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Taseko Announces New, Long-term Labour Agreement at Gibraltar, Updates Status of Gibraltar Mine Shipments


VANCOUVER, BC, Nov. 29, 2021 /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce that its unionized workforce at the Gibraltar Mine has ratified a new, long-term labour agreement. The new agreement will be in place until May 31, 2024.

Stuart McDonald, President and CEO, commented, "We would like to thank all parties involved for their hard work and commitment to the collective bargaining process. We believe the agreement reached this month will set the stage for successful operations at Gibraltar for years to come, with resulting benefits for all Taseko stakeholders, including our employees and the people and communities of the Cariboo region."

Mr. McDonald continued, "Recent flooding in southern British Columbia has not had any impact on production at the Gibraltar Mine, but damage to rail and highway infrastructure has prevented transportation of copper concentrate to the Port of Vancouver over the last two weeks. Rail service is now resuming and is expected to gradually return to normal, but the recent disruptions will impact fourth quarter sales volumes which could be significantly lower than copper production for the period. Any excess concentrate inventory at year-end will be sold in the first quarter of 2022."

Stuart McDonald
President and CEO

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:

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.

SOURCE Taseko Mines Limited


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News published on 29 november 2021 at 19:08 and distributed by: