Business
Taseko sets the record straight for shareholders and addresses dissident bondholder's PR tactics
Taseko sets the record straight for shareholders and addresses dissident bondholder's PR t...
About this update from Taseko Mines Limited
[{"type":"text","content":"\n\n\n\nTaseko sets the record straight for shareholders and addresses dissident bondholder's PR tactics\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nTaseko sets the record straight for shareholders and addresses dissident bondholder's PR tactics\nCanada NewsWire\nVANCOUVER, March 8, 2016\n\n\n\nVANCOUVER, March 8, 2016 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) (\"Taseko\" or the \"Company\") today set the record straight for shareholders regarding its recent accomplishments. Taseko also addressed the public relations tactics of a conflicted dissident bondholder, Raging River Capital LP (\"RRC\").\n\nTaseko cautions shareholders not to be misled by RRC. As Taseko shareholders become better informed, Taseko is confident that they will join the growing numbers who support the current Board's strategy and oppose RRC's dissident nominees.\n\nTaseko's Approach: Delivering Benefits for Shareholders\n\nWhile RRC has engaged in a costly dissident campaign to initiate an agenda of asset divestitures, Taseko has been delivering concrete benefits for all investors, including:\n\n\nEarning the John Ash award for making the Gibraltar mine the safest mine in British Columbia in 2015. This is the second year in a row that Gibraltar has received this award from the BC government. It recognizes the mines with at least one million worker hours and the lowest lost-time accident frequency. Gibraltar lost no time to accidents in 2015 and 2014, a reflection of the high standards set by Taseko, its Board and its employees. The BC government publicly announced the award yesterday. \nAchieving strong financial and operating performance for fiscal 2015, with cash flows from operations increasing to $52 million, despite a challenging business environment and significantly lower copper pricing; \nPlaying an integral role in the BC mining industry's negotiations of a five-year power rate deferral program announced by the government of BC; \nCompleting a US$70 million Senior Secured Credit Facility Agreement to strengthen Taseko's balance sheet in a time of extremely challenging finan...