Taseko Mines (TGB) has released an update.
Taseko Mines Limited has successfully completed a $500 million offering of 8.250% Senior Secured Notes due in 2030, with plans to use part of the proceeds to redeem $400 million in existing notes maturing in 2026. The remaining funds will support capital expenditures, working capital, and general corporate activities, marking a strategic move to bolster financial flexibility as the company progresses with Florence Copper’s construction. The notes have not been registered under the U.S. Securities Act or Canadian securities laws, limiting their sale to qualified institutional buyers in the U.S. and certain non-U.S. persons in offshore transactions.
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