Base metals miner Taseko Mines has completed an offering of $250-million principal amount of 8.75% senior secured notes due 2022, which it used with a portion of its existing cash balance, to fund the redemption of its senior notes due 2019 and to repay its senior secured credit facility and the related copper call option.
“Our balance sheet is much stronger today and provides the company with the security and flexibility to manage our operations at Gibraltar and continue to advance our pipeline of projects,” president and CEO Russell Hallbauer said.
