0001062993-19-004027.txt : 20191025 0001062993-19-004027.hdr.sgml : 20191025 20191025145309 ACCESSION NUMBER: 0001062993-19-004027 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20191025 FILED AS OF DATE: 20191025 DATE AS OF CHANGE: 20191025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TASEKO MINES LTD CENTRAL INDEX KEY: 0000878518 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31965 FILM NUMBER: 191169489 BUSINESS ADDRESS: STREET 1: SUITE 1500 STREET 2: 1040 WEST GEORGIA STREET CITY: VANCOUVER STATE: A1 ZIP: V6E 4H1 BUSINESS PHONE: 778-373-4533 MAIL ADDRESS: STREET 1: SUITE 1500 STREET 2: 1040 WEST GEORGIA STREET CITY: VANCOUVER STATE: A1 ZIP: V6E 4H1 6-K 1 form6k.htm FROM 6-K Taseko Mines Limited: Form 6-K - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of OCTOBER, 2019

Commission File Number: 001-31965

Taseko Mines Limited
(Translation of registrant's name into English)

15th Floor - 1040 West Georgia St., Vancouver, BC, V6E 4H1
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

[           ] Form 20-F   [ x ] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [           ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [           ]


SUBMITTED HEREWITH

Exhibits

 99.1News Release October 21, 2019 - Taseko Provides Florence Copper Update
 
 99.2News Release October 22, 2019 -Taseko Announces Intention to List on the London Stock Exchange
 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  Taseko Mines Limited
  (Registrant)
     
Date: October 25, 2019 By: /s/ Russell Hallbauer
   
    Russell Hallbauer
  Title: CEO

 


EX-99.1 2 exhibit99-1.htm EXHIBIT 99.1 Taseko Mines Limited: Exhibit 99.1 - Filed by newsfilecorp.com


     TASEKO PROVIDES FLORENCE COPPER UPDATE
AND ANNOUNCES ENGINEERING CONTRACT AWARD

October 21, 2019, Vancouver, BC – Taseko Mines Limited (TSX: TKO; NYSE American: TGB) ("Taseko" or the "Company") is pleased to provide an operational update on its Florence Copper Project.

In the last nine months, Florence personnel have commissioned the 24-hole test wellfield consisting of injection, recovery and monitoring wells, while ramping up the SX/EW Plant to design capacity. This multistep process included the initial leaching period where hydraulic control of solutions 800-1200 feet underground, in the orebody, remained compliant with all environmental guidelines. At the same time, the process of recovering copper rich solutions from the orebody commenced, in accordance with Taseko’s detailed process design.

Russell Hallbauer, CEO and Director of Taseko, commented, "With steady-state operation now achieved, our focus has turned to testing different wellfield operating strategies, including adjusting pumping rates, solution strength, flow direction, and the use of packers in recovery and injection wells to isolate different zones of the orebody. Sweep efficiencies in the wellfield continue to outperform our expectations. Our technical team is using physical and operating control mechanisms to adjust solution chemistry and flow rates and is successfully increasing copper concentration in solution. The main recovery well is now producing copper in solution at an annualized rate of approximately 600,000 pounds per year, and the expectation is for steady improvement as the well matures. We are gaining valuable operating experience that will be used to reduce the ramp up period for commercial wellfield operations."

"With the ongoing success of both the wellfield and SX/EW Plant, the Company has recently awarded the basic engineering contract for the commercial facility to Stantec, and that work has now commenced. Additionally, our senior personnel are actively engaged with the Environmental Protection Agency and the Arizona Department of Environmental Quality to advance commercial operating permits which are expected to be granted in the summer of 2020," concluded Stuart McDonald, President of Taseko.

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

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.


EX-99 3 exhibit99-2.htm EXHIBIT 99.2 Taseko Mines Limited: Exhibit 99.2 - Filed by newsfilecorp.com


TASEKO ANNOUNCES INTENTION TO LIST ON THE LONDON STOCK EXCHANGE

  • Taseko is in the process of seeking a listing on the Main Market of the London Stock Exchange, with approval anticipated prior to the end of 2019
  • This listing is expected to raise Taseko’s profile in global investment markets and broaden access to copper focused institutional investors

October 22, 2019, Vancouver, BC – Taseko Mines Limited (TKO:TSX; TGB:NYSE American) ("Taseko" or the "Company"), a North American focused copper producer and developer, is pleased to announce its intention to seek a listing of the Company’s shares on the London Stock Exchange ("LSE") Main Market. Subject to the required regulatory approvals from the Financial Conduct Authority and the LSE, including publication of a Prospectus, admission to the LSE is expected to occur before the end of 2019. The Company is not intending to raise capital in conjunction with the LSE admission.

Russell Hallbauer, Chief Executive Officer of Taseko, commented.
"It is with great pleasure that we are announcing our strategic move into the broad London market. The solid base of copper production and cash flow from our Gibraltar Mine, combined with near-term production from our Florence Copper Project, presents an excellent investment opportunity currently unavailable to generalist investors in the UK and Europe."

"Given the quality of our North American asset base, and the near-term development of Florence Copper that will transform Taseko into a multi-asset, low cost producer, we feel the timing is right to list on the LSE. Although we are not raising funds as part of the LSE listing, we believe this initiative will enhance our profile in international capital markets, widen our investor base and attract further institutional ownership to our shareholder register."

London Stock Exchange Listing

The London Stock Exchange was established in 1698 and has long been home to some of the world’s largest and best-known mining companies. Admission of Taseko’s shares to the Main Market of the LSE will provide the Company with access to a highly liquid market and a larger pool of active investors who have a long and established history of investing in mining stocks. These investors have a deep understanding of the North American operating environment, but limited exposure to mid-tier copper producers in low risk jurisdictions.

The application for listing the Company’s Shares and the LSE Admission will not affect Taseko's current listing on the Toronto Stock Exchange and the NYSE American exchange.

Taseko will keep the market informed of progress on the LSE Admission.



About Taseko Mines Limited

Taseko is a North American focused copper producer and developer that seeks to create long-term shareholder value by acquiring, developing, and operating large tonnage mineral deposits. The Company’s sole operating asset is the 75% owned Gibraltar Mine, which is located in central British Columbia and is one of the largest copper mines in North America. Taseko also owns 100% of the Florence Copper Project in the United States, which it is advancing towards production.

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

Russell Hallbauer
Chief Executive Officer and Director

UK Financial Public Relations  
Tavistock +44 (0) 207 920 3150
Charles Vivian / Gareth Tredway  
   
Financial Advisors  
Velocity Trade Capital Limited +1 (416) 323 2153
Rusty Bell / Daniel Belchers  

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 include but are not limited to the ability to complete the LSE Admission.

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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