6-K
Trekor Metals Ltd (TGB)
UNITEDSTATESSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM6-K
REPORTOF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2021
Commission File Number: 001-31965
TasekoMines Limited
(Translation of registrant's name into English)
12thFloor - 1040 West Georgia St., Vancouver, BC, V6E 4H1
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
[ ] Form 20-F [ x ] Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTEDHEREWITH
Exhibits
| 99.1 | News Release - October 12, 2021 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Taseko Mines Limited | ||
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| (Registrant) | ||
| Date: October 12, 2021 | By: | /s/ Stuart McDonald |
| Stuart McDonald | ||
| Title: | President |
Exhibit 99.1
TASEKOREPORTS SIGNIFICANT INCREASE IN QUARTERLY COPPER PRODUCTION
October 12, 2021, Vancouver, BC– Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB; LSE: TKO) (“Taseko” or the "Company") is pleased to announce the Gibraltar Mine produced 34.5 million pounds of copper and 600 thousand pounds of molybdenum in the third quarter, increases of 29% and 50%, respectively, over the second quarter.
Stuart McDonald, President and CEO, commented, “Gibraltar had another solid operational quarter, with improved copper grades and recoveries resulting in production that was on target and in line with guidance. The mine is well positioned for the year ahead as mining operations are smoothly transitioning into the Gibraltar pit, where grade is meeting expectations and the mills are efficiently processing the new ore.”
“We are currently mobilizing a drill crew at Gibraltar to continue the site-wide exploration program that started in spring 2021. A deep-penetrating geophysics survey has identified a number of anomalies outside Gibraltar’s current resources and the drill program will further test those areas with the eventual goal of increasing Gibraltar’s already large resource base,” continued Mr. McDonald.
“The average LME copper price of US$4.25 per pound in the third quarter, combined with increased production volumes and declining unit costs, will translate directly to improved financial performance this quarter. And our growing cash balance along with the recently closed US$50 million Revolving Credit Facility puts us in a strong position to move into construction of the Florence Copper Project upon completion of the permitting process,” concluded Mr. McDonald.
For further information on Taseko, please visit the Taseko website at www.tasekomines.com or contact:
Brian Bergot, Vice President, Investor Relations - 778-373-4533 or toll free 1-877-441-4533
Stuart McDonald
President and CEO
No regulatory authority has approved or disapproved of the information contained in this news release.
Note: Taseko’s 75% owned Gibraltar Mine is located north of the City of Williams Lake in south-central British Columbia. Production volumes stated in this release are on a 100% basis unless otherwise indicated.
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:
| · | uncertainties<br>about the effect of COVID-19 and the response of local, provincial, federal and international governments to the threat of COVID-19 on<br>our operations (including our suppliers, customers, supply chain, employees and contractors) and economic conditions generally and in<br>particular with respect to the demand for copper and other metals we produce; |
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| · | uncertainties<br>and costs related to the Company’s exploration and development activities, such as those associated with continuity of mineralization<br>or determining whether mineral resources or reserves exist on a property; |
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| · | uncertainties<br>related to the accuracy of our estimates of mineral reserves, mineral resources, production rates and timing of production, future production<br>and future cash and total costs of production and milling; |
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| · | uncertainties<br>related to feasibility studies that provide estimates of expected or anticipated costs, expenditures and economic returns from a mining<br>project; |
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| · | uncertainties<br>related to the ability to obtain necessary licenses permits for development projects and project delays due to third party opposition; |
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| · | uncertainties<br>related to unexpected judicial or regulatory proceedings; |
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| · | changes<br>in, and the effects of, the laws, regulations and government policies affecting our exploration and development activities and mining<br>operations, particularly laws, regulations and policies; |
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| · | changes<br>in general economic conditions, the financial markets and in the demand and market price for copper, gold and other minerals and commodities,<br>such as diesel fuel, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly<br>with respect to the value of the U.S. dollar and Canadian dollar, and the continued availability of capital and financing; |
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| · | the effects<br>of forward selling instruments to protect against fluctuations in copper prices and exchange rate movements and the risks of counterparty<br>defaults, and mark to market risk; |
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| · | the risk<br>of inadequate insurance or inability to obtain insurance to cover mining risks; |
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| · | the risk<br>of loss of key employees; the risk of changes in accounting policies and methods we use to report our financial condition, including uncertainties<br>associated with critical accounting assumptions and estimates; |
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| · | environmental<br>issues and liabilities associated with mining including processing and stock piling ore; and |
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| · | labour strikes,<br>work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate mines, or environmental<br>hazards, industrial accidents or other events or occurrences, including third party interference that interrupt the production of minerals<br>in our mines. |
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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.