The interim consolidated financial statements of Taseko Mines Limited (the “Company”) as at June 30, 2010,
and for the three and six month periods ended June 30, 2010 and 2009 have been prepared in accordance with
Canadian generally accepted accounting principles (“Canadian GAAP”) for interim financial reporting. Such
principles differ in certain respects from those applicable in the United States (“US GAAP”). For information on
material differences between Canadian GAAP and US GAAP, reference should be made to the discussion of the
principal differences between the Company’s financial results determined under Canadian GAAP and under US
GAAP that is contained in the supplementary note to the Company’s audited consolidated financial statements
entitled “Reconciliation with United States Generally Accepted Accounting Principles” for the year ended
December 31, 2009, the fifteen months ended December 31, 2008 and the year ended September 30, 2007.
The financial information presented in the interim consolidated financial statements and in this reconciliation to US
GAAP is unaudited. However, in the opinion of management such information reflects all adjustments, consisting
solely of normal recurring adjustments, which are necessary to a fair statement of the results for the interim
periods presented.
TASEKO MINES LIMITED
RECONCILIATION WITH UNITED STATES GENERALLY ACCEPTED ACCOUNTING
PRINCIPLES
For the three and six months ended June 30, 2010 and 2009
(Unaudited – Expressed in thousands of Canadian dollars, unless stated otherwise)
3 months
3 months
6 months
6 months
ended June ended June ended June ended June
30,
30,
30,
30,
Consolidated Statements of Operations
2010
2009
2010
2009
Earnings for the period under Canadian GAAP
$
45,440 $
11,405 $
121,889 $
14,913
Adjustments under US GAAP
Interes