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Taseko Mines looks to list in London by 2019-end

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Taseko Mines looks to list in London by 2019-end

Taseko Mines Ltd. intends to seek a listing on the London Stock Exchange's main market by the end of 2019, subject to regulatory approvals.

The Vancouver, British Columbia-headquartered company said Oct. 23 that the listing would raise its profile in global investment markets and broaden access to copper-focused institutional investors.

CEO Russell Hallbauer said, "Given the quality of our North American asset base, and the near-term development of Florence Copper that will transform Taseko into a multi-asset, low cost producer, we feel the timing is right to list on the LSE."

Taseko said it is not planning to raise capital in conjunction with the London listing, which will not affect the company's current listing on the Toronto Stock Exchange and the NYSE American exchange.

The company reported initial copper production at its Florence project in Arizona in April.

Taseko's 75%-owned Gibraltar project in British Columbia produced 125.2 million pounds of copper and 2.37 million pounds of molybdenum in 2018.