Taseko Announces Upsizing and Pricing of Senior Secured Notes Offering
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VANCOUVER, BC, Jan. 27, 2021 /PRNewswire/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ( Taseko ) today announced that it has upsized and priced an offering of US$400 million aggregate principal amount of Senior Secured Notes due 2026 (the Notes ), an upsize of US$75 million over the amount previously announced. Interest on the Notes will accrue at an annual rate of 7.0% payable semi-annually, and the Notes will be issued at par. The offering is expected to close on February 10, 2021, subject to customary closing conditions.
/PRNewswire/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko") today announced that it has commenced an offering of US$325 million.
Taseko Announces 2020 Financial & Operational Update
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VANCOUVER, BC, Jan. 11, 2021 /PRNewswire/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ( Taseko or the Company ) is pleased to provide an update on 2020 financial and operational performance.
Stuart McDonald, President of Taseko, commented, Given the volatility and challenges brought about by COVID-19 over the past year and the state of the global economy just nine months ago, we are very pleased with our 2020 financial results and optimistic about the year ahead. Adjusted EBITDA for 2020 is expected to be in the range of $105-110 million, up from $51 million in 2019. Gibraltar produced 123 million pounds of copper for the year and 2.3 million pounds of molybdenum. Looking ahead to 2021, we expect copper production of approximately 125 million pounds from Gibraltar.
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