VANCOUVER, BC, May 30, 2022 /PRNewswire/ – Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) (“Taseko” or the “Company”) has revealed its annual Environment, Social & Governance (“ESG”) Report, offering detailed details about the Company’s 2021 efficiency and outcomes in opposition to essentially the most crucial ESG matters and metrics for the worldwide mining sector.
Stuart McDonald, President & CEO of Taseko, commented, “Taseko’s annual ESG Report provides our many stakeholders – employees, local communities, governments, business partners and investors – with clear information about our performance on key sustainability topics. We believe we have a great story to tell.
Taseko is a growing and responsible producer of copper and other metals required to facilitate the global transition to a low-carbon future. With our North America-based operations, we hold ourselves to a high standard for operational excellence, for environmentally sound and socially responsible mining, for safe and healthy workplaces, and for sharing the economic benefits of our work.”
Mr. McDonald famous, “Taseko’s focus on operational excellence translates into best-in-class ESG performance in key measures, such as energy efficiency, greenhouse gas (GHG) intensity, health and safety, and more.”
For the primary time, within the 2021 ESG Report Taseko has established lengthy-time period objectives within the areas of vitality administration, water administration, reclamation and biodiversity. In addition, the Company is reporting in opposition to the Sustainability Accounting Standards Board (SASB) framework, offering constant and comparable ESG metrics particular to the worldwide mining sector.
Taseko Mines’ 2021 ESG highlights embody:
- Recognition by the Province of British Columbia for excellence in well being and security (the sixth time in eight years that Gibraltar Mine has gained the distinguished John Ash Safety Award for the bottom frequency of misplaced-time accidents amongst main open-pit mines in BC).
- Achieved a brand new lengthy-time period labour settlement with the Company’s unionized workforce at Gibraltar.
- Completion of a land swap at Florence Copper to guard centuries-outdated archeological options related to the Hohokam tradition.
- Ongoing engagement and partnership improvement with Indigenous teams with respect to Gibraltar Mine and the Yellowhead and Aley initiatives in British Columbia, and Florence Copper in Arizona.
- Continued allowing and engineering progress at Florence Copper, which, with its progressive mining methodology, is poised to grow to be one of many lowest greenhouse fuel depth copper operations on this planet.
- Taseko’s 2021 Environmental, Social, and Governance Report is accessible at tasekomines.com/esg.
Stuart McDonald
President and CEO
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This doc incorporates “forward-looking statements” that had been primarily based on Taseko’s expectations, estimates and projections as of the dates as of which these statements had been made. Generally, these ahead-wanting statements may be recognized by means of ahead-wanting terminology similar to “outlook”, “anticipate”, “project”, “target”, “believe”, “estimate”, “expect”, “intend”, “should” and related expressions.
Forward-looking statements are topic to identified and unknown dangers, uncertainties and different elements which will trigger the Company’s precise outcomes, degree of exercise, efficiency or achievements to be materially completely different from these expressed or implied by such ahead-wanting statements. These included however aren’t restricted to:
- uncertainties concerning the future market value of copper and the opposite metals that we produce or might search to supply;
- modifications typically financial circumstances, the monetary markets, inflation and rates of interest and within the demand and market value for our enter prices, similar to diesel gasoline, reagents, metal, concrete, electrical energy and different types of vitality, mining gear, and fluctuations in trade charges, significantly with respect to the worth of the U.S. greenback and Canadian greenback, and the continued availability of capital and financing;
- uncertainties ensuing from the struggle in Ukraine, and the accompanying worldwide response together with financial sanctions levied in opposition to Russia, which has disrupted the worldwide financial system, created elevated volatility in commodity markets (together with oil and fuel costs), and disrupted worldwide commerce and monetary markets, all of which have an ongoing and unsure impact on international economics, provide chains, availability of supplies and gear and execution timelines for mission improvement;
- uncertainties concerning the persevering with influence of the novel coronavirus (“COVID-19”) and the response of native, provincial, state, federal and worldwide governments to the continuing risk of COVID-19, on our operations (together with our suppliers, clients, provide chains, staff and contractors) and financial circumstances usually together with rising inflation ranges and specifically with respect to the demand for copper and different metals we produce;
- inherent dangers related to mining operations, together with our present mining operations at Gibraltar, and their potential influence on our capability to attain our manufacturing estimates;
- uncertainties as to our capability to regulate our working prices, together with inflationary value pressures at Gibraltar with out impacting our deliberate copper manufacturing;
