Taseko Mines Ltd Q1 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Matthew Vittorioso - Jefferies LLC, Research Division - Analyst : I can see that you guys are doing a lot of work to, obviously, to lower cost, defer some spending. Just curious if you can talk about whether you think Gibraltar can generate enough cash to cover its interest and expected CapEx. I know you said you thought it would be cash flow positive. But just want to be clear, are we talking about being able to cover fixed charges, interest and CapEx this year? And I understand that copper price is a big variable there. But I guess just for the sake of argument, if copper were to stay here today, do you guys think you could be -- do you think you could preserve the liquidity you have today at Gibraltar?

Question: Matthew Vittorioso - Jefferies LLC, Research Division - Analyst : Okay. Good to know. And then I guess, just on Florence and the financing there, I guess it's potentially 2 components. One, selling an interest in the project. And secondly, some sort of debt financing. I guess, given where some of your corporate debt trades today, that would imply a high cost of capital for corporate debt. Are you contemplating then project-level debt? And if there's any way to kind of quantify the 2 pieces, I guess, you still need to raise roughly the $200 million. Is that mostly a JV stake sale and maybe a small amount of debt? And then again, just where might that debt sit.