{"id":408899,"date":"2021-01-05T15:52:28","date_gmt":"2021-01-05T20:52:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=408899"},"modified":"2021-01-05T15:52:28","modified_gmt":"2021-01-05T20:52:28","slug":"taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\/","title":{"rendered":"Taseko Mines: Florence Copper Aquifer Protection Permit not Appealed by Town Council"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">VANCOUVER, BC<\/span>, <span class=\"xn-chron\">Jan. 5, 2021<\/span> \/PRNewswire\/ &#8211; Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) (&#8220;Taseko&#8221; or the &#8220;Company&#8221;) is pleased to announce that the Florence Town Council has decided it will not appeal the Aquifer Protection Permit (&#8220;APP&#8221;) which was recently granted by the Arizona Department of Environmental Quality (&#8220;ADEQ&#8221;).<\/p>\n<p>\n        <span class=\"xn-person\">Stuart McDonald<\/span>, President of Taseko, commented, &#8220;We are very pleased by this decision and believe this change in approach by Council signals a new beginning. Our expectation is that open and productive dialogue will result and that our future together is bright.&#8221;<\/p>\n<p>&#8220;We believe that two years of operating the test facility within the strict environmental guidelines set out in our current permits, combined with the future economic benefits from the commercial production facility, certainly contributed to Council&#8217;s decision. Transitioning <span class=\"xn-person\">Florence Copper<\/span> to commercial production, which includes expanding the current wellfield and SX\/EW plant, will mean an average of 85 million pounds of copper per year for 20 years beginning in late 2022,&#8221; concluded Mr. McDonald.<\/p>\n<p>\n        <b>Project Highlights<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Pre-tax net present value of <span class=\"xn-money\">US$920 million<\/span> at a 7.5% discount rate <\/li>\n<li>After-tax net present value of <span class=\"xn-money\">US$680 million<\/span> at a 7.5% discount rate <\/li>\n<li>IRR of 40% and a 2.3 year payback <\/li>\n<li>20 year mine life with average C1 cash costs of <span class=\"xn-money\">US$1.13<\/span> per pound <\/li>\n<li>At <span class=\"xn-money\">US$5,600<\/span> per ton of installed capacity, <span class=\"xn-person\">Florence Copper<\/span> is one of the lowest capital intensity copper projects in the world <\/li>\n<li>Reserves of 345 million tons grading 0.36% copper containing 2.5 billion pounds of copper<\/li>\n<\/ul>\n<p>The Florence Copper NI 43-101 technical report is available on <a href=\"http:\/\/www.sedar.com\" rel=\"nofollow\">www.sedar.com<\/a> or the Company&#8217;s website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3026893-1&amp;h=3007307920&amp;u=http%3A%2F%2Fwww.tasekomines.com%2F&amp;a=www.tasekomines.com\" rel=\"nofollow noopener noreferrer\">www.tasekomines.com<\/a>.\u00a0<\/p>\n<p>\n        <span class=\"xn-person\">Russell Hallbauer<\/span><br \/>\n        <br \/>\n        <i>Chief Executive Officer and Director<\/i>\n      <\/p>\n<p>No regulatory authority has approved or disapproved of the information contained in this news release.<\/p>\n<p>\n        <b>CAUTION REGARDING FORWARD-LOOKING INFORMATION <\/b>\n      <\/p>\n<p>This document contains &#8220;forward-looking statements&#8221; that were based on Taseko&#8217;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 &#8220;outlook&#8221;, &#8220;anticipate&#8221;, &#8220;project&#8221;, &#8220;target&#8221;, &#8220;believe&#8221;, &#8220;estimate&#8221;, &#8220;expect&#8221;, &#8220;intend&#8221;, &#8220;should&#8221; and similar expressions. <\/p>\n<p>Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company&#8217;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:<\/p>\n<ul type=\"disc\">\n<li>uncertainties about the effect of COVID-19 and the response of local, provincial, federal and international governments to the threat of COVID-19 on our operations (including our suppliers, customers, supply chain, employees and contractors) and economic conditions generally and in particular with respect to the demand for copper and other metals we produce; <\/li>\n<li>uncertainties and costs related to the Company&#8217;s exploration and development activities, such as those associated with continuity of mineralization or determining whether mineral resources or reserves exist on a property; <\/li>\n<li>uncertainties related to the accuracy of our estimates of mineral reserves, mineral resources, production rates and timing of production, future production and future cash and total costs of production and milling; <\/li>\n<li>uncertainties related to feasibility studies that provide estimates of expected or anticipated costs, expenditures and economic returns from a mining project; <\/li>\n<li>uncertainties related to the ability to obtain necessary licenses permits for development projects and project delays due to third party opposition; <\/li>\n<li>uncertainties related to unexpected judicial or regulatory proceedings; <\/li>\n<li>changes in, and the effects of, the laws, regulations and government policies affecting our exploration and development activities and mining operations, particularly laws, regulations and policies; <\/li>\n<li>changes in general economic conditions, the financial markets and in the demand and market price for copper, gold and other minerals and commodities, such as diesel fuel, 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; <\/li>\n<li>the effects of forward selling instruments to protect against fluctuations in copper prices and exchange rate movements and the risks of counterparty defaults, and mark to market risk; <\/li>\n<li>the risk of inadequate insurance or inability to obtain insurance to cover mining risks; <\/li>\n<li>the risk of loss of key employees; 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; <\/li>\n<li>environmental issues and liabilities associated with mining including processing and stock piling ore; and <\/li>\n<li>labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate mines, or environmental hazards, industrial accidents or other events or occurrences, including third party interference that interrupt the production of minerals in our mines. <\/li>\n<\/ul>\n<p>For further information on Taseko, investors should review the Company&#8217;s annual Form 40-F filing with the United States Securities and Exchange Commission <a href=\"http:\/\/www.sec.gov\" rel=\"nofollow\">www.sec.gov<\/a> and home jurisdiction filings that are available at <a href=\"http:\/\/www.sedar.com\" rel=\"nofollow\">www.sedar.com<\/a>, including the &#8220;Risk Factors&#8221; included in our Annual Information Form.