Taseko Mines acquires full ownership of Gibraltar mine for $117M+ contingent payments.
Taseko Mines Ltd. has signed a deal to acquire the remaining 12.5% stake in the Gibraltar mine from Dowa Metals & Mining Co. Ltd. and Furukawa Co. Ltd. The acquisition price consists of a minimum $117 million payable over a 10-year period, with potential contingent payments depending on copper prices and Gibraltar's cash flow. The deal will give Taseko full ownership of the British Columbia-based copper-molybdenum mine.
March 25, 2024
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