On March 25, 2024, Taseko Mines Limited announced the acquisition of the remaining 12.5% interest in the Gibraltar Mine, securing 100% ownership by purchasing shares from Dowa Metals & Mining and Furukawa. The deal, valued at up to $142 million, includes initial payments and future contingent amounts based on copper prices and mine cash flow. Starting with a $5 million immediate payment, the balance will be settled through annual payments from 2026, with the total cost capped and an option for early settlement. This strategic move enhances Taseko's copper production by 14% and improves cash flow, especially benefiting its Florence Copper Project. The acquisition also terminates existing offtake agreements, granting Taseko full control over Gibraltar’s copper concentrate sales, aligning with its North American copper expansion strategy. This concludes a 14-year partnership with Dowa and Furukawa, reflecting a mutual and strategic withdrawal from copper mining investments by these entities.