Taseko Mines Ltd Q3 2020 Earnings Call Transcript

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

Question: Nicholas Jarmoszuk - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : I just wanted to get a little better understanding on the grades. So you're moving to the Pollyanna pit. Can you talk about what the low and high grades are through the pit? And what sort of variation there is in this -- in the ore body? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 27, 2020 / 3:00PM, TKO.TO - Q3 2020 Taseko Mines Ltd Earnings Call

Question: Nicholas Jarmoszuk - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : And then on a quarterly basis, should we assume that it should be in the sort of 0.24 range on a -- just -- as the ore gets processed?

Question: Nicholas Jarmoszuk - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Okay. And then it seems like you've got 3 major things that need to be addressed. First one is permitting. You have the JV, and you've got the nearing maturity of the 2022 notes. Are those items able to occur independently? Or is everything hinged upon getting the permitting, so you can get a JV, so you can refinance the notes?

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : A question about the $9 million credit facility. Can you tell me what the terms of this facility are? And also, how does it rank relative to the first lien bonds? Is it ahead of these bonds or on like a pari passu on equal to these bonds?

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : Yes, exactly. And so what is the -- what are the terms on this facility in terms of the cost?

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : Yes. Okay. That makes sense.

Question: Benjamin James Davis - Liberum Capital Limited, Research Division - Analyst : Just a quick one on Florence. I was just wondering what's happening at the test facility there. I think the last we heard it was going through a rinse phase. How long will that take? And are you planning doing any ramping that back up on another -- on another set of boreholes? Or is there anything else that can kind of prove up the efficacy of the in situ model? What are the plans?

Question: Benjamin James Davis - Liberum Capital Limited, Research Division - Analyst : Okay. Okay. Great. Actually, just as a left field one, I was just wondering if anyone had any fair color on molybdenum prices at this point. I mean, now it's been a small recovery, but it's still clearly the laggard out there versus the rest of the sort of commodity spectrum. I was just wondering if you guys have any further thoughts on it.