Firm to acquire remaining 12% of Gibraltar copper mine from two minority partners
Taseko Mines Ltd. has signed a deal to buy the 12.5 per cent interest in the Gibraltar mine it does not already own from Dowa Metals & Mining Co. Ltd. and Furukawa Co. Ltd.
Under the agreement, Taseko will make initial payments of $2.5 million to Dowa and $2.5 million to Furukawa. The remaining amount will be settled with annual payments starting in March 2026 based on the average copper price of the previous calendar year, subject to an annual cap based on a percentage of cash flow from the mine.
Total consideration is capped at $142 million, limiting the contingent payment to a maximum of $25 million.
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