VANCOUVER, Sept. 24, 2020 /PRNewswire/ - Taseko Mines
Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the
"Company") is pleased to announce that its Gibraltar Mine has been
awarded the prestigious Jake McDonald Annual Award for Metal Mine
Reclamation from the British Columbia Technical and Research
Committee on Reclamation ("TRCR").
TRCR's annual BC Mine Reclamation Awards, which recognizes
outstanding achievement in mine reclamation in British Columbia, was held on September 23rd, 2020.
Russell Hallbauer, CEO and
Director of Taseko, commented, "What a great honour for our
employees. Gibraltar has
been operating for nearly 50 years, generating opportunity for
people and economic benefit for communities in the Cariboo.
The efforts of our Gibraltar
employees continue to be rewarded by achievements like this high
profile award. It is gratifying to see their talent and
ingenuity being recognized at the highest levels.
Gibraltar is proof of mining sustainability in action."
"We would specifically like to acknowledge the local Xatśūll
First Nations and the North Shuswap Tribal Council Fisheries
Department for their partnership and traditional knowledge in the
annual Fraser River Salmon Sampling Program. As well as a thank you
to the Xatśūll First Nations reclamation crew, whose participation
has contributed to the success of Gibraltar's reclamation program."
Stuart McDonald, President of
Taseko added, "The Jake McDonald
Award is the top mine reclamation award in British Columbia, a province that has a large
mining industry. This achievement reflects the hard work of many
talented people and we are honoured to have been chosen as this
year's recipient. The award adds to our track record of
achievement which includes other recognition awards for employee
safety and community service."
Xatśūll First Nations Chief Sheri
Sellars commented, "I am proud of the work Xatśūll First
Nation community members have done in partnership with
Taseko-Gibraltar. The fish-sampling program and the reclamation
work have been award-winning successes. Our members have also
benefitted from employment opportunities and educational
initiatives which stem from our relationship with Gibraltar."
Gibraltar's Reclamation
Research Programs
The aim of Gibraltar's
reclamation research program is continual improvement by
identifying and introducing leading-edge ideas within the field of
environmental science in mine reclamation. With this goal in
mind, projects at Gibraltar
include:
- sampling of salmon from the Fraser River in partnerships with
the Xatśūll First Nations and the North Shuswap Tribal Council to
provide information to local Indigenous communities regarding the
safety of consuming salmon captured at traditional fishing
sites;
- studying and utilizing innovative technologies to determine how
reclamation activities promote the development and recovery of
biological communities;
- supporting BCIT, SFU, and Mitacs master's students in a trial
research program to expedite the development of soil microbial
crust, specifically at the tailings storage facility.
For further information on Gibraltar's environmental and reclamation
program, please visit tasekomines.com/esg/environment and
watch the video titled "Realizing Collective Potential in Mining
Reclamation".
About British Columbia Technical and Research Committee on
Reclamation
The British Columbia Technical and Research Committee on
Reclamation originated in the early 1970's. The committee is
a joint government-industry initiative dedicated to environmental
protection and reclamation associated with mining. Membership
includes individuals drawn from the Ministry of Energy, Mines and
Petroleum Resources, the Ministry of Environment, universities,
colleges and industry associations.
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" 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
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 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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SOURCE Taseko Mines Limited