Taseko Mines Up 3%, Recoups Monday Losses Following BC Court Order Suspending New Prosperity Work

Taseko Mines Ltd (TKO.TO) is up 10 cents today at $3.05 a share, reversing a 3% dip yesterday following a Supreme Court of British Columbia judge suspending work at the two of the company's properties for up to 90 days in order to hear a judicial review brought by the Tsilhqotin Nation challenging the adequacy of consultations performed by the British Columbia provincial government.

According to the company, the judge stressed the case is not a bid to evaluate the relative merits of New Prosperity gold and copper project or whether the project can proceed, adding he expects work will be resume after the judicial review is heard.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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