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Federal Government Denies Approval to Taseko Mines to Proceed with Prosperity Mine Project

The Federal Minister of Environment has announced that Taseko Mines Limited (TSX: TKO) has not been granted federal authorizations to proceed 'as proposed' with the Prosperity mine project. Taseko has stated that they will evaluate their options for moving the project forward once they have had further discussions with the Federal and Provincial Governments.

Franco-Nevada (TSX: FNV) is disappointed with the decision and will continue to be supportive of Taseko's efforts to move the project ahead. Franco-Nevada's financing commitment remains available to Taseko once the project is fully permitted and financed.

Source: FRANCO-NEVADA CORPORATION

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