Taseko Ensures Minimum Revenue Stream For The Next 18 Months

Taseko Mines Limited

has purchased put options on approximately 90% of the Company's 2012 copper production, which ensures a minimum selling price of US$3.50 per pound. The puts were financed by selling funded calls at an average strike of US$5.07 per pound at a cost of US$0.10 per pound. Russell Hallbauer, President and CEO of Taseko, stated; "This hedge transaction was implemented to mitigate margin risk, as we have seen ongoing volatility in commodity prices over the past six months causing heightened concerns on copper price stability. The 2012 put options, combined with the remaining 2011 put options, guarantees the Company's revenue stream for the next 18 months. This security allows us to bridge into Taseko's roster of future opportunities without the risk associated with a significant reduction in copper prices."