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TASEKO CLOSES ACQUISITION OF 12.5% INTEREST IN GIBRALTAR COPPER MINE
TASEKO CLOSES ACQUISITION OF 12.5% INTEREST IN GIBRALTAR COPPER MINE Canada NewsWire ...
About this update from Taseko Mines Limited
[{"type":"text","content":"\n \n \n \n TASEKO CLOSES ACQUISITION OF 12.5% INTEREST IN GIBRALTAR COPPER MINE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 15, 2023\n \n \n /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) (\"Taseko\" or the \"Company\") is pleased to announce the completion of its acquisition of an additional 12.5% interest in the Gibraltar Mine from Sojitz Corporation (\"Sojitz\").  Gibraltar is operated through a joint venture which is owned 75% by Taseko and 25% by Cariboo Copper Corporation (\"Cariboo\").  Under the terms of the Agreement, Taseko has acquired Sojitz's 50% interest in Cariboo, and now holds an effective 87.5% interest in the Gibraltar Mine.\n \n \n The acquisition price consists of a minimum amount of\n \n C$60 million\n \n payable over a five-year period and potential contingent payments depending on\n \n Gibraltar\n \n mine copper revenues and copper prices over the next five years.  An initial\n \n C$10 million\n \n has been paid to Sojitz upon closing and the remaining minimum amount will be paid in\n \n C$10 million\n \n annual instalments over the next five years.\n \n \n Stuart McDonald\n \n \n President and CEO\n \n \n \n \n \n \n \n \n No regulatory authority has approved or disapproved of the information contained in this news release.\n \n \n \n \n \n \n \n \n \n CAUTION REGARDING FORWARD-LOOKING INFORMATION\n \n \n \n This document contains \"forward-looking statements\" that were based on Taseko's expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements ca...