- Taseko is selling its Harmony Gold project for a 15% carried interest in the new company formed to advance the project and a 2% NSR in the project.
- Although no cash consideration is involved, the purchaser is expected to advance the project through conducting technical studies.
- In the longer term there are still hurdles in terms of financing the project, as well as getting the relative permits and Haida Nation support.
- The deal is a slight positive that doesn't have much impact on Taseko's current value, but could add more value if there is substantial progress.
For further details see:
Taseko Mines Sells Its Harmony Gold Project