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Stocks in play: Taseko Mines Limited

·1 min read

Announced that it has entered into an agreement to sell the Harmony Gold Project to JDS Gold Inc., a newly incorporated company controlled by JDS Energy & Mining Inc. and affiliates. Under the terms of the agreement, JDS will become the owner and operator of the Harmony Gold Project, a high-grade development-stage gold project located on Graham Island in Haida Gwaii. Taseko will retain a 15% carried interest in JDS and a 2% net smelter return royalty on the Project. Taseko also has the right to terminate the agreement and revert to 100% ownership of Harmony in the event JDS does not achieve certain project development milestones and an IPO or other liquidity event within an agreed timeframe. Taseko Mines Limited shares T.TKO are trading down 2 cents at $2.42.