VANCOUVER, July 19, 2017 /CNW/ - Taseko Mines Limited
(TSX: TKO; NYSE MKT: TGB) ("Taseko" or the "Company") announces
that mining and milling operations at the Gibraltar Mine have been
restarted following a 4 day period in which the mine had been idled
due to restricted site access caused by wild fires in the
region.
"The successful restart of Gibraltar involved the efforts of many,
including provincial, regional and local officials. Special thanks
go out to our employees, many of who have themselves been
personally burdened by the impact of the fires yet continued
working around the clock manning call centres, providing essential
on-site services, volunteering to help fellow employees, all to
facilitate a prompt and efficient return to work for the broader
workforce," said Russell Hallbauer,
President & CEO of Taseko Mines Limited.
"Why such a big effort by so many to get things moving again and
restore normalcy? Simply put, it is the best possible road to
recovery for everybody and that has been our collective objective,"
replied Mr. Hallbauer.
"Countless people and families in the region have suffered
devastating fire loss, and that includes some who work for the
Company as mentioned. Sadly, some folks may need months to
recover, others may require years. The best thing
Taseko-Gibraltar can do, and this would apply to other employers in
the region as well, is help people return to work as quickly as
they are able," stated Mr. Hallbauer.
"Limiting employment interruption keeps the payrolls going,
which in-turn provides community stability and continuity.
Continuing to spend money with local businesses on equipment,
services and supplies -- which is only possible if employers are up
and running -- helps the whole region. Most importantly it
helps people by giving them the ability to keep paying their bills
and mortgages and meeting their obligations at
home.
"At this time no fires threaten the mine facility.
However, an evacuation order remains in effect for the City of Williams Lake (65 kilometres south of
the mine) and the risk of potential wildfire in the region
persists.
"With the talent and dedication of our workforce in combination
with the expertise and success of thousands of professional and
volunteer firefighters who have now come from every province in
Canada and as far away as
Australia to help in the battle
and for which we are entirely grateful, we will be able keep the
Gibraltar Mine running and productive and contributing to the
recovery," concluded Mr. Hallbauer.
Russell Hallbauer
President and 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" 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.
SOURCE Taseko Mines Limited