Operations at Gibraltar Mine Suspended
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VANCOUVER, BC, June 1, 2024 -- Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) ("Taseko" or the "Company") announced today that operations at the Company's Gibraltar Mine have been suspended.
Collective bargaining with Gibraltar's union representatives has been ongoing in recent weeks, and ended late yesterday without an agreement being reached. Gibraltar's unionized workforce informed the Company that they intended to take strike action as of midnight, May 31, 2024. The Company elected to systematically shut down mining and milling operations prior to the midnight deadline, and the mine is now on care and maintenance with only essential staff operating and maintaining critical systems.
The Company remains committed to the bargaining process and reaching a fair and equitable agreement.
Caution Regarding Forward-Looking Information
our ability to comply with the extensive governmental regulation to which our business is subject;
uncertainties related to First Nations claims and consultation issues;
uncertainties related to unexpected judicial or regulatory proceedings;
our dependence solely on our 87.5% interest in Gibraltar (as defined below) for revenues and operating cashflows;
our reliance upon key management and operating personnel;
the competitive environment in which we operate;
Investor enquiries: Brian Bergot, Vice President, Investor Relations, 778-373-4554; Media enquiries: Sean Magee, Vice President, Corporate Affairs, 778-373-4533
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