Gatos Silver posts solid 2024, preps takeover by First Majestic
The deal will merge Gatos’ main Cerro Los Gatos mine with First Majestic’s San Dimas mine in Durango, and its Santa Elena operation in Sonora.
Taseko Mines Ltd. (TSX: TKO) is suing the federal government in B.C. Supreme Court and seeking unspecified compensation for a 2014 decision that blocked development of a proposed $1.5 billion gold and copper deposit.
The Vancouver-based company claims that the government and its agents — including the environment minister at the time — failed to meet their legal duties to Taseko when they blocked the New Prosperity project.
Taseko also alleges, among other things, that its property was effectively expropriated without compensation when a federal cabinet decision on Feb. 25, 2014, made its mineral rights essentially worthless.
