Taseko Mines Ltd. has launched an offering of US$250 million aggregate principal amount of senior secured notes due 2022, it said May 30.

The proceeds, with cash on hand, will be used to redeem the company's outstanding 7.75% senior notes due 2019 and to prepay a secured loan facility, including accrued interest and associated prepayment costs.

According to Taseko, the pricing, interest rate and other terms of the notes are yet to be determined, based on market conditions and other factors.