Taseko to buy out Yellowhead Mining

Yellowhead Mining’s loadout property in Vavenby and North Thompson River – Image courtesy of Yellowhead Mining Inc

BRITISH COLUMBIA – Vancouver’s Taseko Mining has made an all-share offer for Yellowhead Mining of Calgary that values the smaller company at $15.1 million. Taseko proposes to acquire all the issued and outstanding Yellowhead shares by issuing approximately 1.15 Taseko shares for each share of Yellowhead.

Yellowhead is the owner of the Harper Creek copper-gold-silver project about 90 km from Kamloops. A feasibility study was completed in 2013 outlining five phases of open pit mining and construction of a 70,000-t/d, SAG-ball mill processing plant.

This story first appeared on Canadian Mining Journal