Taseko Mines Acquires 50 Million in Credit as Safety Net

While they aren’t struggling for cash, Taseko Mines will now have a new safety net if that ever changes.

The company owns four mines in BC, including the Aley and Gibraltar mines, and the proposed New Prosperity mine.

Yesterday, they secured a 50 million dollar Revolving Credit Facility from the National Bank of Canada.

According to Taseko, they are not strapped for cash, and do not intend to draw from the new account soon.

Currently, the company is working through the process of constructing an Arizona-based project, but they say that can be fully funded by existing operations.