Trekor Metals Ltd
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 28, 2024
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Contents
EX-99.2 · 24. COMMITMENTS AND CONTINGENCIES
24. COMMITMENTS AND CONTINGENCIES
(a) Commitments
The Company is a party to certain contracts relating to service and supply agreements. Future minimum payments under these agreements as at December 31, 2023 are presented in the following table:
| 2024 | 14,030 |
| 2025 | 6,071 |
| 2026 | 1,120 |
| 2027 | - |
| 2028 and thereafter | - |
| Total commitments | 21,221 |
As at December 31, 2023, the Company had commitments to incur capital expenditures of $6,150 (2022 - $9,265) for Florence Copper and $13,236 (2022 - $2,795) for the Gibraltar joint venture.
(b) Contingencies
The Company has guaranteed 100% of certain capital lease and equipment loans entered into by the Gibraltar joint venture in which it holds an 87.5% interest. As a result, the Company has guaranteed the joint venture partner's 12.5% share of this debt which amounted to $5,851 as at December 31, 2023.
The Company has also indemnified 100% of a surety bond issued by the Gibraltar joint venture to the Province of British Columbia. As a result, the Company has indemnified the joint venture partner's 12.5% share of this obligation, which amounted to $7,313 as at December 31, 2023.
TASEKO MINES LIMITEDNotes to Consolidated Financial Statements(Cdn$ in thousands)
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