministry of Energy, Mines and Low Carbon Innovation
to recognize the
safety record of mines in the province. Each year, the awards honour mining operations for their safety accomplishments.
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
Stuart McDonald
President & CEO
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" 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, particularly in respect to Florence Copper that requires one key regulatory permit from the
U.S. Environmental Protection Agency ("EPA") in order to advance to commercial operations;
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 once the final permit is received from the EPA;
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 75% 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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https://www.prnewswire.com/news-releases/tasekos-gibraltar-mine-recognized-for-outstanding-safety-performance-301542784.html
SOURCE
Taseko Mines Limited
View original content:
http://www.newswire.ca/en/releases/archive/May2022/09/c7398.html
%SEDAR: 00003212E
CO: Taseko Mines Limited
CNW 12:11e 09-MAY-22