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
99.1 | News Release October 21, 2019 - Taseko Provides Florence Copper Update | |
99.2 | News 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 |
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 Tasekos 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 Tasekos 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 Companys 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:
For further information on Taseko, investors should review the Companys 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.
TASEKO ANNOUNCES INTENTION TO LIST ON THE LONDON STOCK EXCHANGE
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 Companys 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 worlds largest and best-known mining companies. Admission of Tasekos 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 Companys 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 Companys 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 Tasekos 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 Companys 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 Companys 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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