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA38184&amp;sd=2021-01-05\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council-301201422.html\">http:\/\/www.prnewswire.com\/news-releases\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council-301201422.html<\/a><\/p>\n<p>SOURCE  Taseko Mines Limited<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=VA38184&amp;Transmission_Id=202101051549PR_NEWS_USPR_____VA38184&amp;DateId=20210105\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire VANCOUVER, BC, Jan. 5, 2021 \/PRNewswire\/ &#8211; Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) (&#8220;Taseko&#8221; or the &#8220;Company&#8221;) is pleased to announce that the Florence Town Council has decided it will not appeal the Aquifer Protection Permit (&#8220;APP&#8221;) which was recently granted by the Arizona Department of Environmental Quality (&#8220;ADEQ&#8221;). Stuart McDonald, President of Taseko, commented, &#8220;We are very pleased by this decision and believe this change in approach by Council signals a new beginning. Our expectation is that open and productive dialogue will result and that our future together is bright.&#8221; &#8220;We believe that two years of operating the test facility within the strict environmental guidelines set out in our current permits, combined with &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Taseko Mines: Florence Copper Aquifer Protection Permit not Appealed by Town Council&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-408899","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Taseko Mines: Florence Copper Aquifer Protection Permit not Appealed by Town Council - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taseko Mines: Florence Copper Aquifer Protection Permit not Appealed by Town Council - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VANCOUVER, BC, Jan. 5, 2021 \/PRNewswire\/ &#8211; Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) (&#8220;Taseko&#8221; or the &#8220;Company&#8221;) is pleased to announce that the Florence Town Council has decided it will not appeal the Aquifer Protection Permit (&#8220;APP&#8221;) which was recently granted by the Arizona Department of Environmental Quality (&#8220;ADEQ&#8221;). Stuart McDonald, President of Taseko, commented, &#8220;We are very pleased by this decision and believe this change in approach by Council signals a new beginning. Our expectation is that open and productive dialogue will result and that our future together is bright.&#8221; &#8220;We believe that two years of operating the test facility within the strict environmental guidelines set out in our current permits, combined with &hellip; Continue reading &quot;Taseko Mines: Florence Copper Aquifer Protection Permit not Appealed by Town Council&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-05T20:52:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA38184&amp;sd=2021-01-05\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Taseko Mines: Florence Copper Aquifer Protection Permit not Appealed by Town Council\",\"datePublished\":\"2021-01-05T20:52:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\\\/\"},\"wordCount\":844,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=VA38184&amp;sd=2021-01-05\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\\\/\",\"name\":\"Taseko Mines: Florence Copper Aquifer Protection Permit not Appealed by Town Council - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\/","og_locale":"en_US","og_type":"article","og_title":"Taseko Mines: Florence Copper Aquifer Protection Permit not Appealed by Town Council - Market Newsdesk","og_description":"PR Newswire VANCOUVER, BC, Jan. 5, 2021 \/PRNewswire\/ &#8211; Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) (&#8220;Taseko&#8221; or the &#8220;Company&#8221;) is pleased to announce that the Florence Town Council has decided it will not appeal the Aquifer Protection Permit (&#8220;APP&#8221;) which was recently granted by the Arizona Department of Environmental Quality (&#8220;ADEQ&#8221;). Stuart McDonald, President of Taseko, commented, &#8220;We are very pleased by this decision and believe this change in approach by Council signals a new beginning. Our expectation is that open and productive dialogue will result and that our future together is bright.&#8221; &#8220;We believe that two years of operating the test facility within the strict environmental guidelines set out in our current permits, combined with &hellip; Continue reading \"Taseko Mines: Florence Copper Aquifer Protection Permit not Appealed by Town Council\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-05T20:52:28+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA38184&amp;sd=2021-01-05","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Taseko Mines: Florence Copper Aquifer Protection Permit not Appealed by Town Council","datePublished":"2021-01-05T20:52:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\/"},"wordCount":844,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA38184&amp;sd=2021-01-05","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/taseko-mines-florence-copper-aquifer-protection-permit-not-appealed-by-town-council\/","name":"Taseko Mines: Florence Copper Aquifer Protection Permit not Appealed by Town Council - 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