An aerial view of Taseko Mines’ New Prosperity project in central British Columbia. Credit: Taseko Mines.
Canada’s Taseko Mines (TSX, LON: TKO)(NYSE American: TGB), the Tŝilhqot’in Nation, and the Province of British Columbia have signed an agreement that resolves a complex, long-standing conflict over the New Prosperity mineral tenures.
The tenures, located about 125 km southwest of Williams Lake in the Teẑtan Biny (Fish Lake) area of Tŝilhqot’in territory, cover one of Canada’s largest undeveloped copper-gold deposits. The New Prosperity project holds an estimated 5.3 billion pounds of copper and 13.3 million ounces of gold in measured and indicated resources.
Negotiated over several years, the agreement ends all litigation between the parties and clarifies the path forward for any future development. It balances Taseko’s commercial interests with the cultural and environmental…
