Arnold Dietrich

Arnold Dietrich from TD Securities inquired about the expected capital expenditures (CapEx) and stripping costs for the current year, and also sought clarification on the anticipated copper grade and throughput rates relative to the company's guidance.

Answer

Bryce Hamming (CFO, Taseko Mines) indicated that capitalized stripping would be slightly less than the CAD 80 million from the previous year, with sustaining CapEx primarily for additional tailings work. Stuart McDonald (CEO, Taseko Mines) and Richard Tremblay (COO, Taseko Mines) clarified that throughput is expected to be around design capacity (85,000 tonnes/day), but copper grades are being conservatively estimated at 5%-10% lower than the Connector pit's reserve grade of 0.25% due to the impact of smaller, high-grade zones not being fully realized.

Arnold Dietrich inquired about the expected capital expenditures (CapEx) and stripping costs for the current year, and how grade and throughput expectations relate to the company's guidance.

Answer

Bryce Hamming, CFO, stated that capitalized stripping would be slightly less than the CAD 80 million from the previous year, and sustaining CapEx would include additional tailings work. Stuart McDonald, CEO, added that throughput is expected to be around design capacity of 85,000 tons per day, while copper grades are anticipated to be 5%-10% lower than the 0.25% reserve grade in the Connector pit due to adjustments for smaller high-grade zones.