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Pin to quick picksTaseko Mines L. Share News (TKO)

Share Price Information for Taseko Mines L. (TKO)

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Share Price: 230.00
Bid: 220.00
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Change: -5.00 (-2.13%)
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Open: 235.00
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TRADING UPDATES: Berkeley Energia served writ; Equiniti takeover nears

Fri, 05th Nov 2021 14:35

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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Power Metal Resources PLC - exploration company seeking metal discoveries in the US, Australia and Africa - Completes uranium exploration project at Athabasca Basin in northern Saskatchewan, Canada. A total of 20 rock samples were collected, with all samples now submitted for rush-assay analysis. An additional 1,129-hectare land claim was staked to provide further coverage over several uranium-rich lakes surrounding the company's Tait Hill uranium property.

Chief Executive Paul Johnson comments: "We started this campaign several months ago with the initial staking of our land package surrounding the prolific Athabasca Basin located in Northern Saskatchewan, and continue to build our uranium exploration project portfolio there, as you will see with the new ground secured today. Field observations from Phase I exploration are encouraging and we look forward to the receipt of assay results."

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Ten Lifestyle Group PLC - London-based concierge platform - Wins second contract with DNB Bank ASA, the largest financial services group in Norway. The contract will see the group taking over the provision of concierge services to selected private banking customers from the incumbent supplier and launch its digital services in the spring. This is expected to double the size of its existing contract, Ten Lifestyle explains.

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East Imperial PLC - premium mixers maker - Names SUTL Group as company's exclusive distribution partner in Singapore. SUTL will supply East Imperial's entire range, including bottles and its newly launched can format, throughout Singapore. East Imperial claims to already be an established brand within Singapore with its mixers available across hotels and restaurants. "The appointment of SUTL is in line with East's Imperial's strategy to accelerate its growth in the off-trade market where distribution partners play an important role", the company says.

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Pennon Group PLC - Exeter-based water utility - Competition & Markets Authority will not refer merger inquiry into Pennon's acquisition of Bristol Water to a Phase 2 investigation under the provisions of the Enterprise Act 2002. Regulator is looking into whether the merger of the two firms is "likely to prejudice Ofwat's ability, in carrying out its functions, to make comparisons between water enterprises". The CMA says it is still considering whether to refer the merger for a Phase 2 investigation under the separate provisions of the Water Industry Act 1991.

Back in June, the UK CMA slapped Pennon with an initial enforcement order over the potential deal and vowed to examine whether the takeover would result in a "substantial lessening of competition". Pennon bought neighbour Bristol Water earlier in June for an equity value of GBP425 million and enterprise value, including debt, of GBP814 million.

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Taseko Mines Ltd - British Columbia, Canada-based copper producer - On Thursday reports third quarter revenue of CAD132.6 million or around USD106.7 million, 66% higher annually from CAD87.8 million. Adjusted earnings before interest, tax, depreciation and amortisation are CAD76.3 million, more than double CAD31.5 million a year prior. Notes it expects strong fourth quarter, with annual copper production forecast to be in line with the previous guidance at around 120 million pounds of copper. Taseko says Gibraltar pit in British Columbia started producing ore in third quarter, supplementing existing output. Says the copper price outlook into 2022 remains quite favourable with many governments now focusing on "increased infrastructure investment to stimulate economic recovery after the pandemic".

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Berkeley Energia Ltd - Hatfield, England-based investor in gas production and electricity generation projects - Served with a writ for proceedings in the Supreme Court of Victoria at the Melbourne Commercial Court. The move follows announcement on Tuesday that Berkeley had received a claim from Singapore Mining Acquisition Co Pte Ltd in relation to the investment agreement and convertible note entered into in 2017. The claim alleges that the principle amount of USD65 million of the convertible note is immediately payable by Berkeley due to allegations that the investment agreement and convertible note have been frustrated, repudiated and or an event of default has occurred. Berkeley disputes the allegations and claim made by Singapore Mining Acquisition and says it is currently seeking legal advice in relation to the matter. On Tuesday, trading in Berkeley's shares was halted on the Australian Securities Exchange after the company received the claim. Trading in the company's shares continue as normal on the London and Spanish exchanges.

