{"id":6991,"date":"2024-03-26T14:51:27","date_gmt":"2024-03-26T14:51:27","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=6991"},"modified":"2024-05-07T15:51:10","modified_gmt":"2024-05-07T15:51:10","slug":"taseko-strikes-deal-for-gibraltar-ownership","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2024\/03\/26\/taseko-strikes-deal-for-gibraltar-ownership\/","title":{"rendered":"Taseko strikes deal for Gibraltar ownership"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Canadian-based Taseko Mines has entered into a definitive agreement to acquire the remaining 12.5% interest in the Gibraltar copper-molybdenum mine in British Columbia from Dowa Metals &amp; Mining and Furukawa.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under the terms of the deal, Taseko will acquire Dowa and Furukawa&#8217;s shares in Cariboo Copper for a minimum of C$117 million payable over a period of 10 years, plus potential contingent payments. An initial $5 million will be paid to the two companies shortly following closing.&nbsp;<\/p>\n\n\n<figure id=\"attachment_6993\" aria-describedby=\"caption-attachment-6993\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6993\" src=\"https:\/\/northamericanmining.com\/wp-content\/uploads\/2024\/03\/gibraltar_mine_094-1.jpg\" alt=\"\" width=\"800\" height=\"534\" srcset=\"https:\/\/northamericanmining.com\/wp-content\/uploads\/2024\/03\/gibraltar_mine_094-1.jpg 800w, https:\/\/northamericanmining.com\/wp-content\/uploads\/2024\/03\/gibraltar_mine_094-1-768x513.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-6993\" class=\"wp-caption-text\"><em>Photo: Taseko Mines<\/em><\/figcaption><\/figure>\n\n\n<p class=\"wp-block-paragraph\">&#8220;We are happy to once again own 100% of the Gibraltar mine, our foundational asset, which will continue to generate strong returns for the company for many years to come,\u201d said Taseko President and CEO Stuart McDonald.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis acquisition provides 14% growth in our attributable copper production, and is immediately cashflow accretive as we advance construction at our Florence copper project [in Arizona].\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">McDonald also noted that Taseko will retain full marketing rights for 100% of Gibraltar\u2019s concentrate offtake \u201cproviding potential cost savings and longer-term strategic benefits as we continue to develop our North American copper production profile.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gibraltar is the second largest open-pit copper mine in Canada.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Taseko Mines<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian-based Taseko Mines has entered into a definitive agreement to acquire the remaining 12.5% interest in the Gibraltar copper-molybdenum mine in British Columbia from Dowa Metals &amp; Mining and Furukawa.&nbsp; Under the terms of the deal, Taseko will acquire Dowa and Furukawa&#8217;s shares in Cariboo Copper for a minimum of C$117 million payable over a period of 10 years, plus&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[495,12],"tags":[2866,2276,2865,2867,2868,2864],"coauthors":[1644],"class_list":["post-6991","post","type-post","status-publish","format-standard","hentry","category-latest-news","category-the-headlines","tag-cariboo-copper","tag-copper-production","tag-copper-molybdenum-mine","tag-gibraltar-mine","tag-open-pit-copper-mine","tag-taseko-mines"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/posts\/6991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/comments?post=6991"}],"version-history":[{"count":1,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/posts\/6991\/revisions"}],"predecessor-version":[{"id":6994,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/posts\/6991\/revisions\/6994"}],"wp:attachment":[{"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/media?parent=6991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/categories?post=6991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/tags?post=6991"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=6991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}