VANCOUVER, May 11, 2020 /CNW/ - Taseko Mines Limited (TSX:
TKO; NYSE MKT: TGB; LSE: TKO) ("Taseko" or the "Company") has
published its first Environmental, Social, and Governance ("ESG")
Report, titled Our Contribution to Society (the "Report"). The
Report is an examination of the Company's sustainable performance,
with specific details for 2017, 2018 and 2019.
Stuart McDonald, Taseko's
President, commented, "Taseko has accomplished many operational
milestones. From restarting, modernizing, and expanding our
flagship Gibraltar Mine in British
Columbia to achieving record mine production and successful
operational performance of our state-of-the-art Florence Copper
Production Test Facility in Arizona."
Russell Hallbauer, Chief
Executive Officer, commented, "Taseko's success, however, can be
measured in ways that go beyond production and financial results.
The Company has an enviable track record of contribution when it
comes to environmental protection and generating social value
through disciplined governance. Our Report is an accounting
of our ESG results and the value generated for people measured
against the environmental impact of the business."
Report highlights include:
- Award winning safety record at Gibraltar, having won the prestigious
John Ash Award in 2014, 2015, 2016,
and 2018
- Over 76,000 trees and 202,000 shrubs planted since 2004
- Savings of 238,000,000 kilowatts of energy since 2014
- Gibraltar Mine spent over $321
million on supplier goods and services in 2019.
Approximately 38% ($121 million) were
purchased from suppliers and contractors in the BC Interior and
Cariboo regions.
- US$12 million into the local
economies of Florence,
Coolidge, San Tan Valley,
Queen Creek, and surrounding
communities in 2018
- $6.5 million in charitable giving
since 2011 -- arts, culture, education, health, research, and other
community programs
- Gibraltar employees, along
with the Company, have donated $785,000 to the Annual United Way Campaign, an
employee driven program focused on local needs since 2008
- 11,800 tires, 50,200 kilograms of batteries, 32,200 tons of
steel, and 88,900 kilograms of cardboard, among other items being,
recycled since 2004
Unwavering dedication to employee safety, environmental
protection, and delivering social value - these are the commitments
that fulfil Taseko's broader obligation to sustainable
development.
"We freely offer the results of this examination so that those
interested in the work we do are better able to consider the public
value of our contribution," concluded Mr. McDonald.
The full report can be viewed and downloaded at
tasekomines.com/our-contribution
Russell Hallbauer
CEO & 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" 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