Taseko Secures Listing with Symbol 'TGB' on the American Stock Exchange
Wednesday September 29, 10:00 am ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 29, 2004--Ronald W. Thiessen, President and CEO of Taseko Mines Limited (TSX Venture:TKO - News; AMEX:TGB - News), is pleased to announce that Taseko has received formal approval to list its common shares on the American Stock Exchange ("AMEX"). Amex has advised that the approval is contingent on Taseko being in compliance with all applicable listing standards on the date that it begins trading on the exchange, and may be rescinded if the Company is not in compliance with such standards. Effective October 4, 2004, the Company will be listed for trading on AMEX under the symbol "TGB". The Company will continue to trade on the TSX Venture Exchange under the symbol "TKO".
"Management and the Board of Directors of Taseko are pleased to have secured this new listing, as it will provide many interested investors in the United States with greater transparency about the activities of the Company as well as more convenience and readily accessible trading opportunities," said Mr. Thiessen. "This will be advantageous and timely, as the Company is currently re-establishing copper production at the Gibraltar mine."
Re-start activities at the Gibraltar mine, which is located near Williams Lake in south-central British Columbia, Canada, are nearing completion. The current plan is to extract 148 million tonnes of sulphide ore over 12 years, producing an average of 70 million pounds of copper and 980,000 pounds of molybdenum in concentrate annually, beginning this October. Oxide ore, when accessed, will also be processed by the 10 million pound per year solvent extraction-electrowinning plant to produce copper cathode. Substantial additional mineralized material has also been outlined to extend the life of the operation well beyond the current mine plan.
ON BEHALF OF THE BOARD OF DIRECTORS
Ronald W. Thiessen, President and CEO
No regulatory authority has approved or disapproved the information contained in this news release.
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Contact:
Taseko Mines Limited
Investor Services
(604) 684-6365 or Toll Free North America: 1-800-667-2114
Fax: (604) 684-8092
Website: www.tasekomines.com
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Source: Taseko Mines Limited
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