VANCOUVER, BC, July 9, 2020 /CNW/ - Taseko Mines Limited (TSX:
TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company")
today announced the voting results from its 2020 Annual General
Meeting held Wednesday, July 8, 2020
in Vancouver, British Columbia.
Additionally, the Company announces that Richard Mundie and Alex
Morrison did not stand for re-election and Peter Mitchell has been appointed to the
Board.
Russell Hallbauer, CEO and
Director of Taseko, commented, "Richard and Alex have been on
the Taseko Board since 2009 and 2011, respectively. Richard was a
strong contributor to the Board through the very difficult
times we experienced during the great financial crisis, and in its
aftermath, as his decades of experience in the mineral industry
gave him the knowledge to provide sound guidance to management in
those unprecedented times. Both Richard and Alex were also
key members of the special committee that fought long and hard
during the hostile proxy fight in 2016. Both of these
gentlemen fulfilled a number of very important roles over the last
decade, helping guide this company and keeping it on a stable
footing as we move forward with our continued growth. On
behalf of our Board, I thank them both and wish them well in their
future endeavours."
Mr. Mitchell is a Chartered Accountant (CPA-CA) with over 35
years of senior financial management experience in both public and
private equity sponsored companies. Most recently, he was
Senior Vice President and Chief Financial Officer of Coeur Mining,
Inc., a precious metals producer operating mines throughout
North America. Peter joined
Coeur in 2013 and was responsible for investor relations, financial
planning and analysis, financial reporting, information technology,
tax and compliance, in addition to serving as a key team member on
the Company's acquisition and divestiture team as well as leading
all capital markets activity in multiple equity and debt
financings.
Previously, he held executive leadership positions in finance
and operations with a variety of U.S. and Canadian companies, among
them Taseko Mines Limited, Vatterott Education Centers, Von
Hoffmann Corporation and Crown Packaging Ltd. He is currently
a member of the Board of Directors of Stabilis Energy, Inc and
Northcliff Resources Ltd where in both cases, he is also the Audit
Committee Chair. He earned a BA in Economics from
Western University and an MBA in
Finance from the University of British
Columbia.
"It is with pleasure I am announcing that Peter Mitchell has joined our Board, after
serving as Taseko's Chief Financial Officer from 2008 to 2013.
His finance background and capital markets experience further
bolster our already strong Board of Directors," continued Mr.
Hallbauer.
A total of 132,162,210 common shares were voted at the Annual
General Meeting, representing 53.7% 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
|
94.8%
|
Robert
Dickinson
|
94.8%
|
Russell
Hallbauer
|
95.5%
|
Peter
Mitchell
|
95.9%
|
Kenneth
Pickering
|
95.2%
|
Ronald
Thiessen
|
96.3%
|
Detailed voting results for the 2020 Annual General Meeting are
available on SEDAR at www.sedar.com.
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" 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