Exhibit 99.1
Taseko Mines: Labour
Agreement Ratified at Gibraltar Mine
June 19, 2024, Vancouver, BC - Taseko
Mines Limited (TSX: TKO; NYSE MKT: TGB; LSE: TKO) ("Taseko" or the "Company") announced today that the union representing
workers at its Gibraltar Mine has now ratified the previously announced tentative agreement. The new agreement will be in place until
May 31, 2027.
Gibraltar workers have been recalled
and mining operations and milling in concentrator #2 are restarting today. Concentrator #1 will remain idle while the crusher relocation
project and other scheduled maintenance is being completed.
For further information on Taseko, see
the Company’s website at xxx.xxxxxxxxxxx.xxx or contact:
Investor enquiries
Xxxxx Xxxxxx, Vice President, Investor Relations - 000-000-0000
Media enquiries:
Xxxx Xxxxx, Vice President, Corporate Affairs - 778-373-4533
Xxxxxx XxXxxxxx
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 Xxxxxx’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 about the future market price of copper and the other metals that we produce or may seek
to produce; |
| • | changes in general economic conditions, the financial markets, inflation and interest rates and in the
demand and market price for our input costs, such as diesel fuel, reagents, steel, concrete, electricity and other forms of energy, mining
equipment, and fluctuations in exchange rates, particularly with respect to the value of the U.S. dollar and Canadian dollar, and the
continued availability of capital and financing; |
| • | uncertainties resulting from the war in Ukraine, and the accompanying international response including
economic sanctions levied against Russia, which has disrupted the global economy, created increased volatility in commodity markets (including
oil and gas prices), and disrupted international trade and financial markets, all of which have an ongoing and uncertain effect on global
economics, supply chains, availability of materials and equipment and execution timelines for project development; |
| • | uncertainties about the continuing impact of the novel coronavirus (“COVID-19”) and the response
of local, provincial, state, federal and international governments to the ongoing threat of COVID-19, on our operations (including our
suppliers, customers, supply chains, employees and contractors) and economic conditions generally including rising inflation levels and
in particular with respect to the demand for copper and other metals we produce; |
| • | inherent risks associated with mining operations, including our current mining operations at Gibraltar,
and their potential impact on our ability to achieve our production estimates; |
| • | uncertainties as to our ability to control our operating costs, including inflationary cost pressures
at Gibraltar without impacting our planned copper production; |
| • | the risk of inadequate insurance or inability to obtain insurance to cover material mining or operational
risks; |
| • | uncertainties related to the feasibility study for Xxxxxxxx copper project (the “Xxxxxxxx Copper
Project” or “Xxxxxxxx Copper”) that provides estimates of expected or anticipated capital and operating costs, expenditures
and economic returns from this mining project, including the impact of inflation on the estimated costs related to the construction of
the Xxxxxxxx Copper Project and our other development projects; |
| • | the risk that the results from our operations of the Xxxxxxxx Copper production test facility (“PTF”)
and ongoing engineering work including updated capital and operating costs will negatively impact our estimates for current projected
economics for commercial operations at Xxxxxxxx Copper; |
| • | uncertainties related to the accuracy of our estimates of Mineral Reserves (as defined below), Mineral
Resources (as defined below), production rates and timing of production, future production and future cash and total costs of production
and milling; |
| • | the risk that we may not be able to expand or replace reserves as our existing mineral reserves are mined; |
| • | the availability of, and uncertainties relating to the development of, additional financing and infrastructure
necessary for the advancement of our development projects, including with respect to our ability to obtain any remaining construction
financing potentially needed to move forward with commercial operations at Xxxxxxxx Copper; |
| • | our ability to comply with the extensive governmental regulation to which our business is subject; |
| • | uncertainties related to our ability to obtain necessary title, licenses and permits for our development
projects and project delays due to third party opposition; |
| • | our ability to deploy strategic capital and award
key contracts to assist with protecting the Xxxxxxxx Copper project execution plan, mitigating inflation risk and the potential impact
of supply chain disruptions on our construction schedule and ensuring a smooth transition into construction; |
| • | uncertainties related to First Nations claims
and consultation issues; |
| • | our reliance on rail transportation and port terminals
for shipping our copper concentrate production from Gibraltar; |
| • | uncertainties related to unexpected judicial or regulatory proceedings; |
| • | changes in, and the effects of, the laws, regulations and government policies affecting our exploration
and development activities and mining operations and mine closure and bonding requirements; |
| • | our dependence solely on our 87.5% interest in Gibraltar (as defined below) for revenues and operating
cashflows; |
| • | our ability to collect payments from customers, extend existing concentrate off-take agreements or enter
into new agreements; |
| • | environmental issues and liabilities associated with mining including processing and stock piling ore; |
| • | labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour
in markets in which we operate our mine, industrial accidents, equipment failure or other events or occurrences, including third party
interference that interrupt the production of minerals in our mine; |
| • | environmental hazards and risks associated with climate change, including the potential for damage to
infrastructure and stoppages of operations due to forest fires, flooding, drought, or other natural events in the vicinity of our operations; |
| • | litigation risks and the inherent uncertainty of litigation, including litigation to which Florence Copper
could be subject to; |
| • | our actual costs of reclamation and mine closure may exceed our current estimates of these liabilities; |
| • | our ability to meet the financial reclamation security requirements for the Gibraltar mine and Xxxxxxxx
Project; |
| • | the capital intensive nature of our business both to sustain current mining operations and to develop
any new projects, including Xxxxxxxx Copper; |
| • | our reliance upon key management and operating personnel; |
| • | the competitive environment in which we operate; |
| • | the effects of forward selling instruments to protect against fluctuations in copper prices, foreign exchange,
interest rates or input costs such as fuel; |
| • | the risk of changes in accounting policies and methods we use to report our financial condition, including
uncertainties associated with critical accounting assumptions and estimates; and Management Discussion and Analysis (“MD&A”),
quarterly reports and material change reports filed with and furnished to securities regulators, and those risks which are discussed under
the heading “Risk Factors”. |
For further information
on Taseko, investors should review the Company’s annual Form 40-F filing with the United States Securities and Exchange Commission
xxx.xxx.xxx and home jurisdiction filings that are available at xxx.xxxxxxxxx.xx, including the “Risk Factors” included in
our Annual Information Form.
