VANCOUVER, June 14, 2019 /PRNewswire/ - Taseko Mines
Limited (TSX: TKO; NYSE American: TGB) ("Taseko" or the "Company")
today announced the voting results from its 2019 Annual General
Meeting held Thursday, June 13, 2019
in Vancouver, British
Columbia. Additionally, the Company announces the following
executive management appointments, which are effective immediately.
Stuart McDonald, currently Taseko's
Chief Financial Officer, will become President of the Company and
Russell Hallbauer will remain as
Chief Executive Officer. Bryce
Hamming, currently Director of Corporate Finance, has been
appointed Chief Financial Officer and Richard Tremblay, currently the VP and General
Manager of Taseko's Gibraltar Mine will become Vice President,
Operations.
Russell Hallbauer, CEO of
Taseko commented, "Stuart has been with the Company for six
years and over that time has been taking on more responsibilities
preparing him to take on the role of President, as the Company
embarks on its next stage of growth. Having successfully led
the bond refinancing in 2017 and other finance and corporate
development initiatives, he is well suited for raising the
necessary capital to allow the Company to move forward with our
growth strategy. Bryce, whose career has included corporate
finance roles in mining and similar industries as well as banking,
will also be an important part of the management team going
forward."
Mr. Hallbauer continued, "Our operational strength at head
office will be enhanced with the addition of Richard who has 30
years of experience in mining operations, with a strong background
in open pit mines in B.C., Ontario
and Quebec. Along with
John McManus, our Chief Operating
Officer, we have the necessary skills and experience to advance our
projects through to becoming operating assets."
A total of 165,137,949 common shares were voted at the Annual
General Meeting, representing 67.1% of the votes attached to all
outstanding common shares. Shareholders voted in favour of all
items of business before the meeting, including the election of all
director nominees as follows:
Director
|
% of Votes in
Favour
|
Anu Dhir
|
96.5%
|
Robert
Dickinson
|
95.2%
|
Russell
Hallbauer
|
96.4%
|
Alexander
Morrison
|
96.7%
|
Richard
Mundie
|
96.7%
|
Kenneth
Pickering
|
96.5%
|
Ronald
Thiessen
|
95.3%
|
Detailed voting results for the 2018 Annual General Meeting are
available on SEDAR at www.sedar.com.
Russell Hallbauer
Chief Executive Officer
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.
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SOURCE Taseko Mines Limited