R/€ = 15.94 Change: 0.03
R/$ = 14.05 Change: 0.07
Au 1341.00 $/oz Change: 17.95
Pt 819.01 $/oz Change: 13.91
 
 
R/€ = 15.94 Change: 0.03
R/$ = 14.05 Change: 0.07
Au 1341.00 $/oz Change: 17.95
Pt 819.01 $/oz Change: 13.91
 
 
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Green light for Taseko’s BC copper project buy

11th February 2019 BY: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online

The shareholders of development stage company Yellowhead Mining have approved a takeover by base metals miner Taseko Minerals, giving the larger company full ownership of the Harper Creek copper/gold/silver project, in British Columbia.

The acquisition was approved by 99.98% of Yellohead’s shareholders, who under the terms of the transaction will each receive 1.1484 Taseko common shares for each share held.

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Taseko previously said that, with proven and probable reserves of 3.6-billion pounds of recoverable copper, supplemented by 370 000 oz of gold and 15.6-million ounces of silver, Yellowhead was acquired at a cost of “half a penny per pound of copper” in the reserve base.

Harper Creek is a proposed 70 000 t/d openpit copper mine with a 28-year mine life, located in the Thompson-Nicola region of British Columbia near Vavenby. Taseko has indicated it will seek to improve on the current feasibility study. 

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EDITED BY: Creamer Media Reporter
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