Taseko and Osisko enter into US$12.7M amendment to Silver Stream on Gibraltar copper mine located in BC

On December 20, 2024, Taseko Mines Limited (“Taseko”) and Osisko Gold Royalties Ltd (“Osisko”) completed an amendment to the silver stream (the “Silver Stream”) with respect to the Gibraltar copper mine, located in British Columbia, Canada, which is operated by a wholly-owned subsidiary of Taseko. Osisko and Taseko have amended the Silver Stream to increase Osisko’s attributable silver percentage by 12.5% to 100% and extend the step-down silver delivery threshold to 6,811,603 ounces delivered, accounting for Osisko’s additional silver ownership. In exchange for these amendments Osisko has paid an additional deposit amount of US$12.7 million to Taseko.

Taseko, based in Vancouver, Canada, is a mining company focused on operation and development of mines in North America.

McCarthy Tétrault assisted Taseko with a team led by Roger Taplin and Patrick Deutscher that included Chris Langdon, Sarah Xu (Business) and Genevieve Loxley (Financial Services).