TIDMTKO
RNS Number : 1694D
Taseko Mines Limited
01 March 2022
TASEKO MINES: THE GIBRALTAR MINE AND
WILLIAMS LAKE FIRST NATION RENEW
PARTICIPATION AND COOPERATION AGREEMENT
February 28, 2022, Vancouver, BC - Taseko Mines Limited (TSX:
TKO; NYSE American: TGB; LSE: TKO) ("Taseko" or the "Company") is
pleased to announce that the Gibraltar Mine and the Williams Lake
First Nation ("WLFN") have renewed a Participation and Cooperation
Agreement ("Agreement") originally developed and signed in April
2013.
The Agreement commits the Gibraltar Mine and the WLFN to work
together in the interest of achieving environmentally responsible
and economically beneficial mine development at Taseko's
copper-molybdenum mine near Williams Lake, BC. In addition to
enhancing understanding, communication and cooperation between the
parties, the Agreement also provides clear mechanisms to advance
employment and contracting opportunities for WLFN members, as well
as education, training, and community development initiatives.
To commemorate the renewed Agreement and relationship, the
parties held a signing ceremony on February 24th, 2022, at the
WLFN's new administration building, near Williams Lake.
Stuart McDonald, President and CEO of Taseko, commented, "We are
pleased to have renewed this important Agreement and look forward
to building on our well-established relationship with the whole
community. Throughout our long relationship with the WLFN, we have
developed strong and open lines of communication and gained a
better understanding of their history and approach to economic
development. Taseko would like to thank the WLFN for being a
forward-thinking, progressive partner and we look forward to
continuing this prosperous partnership into the future."
Chief Willie Sellars of the WLFN commented "We are proud of the
positive relationship that has been fostered between our community
and Gibraltar. Whenever possible, our approach is to work with
industry to develop mutually beneficial relationships and
opportunities, and our long-standing relationship with Gibraltar
illustrates this. This partnership addresses WLFN's need to be
actively engaged in environmental stewardship and furthers the
social, cultural, and economic interests and endeavours of our
community."
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
forwardlooking 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 effect of COVID-19 and the response
of local, provincial, federal and international governments to the
threat of COVID-19 on our operations (including our suppliers,
customers, supply chain, employees and contractors) and economic
conditions generally and in particular with respect to the demand
for copper and other metals we produce;
-- 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
licenses permits for development projects and project delays due to
third party opposition;
-- 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; and
-- 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 or
other events or occurrences, including third party interference
that interrupt the production of minerals in our mines.
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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END
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