Taseko Mines Limited
#300 - 905 West Pender Street
Vancouver, BC, Canada
Toll Free: (800) 667-2114
Main Phone: (778) 373-4533
Facsimile: (778) 373-4534
Web Site: http://www.tasekomines.com
Direct: (778) 373-4545
Taseko Mines Limited (TSX: TKO, NYSE AMEX: TGB) is a British Columbia based mining company. Its main assets are the wholly-owned Gibraltar copper-molybdenum mine, the Prosperity gold-copper project, the Harmony gold project and the early stage Aley niobium project.
The Gibraltar copper-molybdenum mine, located in south-central British Columbia, is a 46,000 ton per day operation with a life of mine average annual production of 100 million pounds of copper and 1.1 million pounds of molybdenum. The mine is undergoing an expansion and modernization project which will increase annual copper production capacity to 115 million pounds by 2011. The current mine life is 26 years and there are additional resources that could significantly extend the mine life.
Prosperity is one of Canada's largest undeveloped gold-copper deposits. Prior to 2001, the Company had carried out extensive exploration, engineering, mine planning, environmental and socio-economic studies on Prosperity, which hosts a large porphyry gold-copper deposit amenable to large scale open pit mining. After reinitiating work on Prosperity in 2005, the Company focused on completing the feasibility study and advancing the environmental assessment. The feasibility study was completed in late 2007 and confirmed robust economics. On January 14th, Taseko Mines Limited received the environmental assessment certificate for Prosperity from the BC Provincial Ministry of Environment. The project is currently in the Federal environmental assessment review process. For the latest information on Prosperity, click here.
Taseko also owns the Harmony gold project, located on the west coast of BC, and the Aley niobium project, in northern BC, which provide longer-term opportunities for additional development.
The Taseko Advantage (numbers from Nov 2009)
Significant Cash flow at current metal prices
Planned 45% copper production increase over next 12 months
Diversifying into major gold producer
Over 16 million ounces of gold resources
8 million ounces of gold reserves
11 billion pounds of copper resources
6 billion poundsof copper reserves
Assets located in secure political jurisdiction
1 year chart of Copper, Gold and Molybdenum prices:
Taseko’s Executive Team
Russell Hallbauer, President and CEO
Mr. Hallbauer is a professional engineer with over 30 years of mining
experience. He has a strong background in copper mining, overseeing
operating joint ventures and revitalizing mines to profitability.
Ron Thiessen, Chairman
Mr. Thiessen is an accredited public accountant in Canada. For over 20 years,
he has concentrated on the development of venture capital financing for
emerging public and private companies. He is a corporate officer and director
of several publicly traded exploration and development companies.
John McManus, Senior Vice President, Operations
Mr. McManus is a professional engineer who has worked in the BC mining
industry for 25 years. He has extensive experience in mine operation, mine
engineering and environmental management.
Peter Mitchell, CFO
Mr. Mitchell is an accredited charter accountant in Canada. He has held
leadership finance roles in the mining industry, as well as other industrial
companies and more recently, in the for-profit education sector.
Brian Battison, Vice President, Corporate Affairs
Mr. Battison is a public affairs specialist with over 25 years of experience in
policy development, issue management and communication in both the private
and public sectors. He has been a senior political and policy advisor in BC and
has served as Interim President & CEO of the Mining Association of BC.
Scott Jones, Vice President, Engineering
Mr. Jones has over 25 years of experience in the mining industry. He has
experience in property valuations, mining feasibility studies and technical
engineering support as well as 10 years in open pit operations and exploration
in BC and the Yukon.
Kim Barrowman, General Manager, Mine Operations, Gibraltar
Mr. Barrowman is a mining engineer with 30 years of experience in all facets
of mine management
TGB is rated A- on the famous IBD. Not many stocks with price lower than $10 get rated this high.
Accumulation/Distribution (Acc/DisTM) Rating from investors.com : A - Heavy Buying
IBD Composite Ranking : 89 (An 89 rating means that the stock has outperformed 89% of all other stocks in terms of its combined SmartSelect Ratings.)
Market Capitalization 808.00 Million (est. on 12/28/2013)
Outstanding Shares 182.39M (est. on 12/28/2013)
Float 179M (est. on 12/28/2013)
Institutions holding shares: 67
Held By Institutions (MRQ): 15.79%
777 Dunsmuir Street
Vancouver, British Columbia
Canada V7Y 1K3
Barristers & Solicitors
1500-1055 West Georgia St.
Vancouver, British Columbia
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State Of Incorporation: BC
Jurisdiction Of Incorporation: CAN