UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
CIK # 878518
as at February 1, 2010
TASEKO MINES LIMITED
800 West Pender Street, Suite 1020
Vancouver , British Columbia
Canada V6C 2V6
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or
Form 40-F.
Form 20-F....... Form 40-F.....X....
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper
of a Form 6-K if submitted solely to provide an attached annual report to
security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
Yes ..... No .....
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82- ________
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
By: /s/ Russell E. Hallbauer
Director and Chief Executive Officer
Date: February 3, 2010
Print the name and title of the signing officer under his signature.
800 West
Pender Street, Suite 1020
Vancouver , British Columbia
Canada V6C 2V6
Tel: 604-684-6365
Fax: 604-684-8092
www.tasekomines.com
TASEKO EXTENDS COPPER
HEDGES AT SIGNIFICANTLY HIGHER PRICES
February 1, 2010, Vancouver, BC - Taseko Mines
Limited (TSX: TKO; NYSE Amex: TGB) ("Taseko" or the "Company")
is pleased to announce that the Company has recently extended its hedging
program for approximately 50% of targeted copper production to the end of
2010 from its wholly-owned Gibraltar Mine.
Consistent with the Company's existing strategy to manage its operating
margins effectively in volatile copper markets, a producer put and call option
was used. Approximately 23 million pounds of forward copper production, from
June 2010 to December 2010, has been hedged at a price range of US$2.50 -
US$3.95 per pound. Under the hedging program, Taseko will receive the prevailing
market copper price while within the price range. Should the market price
be outside the price range, Taseko will receive a minimum of US$2.50 and a
maximum of US$3.95 per pound for the hedged copper. Remaining production from
Gibraltar is unhedged.
Russell Hallbauer, President and CEO of Taseko stated, "When the copper
price strengthened to recent highs, we felt it was an opportune time to extend
our price protection. To be able to guarantee a minimum copper price of $2.50
per pound on half of Gibraltar's production, while keeping upside to $3.95
per pound, is a prudent business decision for Taseko."
For further information contact: Brian Bergot, Investor Relations - 778-373-4545,
toll free 1-800-667-2114
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.