With a two-to-three-year growth phase ahead of copper miner Taseko Mines, president Stuart McDonald believes it is an “exciting time” to be introducing the North America-focused company to new investors.
Speaking to Mining Weekly Online ahead of the company’s listing on the LSE main market in London this week, he said that the stability of its producing Gibraltar mine in British Columbia, Canada, and the near-term, low-cost growth from its Florence project, in Arizona, US, presented an “excellent investment opportunity”.
The listing on the LSE would broaden Taseko’s access to capital and its shareholder base with new institutional investors.
McDonald noted that raising mining finance in Canada had been challenging in the last few years, with fewer speciality resource industries in the country.
“We believe the listing [on the LSE] will provide Taseko with much greater exposure to UK- and Europe-based generalist investors and also supplement the trading of our common shares on both our existing North American listings,” he commented.
The UK Listing Authority has approved Taseko’s listing and its admission would become effective on Friday, under the ticker ‘LSE:TKO’.
The company is already listed on the TSX and the NYSE American.