On October 16, 2025, Taseko Mines Limited announced a bought‑deal equity offering that will sell 37,100,000 common shares at a price of US$4.05 per share, generating gross proceeds of US$150,255,000.
The company will use the net proceeds to repay outstanding indebtedness under its revolving credit facility and for general corporate and working‑capital purposes, thereby strengthening its balance sheet and supporting future growth initiatives.
The offering is expected to close on or about October 22, 2025, and the underwriters have an option to purchase up to an additional 15% of the offering to cover any over‑allotments. BMO Capital Markets and Canaccord Genuity Corp. are the co‑lead managers, with National Bank Financial Inc. as joint bookrunner.
This financing move provides Taseko with a significant capital infusion that can be deployed to reduce debt, fund operational expansion—particularly at the Florence Copper project—and enhance shareholder value through a stronger financial position.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.