Taseko Mines Limited (TGB) is a mining company engaged in the exploration, development, and operation of mineral properties. The company primarily focuses on copper production and sells copper and molybdenum extracted from its mining operations. TGB is heavily reliant on its Gibraltar Mine for revenue while actively developing additional projects to expand its production capabilities.
- Gibraltar - Operates as the primary source of copper and molybdenum production, contributing the majority of the company's earnings from mining operations.
- Florence Copper - Focuses on the development of a commercial production facility for copper cathode, with construction nearing completion and expected production in late 2025.
- Yellowhead - Engages in the development of a mining project that is currently in the pre-production stage and does not yet contribute to earnings.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Stuart McDonald ExecutiveBoard | President and Chief Executive Officer (CEO) | Stuart McDonald has served as President since June 2019 and as CEO since July 2021 at Taseko Mines Limited, after previously serving as CFO from September 2013 to June 2019 and joining the Board as a Director in September 2021. | View Report → | |
Bryce Hamming Executive | Chief Financial Officer (CFO) | Bryce Hamming is the Chief Financial Officer (CFO) at Taseko Mines Limited since June 2019, having joined the company in 2018. He has over 20 years of finance experience and previously served as CFO at Northcliff Resources Ltd. from June 2011 to March 2019. | ||
Richard Tremblay Executive | Chief Operating Officer | Richard Tremblay is the Chief Operating Officer at Taseko Mines Limited as of December 2023, having assumed the role following a series of leadership positions since 2014. He has held roles including General Manager at Gibraltar Mine, Vice President & General Manager, Vice President, Operations, and Senior Vice President, Operations, underscoring his extensive experience in mining operations. | ||
Robert Rotzinger Executive | Vice President, Capital Projects | Robert Rotzinger, P.Eng., has served as Vice President, Capital Projects at Taseko Mines Limited since December 2012, leading major capital projects and investment programs. | ||
Sean Magee Executive | Vice President, Corporate Affairs | Sean Magee is the Vice President, Corporate Affairs at Taseko Mines Limited (TGB) since September 2021, leading public affairs, corporate communications, and community relations programs. Previously, he served as Vice President, Public Affairs at Northern Dynasty Minerals Ltd and worked as a principal at One-eighty Consulting Group Inc. | ||
Anu Dhir Board | Director | Non-executive director at Capital Limited; Director at Montage Gold Corp; Non-executive director of Capital Drilling; Chair of Heritage Environmental Services, LLC | Anu Dhir is a Director at Taseko Mines Limited since September 2017, where she serves on the Audit, Compensation, and Nominating and Governance Committees. With over 20 years of experience in the resources sector, she has held leadership roles at companies such as Katanga Mining Limited and ZinQ Mining. | |
Crystal Smith Board | Director | Chief Councillor of the Haisla Nation; Chair of the First Nations LNG Alliance; Director for the First Nations Climate Initiative | Crystal Smith is a Director at Taseko Mines Limited (TGB) since November 6, 2024. She has extensive leadership experience as Chief Councillor of the Haisla Nation since 2017, Chair of the First Nations LNG Alliance, and Director for the First Nations Climate Initiative. | |
Kenneth Pickering Board | Director | Director at Endeavour Silver Corp. since August 2012; Director at Northern Dynasty Minerals Ltd. since September 2013 | Director at Taseko Mines Limited since December 2018, with 45 years of mining experience and a proven record in major projects worldwide. | |
Peter C. Mitchell Board | Director | Director at Northcliff Resources Ltd.; Director at Stabilis Solutions Inc. | Peter C. Mitchell is a seasoned CPA with over 35 years of senior financial management experience. At Taseko Mines, he has served as a Director and Chair of the Audit and Risk Committee since June 2020. Previously, he was CFO at Coeur Mining from June 2013 to December 2018. | |
Rita Maguire Board | Director | Rita Maguire is a practicing attorney with expertise in water, environmental, mining, and administrative law. She has served as a Director for Taseko Mines Limited since June 2022 and contributes on the Environmental, Health and Safety Committee as well as through contractual counsel roles. | ||
Robert A. Dickinson Board | Director | Chairman of Hunter Dickinson Inc.; Chairman of Hunter Dickinson Services Inc. | Robert A. Dickinson has been a Director at Taseko Mines Limited since January 1991, playing a key role in its governance and strategic oversight. He also holds leadership roles outside TGB as the Chairman of Hunter Dickinson Inc. and Hunter Dickinson Services Inc., showcasing his extensive experience in the mining industry. | |
Ronald W. Thiessen Board | Chairman of the Board | Director at Northern Dynasty Minerals Ltd. (since November 1995); President and CEO at Northern Dynasty Minerals Ltd. (since November 2001) | Ronald W. Thiessen has served as a director of TGB since October 1993 and as Chairman of the Board since May 2006, contributing extensive expertise in finance, taxation, and corporate governance. | |
Russell E. Hallbauer Board | Director | Russell E. Hallbauer has held executive positions as President (until June 2019) and CEO (until June 2021) at Taseko Mines Limited and is currently serving as a Director since July 2005. His extensive career in mining spans over 35 years with significant contributions to the company. |
- Given the escalating challenges with ground conditions at Gibraltar, what specific mitigation actions are being implemented to counter delays, and how might these issues impact full-year production targets?
