Taseko (TGB) Inks Deal to Buy Balance Stake in Gibraltar Mine [Yahoo! Finance]
Taseko Mines, Ltd. (TGB)
NASDAQ:AMEX Investor Relations:
tasekomines.com/investors
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Source: Yahoo! Finance
This acquisition is expected to boost TGB's attributable copper production by 14% and provide immediate cash flow advantages. This acquisition involves an initial CAD$5 million ($3.7 million) payment to Dowa and Furukawa shortly following closing. The remaining cash consideration will be made in annual payments starting in March 2026. The acquisition price has been set at a minimum of CAD$117 ($86 million) million, payable over a period of ten years, and potential contingent payments depending on copper prices and Gibraltar's cash flow. Total consideration is capped at CAD$142 million ($104 million), limiting the contingent consideration to a maximum of $25 million. Taseko also has the option to settle the entire amount at any time before 2029 by paying CAD$117 million in total. In March 2023, Taseko had increased its stake to 87.5% in the Gibraltar copper-molybdenum mine. Located in south-central British Columbia, Gibraltar boasts state-of-the-art facilities with a daily proces
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TGB
News
- TASEKO MINES COMPLETES NOTES OFFERINGPR Newswire
- Is Taseko Mines Limited (TGB) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Should You Be Impressed By Taseko Mines Limited's (TSE:TKO) ROE? [Yahoo! Finance]Yahoo! Finance
- TASEKO ANNOUNCES PRICING OF SENIOR SECURED NOTES OFFERINGPR Newswire
- TASEKO ANNOUNCES OFFERING OF US$500 MILLION OF SENIOR SECURED NOTES DUE 2030 [Yahoo! Finance]Yahoo! Finance
TGB
Earnings
- 3/7/24 - Beat
TGB
Sec Filings
- 4/23/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/9/24 - Form 6-K
- TGB's page on the SEC website