- the danger of insufficient insurance coverage or incapacity to acquire insurance coverage to cowl materials mining or operational dangers;
- uncertainties associated to the feasibility research for Florence copper mission (the “Florence Copper Project” or “Florence Copper”) that gives estimates of anticipated or anticipated capital and working prices, expenditures and financial returns from this mining mission, together with the influence of inflation on the estimated prices associated to the development of the Florence Copper Project and our different improvement initiatives;
- the danger that the outcomes from our operations of the Florence Copper manufacturing check facility (“PTF”) and ongoing engineering work together with up to date capital and working prices will negatively influence our estimates for present projected economics for industrial operations at Florence Copper;
- uncertainties associated to the accuracy of our estimates of Mineral Reserves (as outlined under), Mineral Resources (as outlined under), manufacturing charges and timing of manufacturing, future manufacturing and future money and whole prices of manufacturing and milling;
- the danger that we might not have the ability to broaden or exchange reserves as our current mineral reserves are mined;
- the supply of, and uncertainties referring to the event of, extra financing and infrastructure crucial for the development of our improvement initiatives, together with with respect to our capability to acquire any remaining development financing probably wanted to maneuver ahead with industrial operations at Florence Copper;
- our capability to adjust to the intensive governmental regulation to which our enterprise is topic;
- uncertainties associated to our capability to acquire crucial title, licenses and permits for our improvement initiatives and mission delays because of third celebration opposition, significantly in respect to Florence Copper that requires one key regulatory allow from the U.S. Environmental Protection Agency (“EPA”) as a way to advance to industrial operations;
- our capability to deploy strategic capital and award key contracts to help with defending the Florence Copper mission execution plan, mitigating inflation threat and the potential influence of provide chain disruptions on our development schedule and guaranteeing a clean transition into development as soon as the ultimate allow is acquired from the EPA;
- uncertainties associated to First Nations claims and session points;
- our reliance on rail transportation and port terminals for delivery our copper focus manufacturing from Gibraltar;
- uncertainties associated to sudden judicial or regulatory proceedings;
- modifications in, and the results of, the legal guidelines, laws and authorities insurance policies affecting our exploration and improvement actions and mining operations and mine closure and bonding necessities;
- our dependence solely on our 75% curiosity in Gibraltar (as outlined under) for revenues and working cashflows;
- our capability to gather funds from clients, prolong current focus off-take agreements or enter into new agreements;
- environmental points and liabilities related to mining together with processing and inventory piling ore;
- labour strikes, work stoppages, or different interruptions to, or difficulties in, the employment of labour in markets wherein we function our mine, industrial accidents, gear failure or different occasions or occurrences, together with third celebration interference that interrupt the manufacturing of minerals in our mine;
- environmental hazards and dangers related to local weather change, together with the potential for harm to infrastructure and stoppages of operations because of forest fires, flooding, drought, or different pure occasions within the neighborhood of our operations;
- litigation dangers and the inherent uncertainty of litigation, together with litigation to which Florence Copper may very well be topic to;
- our precise prices of reclamation and mine closure might exceed our present estimates of those liabilities;
- our capability to satisfy the monetary reclamation safety necessities for the Gibraltar mine and Florence Project;
- the capital intensive nature of our enterprise each to maintain present mining operations and to develop any new initiatives, together with Florence Copper;
- our reliance upon key administration and working personnel;
- the aggressive surroundings wherein we function;
- the results of ahead promoting devices to guard in opposition to fluctuations in copper costs, overseas trade, rates of interest or enter prices similar to gasoline;
- the danger of modifications in accounting insurance policies and strategies we use to report our monetary situation, together with uncertainties related to crucial accounting assumptions and estimates; and Management Discussion and Analysis (“MD&A”), quarterly experiences and materials change experiences filed with and furnished to securities regulators, and people dangers that are mentioned below the heading “Risk Factors”.
For additional data on Taseko, buyers ought to overview the Company’s annual Form 40-F submitting with the United States Securities and Exchange Commission www.sec.gov and residential jurisdiction filings which can be obtainable at www.sedar.com, together with the “Risk Factors” included in our Annual Information Form.
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SOURCE Taseko Mines Limited