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eve Sleep PLC - London-headquartered sleep wellness brand - Says a collection of six eve branded CBD drops in different flavours have gone live on its website. eve says it is also currently in discussions with a number of store based retailers which are interested in stocking the eve CBD oil range. Also extends its range of sleep gifting and wellness products in recent weeks, including its non-alcoholic plant based three spirit nightcap drink and a selection of rescue remedy products designed to aid sleep.

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Equiniti Group PLC - London-based financial administration outsourcer - Says New York State Department of Financial Services backs proposed takeover by technology-focused private equity firm Siris Capital. In May, Equiniti had agreed to be taken over by Siris in a deal worth GBP673 million. New-York based Siris has since been reviewing the state of the Equiniti business. Approval from the UK's Financial Conduct Authority for the takeover was received on Thursday.

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Nanoco Group PLC - Manchester-based quantum dots developer - Awarded third work package as part of contract with unnamed European electronics customer to upgrade its existing technology. Highlights that the contract upgrade will support its revenue expectations for financial year 2022, which are consistent with the GBP2.0 million of revenue generated the previous year. The revenue from the third work package will contribute to the group's performance in the first half of financial year 2022, Nanoco notes.

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SimiGon Ltd - Florida-based training and simulation technologies developer - Notes DD Goldstein Real Estates and Investment filed a claim against SimiGon in connection with its ongoing appeal. The appeal forms part of legal claims made by an investor at the Tel Aviv District Court. In January, DD Goldstein Real Estates filed two claims in the court, the first regarding salaries at SimiGon and the second related to the appointment of directors at the London-listed firm's annual general meeting in December. The real estate group purchased 1.5 million shares in SimiGon during 2019. SimiGon says it is studying the claim and will respond to court. The company maintains that it does not expect to take a financial hit from the claims.

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By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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17 May 2024 12:20

DIRECTOR DEALINGS: Fintel director, CEOs sell GBP11 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News:

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13 May 2024 13:11

IN BRIEF: Taseko Mines COO sells 25,000 shares after options exercise

Taseko Mines Ltd - operates open-pit Gibraltar copper mine in British Columbia, Canada - Chief Operating Officer Richard Tremblay exercises options for 25,000 shares at CAD0.69 each and sells all of them for CAD3.44, worth CAD86,075, about GBP50,168, on Tuesday last week.

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10 May 2024 13:13

DIRECTOR DEALINGS: StanChart exec sells shares; new Alphawave CFO buys

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News:

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2 May 2024 12:28

Taseko Mines adjusted first quarter profit up as Florence progresses

(Alliance News) - Taseko Mines Ltd on Thursday said its Florence Copper project in Arizona is progressing smoothly as it reported growth in adjusted profit despite a lower realised copper sales price.

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17 Apr 2024 10:24

IN BRIEF: Taseko Mines director sells 1.1 million shares in total

Taseko Mines Ltd - operates Gibraltar mine in British Columbia; it is the second largest open-pit copper mine in Canada - Director Robert Dickinson sells 640,960 shares at average CAD3.44, worth CAD2.2 million, about GBP1.3 million, on Monday and Tuesday in Toronto. Dickinson had sold 500,000 shares on Thursday last week. Additionally, Chief Executive Officer Stuart McDonald sells 125,000 shares at CAD3.52 on Friday and Monday, and Chief Financial Officer Bryce Hamming sells 25,000 shares at CAD3.39 on Tuesday, both after exercising options for the same number of shares at CAD0.69.

Read more
12 Apr 2024 10:10

IN BRIEF: Taseko Mines director sells GBP1 million in shares

Taseko Mines Ltd - operates Gibraltar mine in British Columbia; it is the second largest open-pit copper mine in Canada - Director Robert Dickinson sells 500,000 shares at CAD3.36, worth CAD1.7 million, about GBP977,592, on Thursday in Toronto. Taseko on Wednesday said it priced its offering of USD500 million in senior secured debt notes due 2030 with an annual coupon of 8.25%. The notes will be issued at par value. The new debt financing will be used to retire existing 2026 notes and to make capital expenditures on the Gibraltar mine and separate Florence copper project.

