Taseko Mines (TSE:TKO) has released an update.
Taseko Mines Limited has acquired the remaining 12.5% stake in the Gibraltar Mine, achieving full ownership and the associated offtake rights. The agreement with Dowa Metals & Mining Co., Ltd. and Furukawa Co., Ltd. involves a minimum payment of $117 million over ten years, with additional contingent payments linked to copper prices and the mine’s cash flow. This strategic move enhances the company’s copper production profile and is expected to bring long-term financial benefits and growth.
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