- With copper recoveries at 68% in Q1 due to oxidized ore, how does management plan to address potential margin pressures, and what adjustments can investors expect in Q2 to improve these recoveries?
- The recent $24 million derivative adjustment significantly affected Q1 earnings; what steps are being taken to ensure the robustness of your hedging strategy against future copper price volatility?
- Although Florence's capital projects appear insulated from import tariffs, how prepared is the team to manage unexpected shifts in the U.S. tariff landscape that could potentially affect operating costs like sulfuric acid procurement?
- With progress on the new Prosperity project noted but lacking concrete milestones, can management provide clarity on the key challenges slowing resolution and how any delays might affect overall capital allocation?
Research analysts who have asked questions during TASEKO MINES earnings calls.
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Cariboo Copper Corporation | 2024 | Taseko Mines Limited acquired the remaining 50% interest from Dowa and Furukawa to obtain 100% interest in the Gibraltar mine, with an acquisition price between $117 million and $142 million payable over 10 years, including an initial payment of $5 million and annual contingent payments based on LME copper prices. |
Sojitz Corporation | 2023 | Taseko Mines Limited increased its effective interest in the Gibraltar Mine to 87.5% by acquiring Sojitz's 50% interest in Cariboo through a definitive agreement, structured with a minimum price of C$60 million (including a C$10 million initial payment) payable over five years and additional contingent payments tied to copper prices. |
Recent press releases and 8-K filings for TGB.
- Taseko Mines Limited has closed its previously announced bought deal offering, selling 42,000,000 common shares at US$4.05 per share.
- The offering generated gross proceeds of US$170,100,000.
- The company anticipates using the proceeds to repay outstanding indebtedness under its revolving credit facility and for general corporate and working capital purposes.
- Taseko Mines Limited has entered into an underwriting agreement to offer 37,100,000 common shares at a price of US$4.05 per share, aiming for aggregate gross proceeds of US$150,255,000.
- The agreement includes an over-allotment option for the underwriters to purchase up to an additional 5,565,000 common shares at the same offering price.
- The underwriting commission per offered security is 4.5%.
- The closing of the purchase and sale of the firm shares is scheduled for October 22, 2025.
- Taseko Mines Limited's updated Yellowhead Copper Project economics, effective June 15, 2025, report an After-Tax Net Present Value (NPV) at 8% of $2.0 billion and an After-Tax Internal Rate of Return (IRR) of 21%.
- The project holds proven and probable mineral reserves of 817 million tonnes grading 0.28% copper, 0.030 gpt gold, and 1.3 gpt silver at a 0.17% copper cut-off, supporting an open pit mine for at least 25 years.
- Long-term metal price forecasts used in the economic analysis are US$4.25/lb for copper, US$2400/oz for gold, and US$28.00/oz for silver, with a foreign exchange rate of US$1.00: C$1.35.
- The estimated total capital costs for the project are C$2,948 million, with a projected grand total net cash flow of C$10,125 million.
- Taseko Mines Limited announced a US$150 million bought deal financing on October 15, 2025.
- The company will issue 37,100,000 common shares at a price of US$4.05 per common share, generating gross proceeds of US$150,255,000.
- The net proceeds from the offering are intended to repay outstanding indebtedness under the company's revolving credit facility and for general corporate and working capital purposes.
- The offering is expected to close on or about October 22, 2025.
- Taseko Mines Limited has entered into an agreement for a "bought deal" offering of 37,100,000 common shares at US$4.05 per share, generating gross proceeds of US$150,255,000.
- The company intends to use the net proceeds to repay outstanding indebtedness under its revolving credit facility and for general corporate and working capital purposes.
- The offering is expected to close around October 22, 2025, subject to customary closing conditions and regulatory approvals.
- Taseko Mines Limited has commenced wellfield operations at its Florence Copper project following final regulatory approvals, with first copper cathode expected in about three months.
- At its Gibraltar Mine, Taseko reported Q3 2025 copper production of 27.6 million pounds and molybdenum production of 560 thousand pounds, representing increases of 39% and 211% respectively over the previous quarter.
- Gibraltar's mill throughput reached its design capacity of 85,300 tons per day in Q3 2025, and copper recoveries averaged 77% for the quarter, improving to 83% in September.
- The company now anticipates annual copper production for 2025 from Gibraltar to be between 100 and 105 million pounds.
- Taseko Mines has commenced wellfield operations at its 100%-owned Florence Copper project after receiving final regulatory approvals, with first copper cathode expected in about three months.
- At its Gibraltar Mine, third quarter production was 27.6 million pounds of copper and 560 thousand pounds of molybdenum, representing increases of 39% and 211% respectively over the previous quarter.
- The company has updated its annual production forecast for 2025 at Gibraltar to 100 to 105 million pounds of copper.