Taseko Mines

• 1991 - Prosperity project acquired
• July 1999 - Gibraltar acquired from Boliden
• 2002 - Harmony acquired
• 2004 - Gibraltar reopened due to high copper prices
• 2007 - Aley acquired

The property includes 85 square km in south central British Columbia. A large copper and gold mineralization has been defined on the property containing around 5.3 billion lb copper and 13.3 million oz of gold. The feasibility for the mine was completed on September 25, 2007 and the environmental review process began in July 2008.

Operations: Large open-pit copper and gold mine with projected production of 108 million lb per year and 247,000 oz of gold per year for 20 years.

Cost: ~800 million{{clarify|date=December 2014}}

In 2009, proven reserves for the mine were 481 million tonnes 0.46 gram per tonne of gold and 0.26 per cent copper. Probable reserves were estimated at 350 million tonnes grading 0.35 gram per tonne of gold and 0.18 per cent of copper (based on a $5.50 net smelter return cut-off).Stockwatch news release November 2, 2009, cited in [http://minfile.gov.bc.ca/Summary.aspx?minfilno=092O++041 BC MINFILE Record summary No 092O 041 PROSPERITY, FISH LAKE, BB, VICCAL, ALBERT, RENNER, NEW PROSPERITY]

• 1991 - acquired by Taseko Mines
• Sep 25, 2007 - feasibility study completed for 70,000 tonnes per day with 20 year mine life
• July 2008 - Environmental assessment begins
• November 2010 - initial open-pit proposal rejected by Canadian Environmental Assessment Agency review board. Environment Minister Jim Prentice and the minority Tory government support the rejection.[http://www.torontosun.com/news/canada/2010/11/02/15925231.html Prentice kills Taseko's Prosperity mine - Sun Media, November 2, 2010]
• November 2011 - Taseko President Russell Hallbauer sends a letter to Environment Minister Peter Kent suggesting that the proposal was rejected for "spiritual" rather than environmental reasons.[https://vancouversun.com/technology/mining+company+wants+aboriginal+spirituality+ignored+project+review/6542880/story.html B.C. mining company wants aboriginal 'spirituality' ignored in project review - The Vancouver Sun, April 30, 2012]
• 2014 - Second rejection of mine by Harper government for environmental reasons
• January 2017 - Attempted revival of dead project that has no support from local First Nation

The Harmony property is located on Graham Island, the largest island of the Haida Gwaii archipelago, within the Queen Charlotte Islands, off the coast of British Columbia. The property contains a low-grade gold mineralization that can only be mined profitably at historically high gold prices. Teseko has yet to explore this property and values the property at $1 on its balance sheet as of September 2004.Teseko Mines Limited Annual report p45

Status: Exploration asset

Reserves:

• latest engineering study indicated 64 million tonnes at 1.52 grams per tonne. In place resources are ~3 million oz of gold.

Cost: No projects pending

projects pending: N/A

Timeline

• 1970's - property discovered
• October 2001 - property acquired for 2.23 million dollars and preferred stock
• September 30, 2004 - property value written down to nominal value of $1

The Aley asset contains Niobium, a rare metal used in the production of special steel alloys that are corrosion resistant. Currently only 2 mines in the world produce the rare metal.Niobium The spot price of this metal has risen significantly in the last 5 years, from has low as $6.70 per lb in 2004 to ~$24.00 currently [http://www.metalprices.com/FreeSite/metals/cb/cb.asp]. The property is located near the shore of the lake, about 30 kilometers from the Camp. The price of

Status: Exploration asset

Reserves: A feasibility study has not been completed thus-far. The resource estimates are 330-500 million lb with recoveries of which 65% may be recovered

Cost: N/A feasibility study not completed

Timeline

• 1980's – Discovered by Cominco
• June 2007 - Teseko acquires property for 1.5 million cash + ~894,730 common shares
• 2008 - Exploration of property begins

• Shares listed on the NYSE under the "TGB" symbol
• Taseko owns 7.318 million shares of Continental Mining, a Chinese mining company{{cite web |url=http://www.hdgold.com/kmk/Home.asp |title=Continental Minerals Corporation - Home Page - Fri May 9, 2008 |website=www.hdgold.com |access-date=12 January 2022 |archive-url=https://web.archive.org/web/20080509141736/http://www.hdgold.com/kmk/Home.asp |archive-date=9 May 2008 |url-status=dead}}

• [https://web.archive.org/web/20101231152349/http://www.tasekomines.com/i/pdf/TKO_Tribune_27Feb07_WeWantProsperity.pdf Prosperity Cost]
• [https://web.archive.org/web/20090223095703/http://tasekomines.com/tko/NewsReleases.asp?ReportID=309233&_Type=News-Releases&_Title=Taseko-Purchases-100-Million-in-Mining-and-Milling-Equipment 100 million equipment purchase]
• [https://web.archive.org/web/20090222184103/http://tasekomines.com/tko/NewsReleases.asp?ReportID=301338&_Type=News-Releases&_Title=Taseko-Proceeds-With-Phase-III-Expansion-At-Gibraltar-Mine Phase III expansion]
• [https://web.archive.org/web/20101231120217/http://www.tasekomines.com/i/tko/TKO_AR_2007.pdf 2007 Annual Report detailing all properties owned]
• [https://finance.yahoo.com/q?d=t&s=TGB Market Capitalization]
• [http://www.foxbusiness.com/story/markets/industries/industrials/taseko-announces-change-executive-team/ CFO resignation]{{Dead link|date=June 2018 |bot=InternetArchiveBot |fix-attempted=no }}

• {{official website|http://www.tasekomines.com/}}

Category:Companies listed on the Toronto Stock Exchange

Category:Chilcotin Country

Category:Mining in British Columbia