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25 Mar 2024 11:23

Taseko Mines fully buys Gibraltar mine in Canada for CAD117 million

(Alliance News) - Taseko Mines Ltd on Monday said it entered into a deal to buy remaining stake in the Gibraltar mine in British Columbia, Canada from Dowa Metals & Mining Co Ltd and Furukawa Co Ltd.

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8 Mar 2024 15:50

Taseko Mines optimistic for Arizona copper project as profit rises

(Alliance News) - Taseko Mines Ltd on Friday reported higher revenue, adjusted profit and an increase in sales from Gibraltar.

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17 Jan 2024 08:39

Taseko Mines inks USD50 million sale of 2% royalty to Taurus Mining

(Alliance News) - Taseko Mines Ltd on Tuesday said that its latest royalty agreement will support construction activities at the Florence copper project, which it claims could be a "major" supplier for the US copper cathode market.

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10 Jan 2024 14:13

IN BRIEF: Taseko hikes copper production in "strong finish" to year

Taseko Mines Ltd - North America-focused mining company - Says its Gibraltar mine produced 34 million pounds of copper and 369,000 pounds of molybdenum in the fourth quarter of 2023. Copper sales volumes reached 36 million pounds. Company says production was supported by strong 0.27% copper grades. Mill throughput averaged 83,000 tonnes per day and was affected by extra downtime needed for maintenance and monitoring. Taseko adds that for 2023, the mine produced 123 million pounds of copper, a 26% increase on production for 2022 and "well above previous guidance".

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20 Nov 2023 14:30

IN BRIEF: Taseko Mines promotes Operations vice president to COO

Taseko Mines Ltd - North America-focused mining company - Appoints Richard Tremblay as chief operating officer. Tremblay joined Taseko in 2014 as general manager of its Gibraltar copper-molybdenum mine in British Columbia, Canada. He was later promoted to senior vice president of Operations. Taseko says Tremblay "will continue to have responsibility for all of Taseko's operations and project development activities", and "has been instrumental in the development of the Florence Copper project". Company also hires Terry Morris as vice president of Operations.

Read more
6 Nov 2023 14:31

IN BRIEF: Taseko investors gain approval for extra Florence funding

Taseko Mines Ltd - North America-focused mining company - Says proceeds from project-level financings will in due course be available to its Florence Copper project in Arizona. Taurus Mining Royalty Fund LP has obtained investment committee approval for a USD50 million royalty, for 1.95% of gross revenue from all copper sales. Meanwhile Societe Generale SA has credit approval to provide Taseko with a USD50 million secured debt facility, which also contains a USD25 million uncommitted accordion feature, should Taseko need to increase it. News follows previously announced commitments from Mitsui & Co Ltd and Bank of America Corp.

Read more
2 Nov 2023 14:34

EARNINGS AND TRADING: Kanabo inks CBD deal, Taseko boosts production

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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4 Oct 2023 17:18

IN BRIEF: Taseko Mines sees jump in quarterly production at Gibraltar

Taseko Mines Ltd - North America-focused mining company - Produces 35 million pounds of copper and 369,000 pounds of molybdenum at the Gibraltar mine in the third quarter of 2023. Says the 25% quarter-on-quarter increase in copper production was a result of high grades, improved recoveries and increased mill throughput. Says the 60% quarter-on-quarter increase in molybdenum production was also due to higher grades, as well as mining progressing deeper into the Gibraltar pit. Explains that a port workers strike in July results in shipping delays and a build-up of copper concentrate inventory, resulting in third-quarter sales volumes lagging production by three million pounds. Notes this excess inventory is expected to be shipped and sold in the fourth quarter.

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14 Jul 2023 11:11

Taseko Mines increases revolving credit facility to USD80 million

(Alliance News) - Taseko Mines Ltd on Friday said it has increased its revolving credit facility to USD80 million, from USD50 million.

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