Taseko Announces Annual General Meeting Voting Results

VANCOUVER, BC, June 92022 /CNW/ – Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (“Taseko” or the “Company”) announces the voting results of its 2022 Annual General Meeting held Thursday, June 9, 2022 in Vancouver, British Columbia. In addition, the Company announces that Rita Maguire was elected to the board of directors.

Stuart McDonaldPresident and Chief Executive Officer of Taseko, said, “I am pleased to report that Rita Maguire joined our Board of Directors, having served as General Counsel for our Florence Copper project since 2014. His legal background with a focus on water resources and regulatory issues in Arizona makes her a very important addition to our Board of Directors as we move the Florence copper project towards commercial production. »

Ms. Maguire is a practicing lawyer at Phoenix, Arizona focusing his legal practice in the areas of water, environmental, mining and administrative law. Ms. Maguire represents clients in legal matters involving regulatory compliance and permits, water management and conservation, environmental litigation and land use planning. Ms. Maguire served as founding president and CEO of the Arizona Center for Public Policy, director of the Arizona Department of Water Resources, and deputy chief of staff to Governor Fife Symington. She began her career at Conoco-Phillips, working in the International Crude Oil Trading department at its headquarters in Houston, TX.

Ms. Maguire holds three degrees from Arizona State University: a Doctor of Laws obtained in 1988, a Master of Business Administration obtained in 1979 and a Bachelor of Science obtained in 1977. She received an AV-Preeminent Rating from Martindale-Hubbell, and received the Michael J. Brophy Distinguished Service Award from the Environmental and Natural Resources Law Section of the State Bar of Arizona. In 2001, Ms. Maguire was awarded the title of Outstanding Alumnus of the Sandra Day O’Connor College of Law.

A total of 149,948,862 common shares were voted on at the meeting, representing 52.4% of the votes attached to all common shares outstanding. Shareholders voted in favor of all items on the agenda prior to the meeting, including the approval of the shareholder rights plan, the advisory resolution on executive compensation (Say-on-Pay) and the election of all director nominees as follows:

Director

% of upvotes

Anu Dhir

94.6%

Robert A. Dickinson

90.1%

Russell E. Hallbauer

90.8%

Kenneth Pickering

97.1%

Rita Maguire

98.0%

Stuart McDonald

98.1%

Peter C.Mitchell

97.9%

Ronald W. Thiessen

96.2%

Detailed voting results for the 2022 Annual General Meeting are available on SEDAR at www.sedar.com.

Stuart McDonald
President and CEO

No regulatory authority has approved or disapproved of the information contained in this press release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This document contains “forward-looking statements” based on Taseko’s expectations, estimates and projections as of the dates such statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terms such as “outlook”, “anticipate”, “project”, “target”, “believe”, “estimate”, “expect”, ” intend to”, “should” and similar expressions.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by these forward-looking statements. These include but are not limited to:

  • uncertainties about the future market price of copper and other metals that we produce or seek to produce;
  • changes in general economic conditions, financial markets, inflation and interest rates and in market demand and price for our input costs, such as diesel fuel, reagents, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in currency exchange rates, particularly with respect to the value of the US dollar and the Canadian dollar, and the continued availability of capital and financing;
  • uncertainties resulting from the war of Ukraineand the accompanying international response, including the economic sanctions imposed against Russiawhich 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 a continuing and uncertain effect on the global economy, supply chains, availability of materials and equipment and lead times for project development;
  • uncertainties regarding the continued impact of the novel coronavirus (“COVID-19”), and the response of local, provincial, state, federal and international governments to the continued threat of COVID-19, on our operations (including our suppliers, customers , chain suppliers, employees and contractors) and economic conditions generally, including rising levels of inflation and in particular with respect to demand for copper and other metals that we produce;
  • the inherent risks associated with mining operations, including our current mining operations at Gibraltarand their potential impact on our ability to achieve our production estimates;
  • uncertainties about our ability to control our operating costs, including inflationary pressures Gibraltar without impacting our expected 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 of the Florence copper project (the “Florence Copper Project” or “Florence Copper”) which provides estimates of planned or anticipated capital and operating costs, expenditures and economic returns of this mining project, including the impact of inflation on the estimated costs associated with the construction of the Florence copper project and our other development projects;
  • the risk that the results of our operations of the Florence Copper (“PTF”) Production Test Facility and ongoing engineering work, including discounted capital and operating costs, may adversely impact our estimates of the current economic outlook for business operations at Florence Copper;
  • uncertainties relating to the accuracy of our estimates of Mineral Reserves (as defined below), Mineral Resources (as defined below), production rates and production schedule, future production and future cash flows and total production and machining costs;
  • the risk that we may not be able to expand or replace reserves as our existing mineral reserves are mined;
  • the availability and uncertainties related to the development of additional financing and infrastructure necessary to advance our development projects, including with respect to our ability to obtain any remaining construction financing potentially necessary to continue commercial operations in Florence Copper;
  • our ability to comply with extensive government regulation to which our business is subject;
  • uncertainties relating to our ability to obtain the necessary titles, licenses and permits for our development projects and project delays due to third-party opposition, particularly with respect to Florence Copper which requires key regulatory permit from the US Environmental Protection Agency (“EPA”) in order to transition to commercial operations;
  • our ability to deploy strategic capital and award key contracts to help protect the Florence Copper project execution plan, mitigate inflation risk and the potential impact of supply chain disruptions on our schedule of construction and ensure a smooth transition to construction once final permit is received from EPA;
  • uncertainties related to First Nation claims and consultation issues;
  • our reliance on rail transportation and port terminals to ship our copper concentrate production from Gibraltar;
  • uncertainties related to unexpected legal or regulatory proceedings;
  • changes to and effects of governmental laws, regulations and policies affecting our exploration and development activities and mining operations, as well as mine closure and bonding requirements;
  • our dependence solely on our 75% interest in Gibraltar (as defined below) for revenue and cash flow from operations;
  • our ability to collect payment from customers, extend existing concentrate purchase agreements or enter into new agreements;
  • environmental issues and liabilities associated with mining, including ore processing and storage;
  • labor strikes, work stoppages or other interruptions or difficulties in the employment of labor in the markets in which we operate our mine, industrial accidents, equipment failures or other events or occurrences, including the interference from third parties that interrupt the production of minerals at our mine;
  • environmental hazards and risks associated with climate change, including the potential for infrastructure damage and operational disruptions due to wildfires, floods, drought or other natural events near our operations;
  • the risks of litigation and the uncertainty inherent in litigation, including litigation to which Florence Copper may be subject;
  • our actual mine reclamation and closure costs may exceed our current estimates of such liabilities;
  • our ability to meet financial recovery guarantee requirements for the Gibraltar Florence mine and project;
  • the capital intensive nature of our business both to support current mining operations and to develop new projects, including Florence Copper;
  • our dependence on key management and operating personnel;
  • the competitive environment in which we operate;
  • the effects of forward sale instruments to hedge against fluctuations in copper prices, foreign exchange rates, interest rates or input costs such as fuel;
  • the risk of changes in the accounting policies and methods we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates; and MD&A, quarterly reports and material change reports filed with and provided to securities regulators, and the risks which are discussed under “Risk Factors”.

For more information about Taseko, investors should see the company’s annual Form 40-F filed with the United States Securities and Exchange Commission. www.sec.gov and home jurisdiction filings which are available at www.sedar.comincluding the “Risk Factors” included in our Annual Information Form.

SOURCE Taseko Mines Limited

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

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