Taseko Announces Quarterly Copper Production



    VANCOUVER, April 6 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE Amex:  
TGB) ("Taseko" or the "Company") is pleased to provide the following update on
production results for the first quarter 2009.

    
                        Q1 2009 Production Highlights
    -------------------------------------------------------------------------
                                               January    February     March
    -------------------------------------------------------------------------
    Copper Grade                                0.350%     0.352%     0.403%
    -------------------------------------------------------------------------
    Average Tons Per Day Milled (thousands)       35.5       39.3     39.3(1)
    -------------------------------------------------------------------------
    Copper Recovery                              81.6%      82.2%      83.3%
    -------------------------------------------------------------------------
    Copper Production (millions lbs)               6.4        6.2        7.3
    -------------------------------------------------------------------------
    Molybdenum (thousands lbs)                      75         57         55
    -------------------------------------------------------------------------
    (1) Excludes 3.5 days of scheduled maintenance shutdown.
    

    During the first quarter of 2009, the Gibraltar Mine produced nearly 20
million pounds of copper and 187 thousand pounds of molybdenum, representing a
70% increase to copper production over the same period in 2008. These
quarterly production figures are in line with annual production guidance of 80
million pounds of copper and 800 thousand pounds of molybdenum.
    Russell Hallbauer, President and CEO of Taseko stated, "Over the past two
years we have invested $250 million into the Gibraltar Mine to increase
production and reduce operating costs. The results we are now reporting are
validating the importance of these initiatives. First quarter production and
our low cost structure combined with a strengthened copper price will provide
healthy margins and cash flow.
    In only three months the price of copper, as quoted on the London Metal
Exchange, has risen from a low of US$1.26/lb in late December to nearly
US$1.90/lb today. At the same time, after major cost reduction initiatives our
total cash costs have dropped to approximately US$1.15/lb for the first
quarter."
    Mr. Hallbauer continued, "The dramatic rebound in copper prices is
encouraging and has allowed us to recommence work on our Phase II expansion,
however, given the general uncertainty in the global economy, we will remain
extremely cautious as we proceed with our capital spending to ensure we
maintain sufficient working capital lines. As market conditions stabilize, we
expect to complete the necessary work to increase the Gibraltar concentrator
capacity to 55,000 tons per day, or 115 million pounds of annual copper
production."

    
    Russell Hallbauer
    President and CEO

    No regulatory authority has approved or disapproved
    of the information in this news release.

    Forward-Looking Statements
    

    This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address future production, reserve
potential, exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking statements. Although
the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include capital market conditions, commodities market prices,
exploitation and exploration successes, lack of continuity of mineralization,
completion of the mill upgrade on time estimated and at scheduled cost,
continued availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such statements are
not guarantees of future performance and that actual results or developments
may differ materially from those projected in the forward-looking statements.
For more information on the Company, Investors should review the Company's
annual Form 40-F filing with the United States Securities and Exchange
Commission or the Company's home jurisdiction filings at www.sedar.com.





For further information:

For further information: Brian Bergot, Investor Relations, (778)
373-4545, toll free 1-800-667-2114


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