March 25, 2024
Taseko Secures Full Ownership of Gibraltar Mine
Taseko’s bold move to acquire full ownership of the Gibraltar mine is a strategic masterstroke. The Vancouver-based company has sealed the deal by agreeing to pay C$117 million (approximately $86 million) over a decade to acquire the shares held by Dowa and Furukawa in Cariboo Copper Corp. This acquisition transforms Taseko into the solitary proprietor of Cariboo Copper Corp, effectively granting the firm a 100% stake in the renowned Gibraltar mine, nestled in the heart of south-central British Columbia. The deal not only solidifies Taseko’s ownership but also enhances its offtake rights, as the Cariboo offtake contract returns to Taseko.
