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<SEC-DOCUMENT>0000878518-04-000001.txt : 20040120
<SEC-HEADER>0000878518-04-000001.hdr.sgml : 20040119
<ACCEPTANCE-DATETIME>20040120151514
ACCESSION NUMBER:		0000878518-04-000001
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031231
FILED AS OF DATE:		20040120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TASEKO MINES LTD
		CENTRAL INDEX KEY:			0000878518
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19476
		FILM NUMBER:		04532464

	BUSINESS ADDRESS:	
		STREET 1:		1020-800 W. PENDER STREET
		CITY:			VANCOUVER BC CANADA V6C 2V6
		STATE:			A1
		ZIP:			00000
		BUSINESS PHONE:		(604) 684-6365

	MAIL ADDRESS:	
		STREET 1:		1020-800 W. PENDER STREET
		STREET 2:		V6C 2V6
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tko6k_123103.htm
<DESCRIPTION>PRESS RELEASE DECEMBER 31 2003
<TEXT>
<html>
<head>
<title>Great Basin Gold Ltd</title>    </head>
<body lang=EN-US link=blue vlink=purple>
<div class=Section1>
  <div align="center">
    <p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
      &nbsp; <br>
      &nbsp; <br>
      SECURITIES AND EXCHANGE COMMISSION <br>
      Washington, DC 20549 <br>
      &nbsp; <br>
      &nbsp; <br>
      <b><font size="3">FORM 6-K</font></b> <br>
      &nbsp; <br>
      &nbsp; <br>
      Report of Foreign Private Issuer <br>
      Pursuant to Rule 13a-16 or 15d-16 <br>
      of the Securities Exchange Act of 1934 <br>
      &nbsp; <br>
      &nbsp; <br>
      <b>CIK # 878518</b> <br>
      &nbsp; <br>
      &nbsp; <br>
      As at December 31, 2003 <br>
      &nbsp; <br>
      &nbsp; <br>
      <b><font size="3">TASEKO MINES LIMITED</font></b> <br>
      <b>800 West Pender Street, Suite 1020</b> <br>
      <b>Vancouver</b> <b>, </b> <b>British Columbia</b> <br>
      <b>Canada</b> <b> V6C 2V6</b> <br>
      &nbsp; <br>
      &nbsp; <br>
      Indicate by check mark whether the registrant files or will file annual
      reports under cover Form 20-F or Form 40-F. <br>
      &nbsp; <br>
      Form 20-F...X.... Form 40-F......... <br>
      &nbsp; <br>
      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): ____ <br>
      &nbsp; <br>
      &nbsp; <br>
      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. <br>
      &nbsp; <br>
      &nbsp; <br>
      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): ____ <br>
      &nbsp; <br>
      &nbsp; <br>
      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. <br>
      &nbsp; <br>
      Yes ..... No ..... <br>
      &nbsp; <br>
      If &quot;Yes&quot; is marked, indicate below the file number assigned to
      the registrant in connection with Rule 12g3-2(b): 82- ________ <br>
      &nbsp; <br>
      Signatures <br>
      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. <br>
      &nbsp; <br>
      &nbsp; <br>
      By: /s/ Jeffrey R. Mason <br>
      Director and Chief Financial Officer <br>
      &nbsp; <br>
      Date: December 31, 2003 <br>
      * Print the name and title of the signing officer under his signature. </font><br>
      _____________________________________ <br>
      &nbsp; <br>
      <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="3">Taseko
      Mines Limited </font><br>
      1020 - 800 West Pender Street <br>
      Vancouver, BC <br>
      Canada V6C 2V6 <br>
      Tel 604 684-6365 <br>
      Fax 604 684-8092 <br>
      Toll Free 1 800 667-2114 <br>
      http://www.hdgold.com </strong></font><br>
    </p>
    <p><b>TASEKO ANNOUNCES FINANCING FOR ITS </b> <b>GIBRALTAR</b> <b> MINE </b>
    </p>
    <p align="justify"><b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">December
      31, 2003</font></b> <font size="2" face="Verdana, Arial, Helvetica, sans-serif">&#45;
      Ronald W. Thiessen, President and CEO of Taseko Mines Limited (&#34;Taseko&#34;),
      (TSX Venture: TKO; OTCBB: TKOCF) announces that Gibraltar Reclamation Trust
      Limited Partnership (the &#34;GRT Partnership&#34;), an arm&#39;s length
      private Vancouver-based mining investment partnership, is undertaking a
      financing to raise proceeds from $18.5 million to $35 million to partially
      fund a planned re-start of the Gibraltar copper mine, located in south-central
      British Columbia and which is owned by a Taseko subsidiary, Gibraltar Mines
      Ltd. (&#34;Gibraltar&#34;). <br>
      &nbsp; <br>
      The GRT Partnership has entered into a Joint Venture arrangement with Gibraltar
      to restart the Gibraltar open pit copper mine. Gibraltar, as its contribution
      to the Joint Venture, will contribute the use of its mine assets and fund
      the start-up expenses of the Gibraltar mine, and the GRT Partnership will
      fund a qualifying environmental trust (&#34;QET&#34;), which will allow
      Gibraltar to access other funds currently held by the Government of British
      Columbia as a security for the mine&#39;s environmental reclamation obligations.
      Under the Joint Venture agreement, the GRT Partnership will be entitled
      to certain revenues or production share from the Gibraltar mine following
      the resumption of production. <br>
      &nbsp; <br>
      In a related agreement, Taseko has obtained the exclusive right (the &#34;Purchase
      Option&#34;) to purchase the GRT Partnership for a fixed price of 130% of
      the total amount of the net financing proceeds, which are actually contributed
      by the GRT Partnership to the QET (estimated to be 90% of the financing
      raised). The Purchase Option is payable in Taseko common shares valued at
      the prevailing market price, or the price can be paid in cash by Taseko.
      The investors in the GRT Partnership also have the right to sell the GRT
      Partnership to Taseko for the appraised value of the GRT Partnership payable
      at Taseko&#39;s election in cash or in shares of Taseko valued at the higher
      of: the then prevailing market (less a stated discount), and the current
      undiscounted market price of Taseko shares. The fixed price Purchase Option
      takes general precedence over the right to sell, and both of these purchase/sale
      rights are only in effect during 2004. Any Taseko shares issued to acquire
      the GRT Partnership will be subject to applicable Canadian hold periods,
      ending no later than April 30th, 2004 and will not be registered or eligible
      for resale in the United States. To facilitate the start-up transactions,
      certain Directors and Officers of Taseko have personally guaranteed certain
      obligations to third parties on behalf of Taseko to the extent of $4.5 million
      inclusive of a pledge of a cash deposit of $2 million. In consideration
      of the guarantee, they will receive compensation equal to 10% of the amount
      guaranteed and payable in Taseko shares. <br>
      &nbsp; <br>
      Taseko owns substantial copper and gold resources, and is well positioned
      to take advantage of the improving metal market conditions for copper and
      gold. Taseko&#39;s main assets are the Gibraltar copper mine, and the advanced-stage
      Prosperity gold-copper and Harmony gold projects. All are located in British
      Columbia, Canada. <br>
      &nbsp; <br>
      Taseko President and CEO, Mr. Ronald W. Thiessen said, &#34;We believe that
      this financing will facilitate a re-start of Gibraltar, a mine that is fully
      equipped to produce 80 million pounds of copper per year. This project presents
      a tremendous opportunity to create direct and indirect jobs in British Columbia
      and will help revitalize economic activity, particularly in the south-central
      part of the Province. We anticipate continued increases in world copper
      prices, and look forward to a strong period of growth for Taseko shareholders.&#34;
      </font></p>
    <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ON
      BEHALF OF THE BOARD OF DIRECTORS <br>
      &nbsp; <br>
      <i>/s/ Ronald W. Thiessen</i> <br>
      &nbsp; <br>
      Ronald W. Thiessen <br>
      President and CEO </font></p>
    <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
      No regulatory authority has approved or disapproved the information
      contained in this news release. </font></p>
    <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font size="1">This
      release includes certain statements that may be deemed &quot;forward-looking
      statements&quot;. 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
      market prices, exploitation and exploration successes, 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&#39;s annual Form 20-F
      filing with the United States Securities Commission. <br>
      &nbsp; </font><br>
      &nbsp; </font></p>
  </div>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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