TASEKO MINES (TGB) Company Report

Analyst Coverage

Research analysts who have asked questions during TASEKO MINES earnings calls.

Craig Hutchison

TD Securities

3 questions for TGB

Also covers: CCJ, ERO, EXK +3 more

Arnold Dietrich

TD Securities

2 questions for TGB

Dalton Baretto

Canaccord Genuity Group Inc.

2 questions for TGB

Also covers: ERO, HBM, HL +1 more

Alexander Bedwany

Canaccord Genuity

1 question for TGB

Ben Davis

Panmure Liberum

1 question for TGB

Latest news

Recent press releases and 8-K filings for TGB.

Taseko Mines Announces Strong Q4 2025 Results and Florence Copper Production Commencement

TGB

Earnings

New Projects/Investments

Guidance Update

Taseko reported strong Q4 2025 financial results, with Adjusted EBITDA of $116 million and Net income of $4 million ($0.01 per share). For the full year 2025, revenues reached $673 million and Adjusted EBITDA was $230 million.
Florence Copper commenced copper cathode production in mid-February 2026, with the SX/EW plant now fully operational. The project's construction was completed on time and largely on budget at US$275 million.
The company projects total copper production for 2026 to be between 110 and 115 million pounds, including 30 to 35 million pounds from Florence Copper. Gibraltar is expected to contribute higher and more consistent quarterly production.

Feb 19, 2026, 10:20 PM

6-K

Taseko Mines Reports Strong Q4 and Full-Year 2025 Results, Florence Copper Begins Production

TGB

Earnings

Guidance Update

New Projects/Investments

Florence Copper commenced production in early February 2026, with initial leaching results exceeding expectations, and is projected to produce 30-35 million pounds of copper in 2026. The project's final capital costs were $275 million.
For Q4 2025, Taseko Mines reported CAD 244 million in revenue and CAD 116 million in Adjusted EBITDA. Full-year 2025 revenues reached CAD 673 million, with an average realized copper price of $4.61 per pound.
The Gibraltar mine produced 31 million pounds of copper in Q4 2025, contributing to a total of 98 million pounds for FY 2025. The company forecasts Gibraltar to produce 110-115 million pounds of copper in 2026.
Taseko ended 2025 with CAD 188 million in cash and CAD 340 million in total liquidity, with plans to prioritize deleveraging later in 2026.

Feb 19, 2026, 4:00 PM

Transcript

Taseko Mines Reports Strong Q4 2025 Results, Florence Copper Begins Production, and Provides 2026 Guidance

TGB

Earnings

Guidance Update

New Projects/Investments

Florence Copper has commenced copper production, with the electrowinning circuit turned on and first cathodes expected to be harvested soon, and is projected to produce 30-35 million pounds of copper in 2026. The project's final capital costs were $275 million, approximately 3% over the revised budget.
The Gibraltar Mine reported strong Q4 2025 production of 31 million pounds of copper and 800,000 pounds of molybdenum, leading to a full-year 2025 production of 98 million pounds of copper and 1.9 million pounds of molybdenum at a cost of $2.66 per pound. For 2026, Gibraltar is expected to produce 110-115 million pounds of copper.
Taseko Mines achieved record annual revenues of CAD 673 million in 2025, with Q4 2025 revenues reaching CAD 244 million. The company reported Q4 2025 adjusted net income of CAD 42 million (CAD 0.11 per share) and adjusted EBITDA of CAD 116 million.
The company ended 2025 with a strong liquidity position, including a CAD 188 million cash balance and an undrawn revolving credit facility of $110 million, totaling CAD 340 million. Taseko plans to prioritize deleveraging its balance sheet with excess cash later in 2026.
Taseko's Yellowhead project has a significant after-tax NPV of approximately $4 billion or higher at current copper prices, and the company is actively advancing permitting and exploring potential JV partnerships.

Feb 19, 2026, 4:00 PM

Transcript

Taseko Mines Reports Record 2025 Revenue and Florence Copper Production Start

TGB

Earnings

Guidance Update

New Projects/Investments

Florence Copper commenced production, with initial leaching results exceeding expectations, and is projected to produce 30-35 million pounds of copper in 2026.
The Gibraltar mine reported its highest quarterly production of 2025 in Q4, with 31 million pounds of copper and 800,000 pounds of molybdenum, and anticipates producing 110-115 million pounds of copper in 2026.
Taseko achieved record annual revenues of CAD 673 million in 2025, driven by strong Q4 performance with CAD 244 million in revenue, CAD 116 million in adjusted EBITDA, and CAD 101 million in cash flow from operations.
The company ended 2025 with a strong liquidity position, including a cash balance of CAD 188 million and total liquidity of CAD 340 million, following the completion of the Florence commercial facility capital project at $275 million.

Feb 19, 2026, 4:00 PM

Transcript

Taseko Mines Commences Copper Production at Florence Copper Operation

TGB

New Projects/Investments

Guidance Update

Earnings

Taseko Mines has commenced copper production at its Florence Copper operation in Arizona.
The company is targeting 30 to 35 million pounds of copper output in 2026 from its Florence Copper operation.
For the full year, Taseko reported adjusted EBITDA of $230 million and revenues of $673 million.
Combined 2026 production guidance, including output from the Gibraltar mine and the new Florence operation, is 110 to 115 million pounds of copper.

Feb 19, 2026, 2:10 PM

Press Release

Taseko Mines Limited Reports Q4 and Full-Year 2025 Results, Florence Copper Operational, and Completes Equity Financing

TGB

Earnings

New Projects/Investments

Taseko Mines Limited reported Q4 2025 revenues of $243.8 million and a net income of $4.5 million, with Adjusted EBITDA of $116.5 million. For the full year 2025, revenues reached $672.9 million, resulting in a net loss of $30.1 million.
The Gibraltar mine produced 30.7 million pounds of copper in Q4 2025 at a total operating cost (C1) of US$2.47 per pound, and 98.1 million pounds for the full year 2025 at US$2.66 per pound.
Florence Copper completed construction in Q4 2025, with commercial wellfield acidification commencing in November and copper cathode production starting mid-February 2026, making the plant fully operational.
An equity financing in October 2025 raised US$172.8 million through the issuance of 42.7 million common shares, which was partially used to repay outstanding debt.

Feb 18, 2026, 11:15 PM

6-K

Taseko Mines Reports Strong Q4 2025 Results and Commences Florence Copper Production

TGB

Earnings

Guidance Update

New Projects/Investments

Taseko Mines reported full year 2025 Adjusted EBITDA of $230 million and revenues of $673 million, resulting in a net loss of $30 million ($0.09 loss per share) and Adjusted net income of $27 million ($0.07 per share).
For the fourth quarter of 2025, Adjusted EBITDA was $116 million and Adjusted net income was $42 million ($0.11 per share).
Florence Copper commenced production of copper cathode in mid-February 2026, with a target to produce 30 to 35 million pounds of copper in 2026.
The Gibraltar mine produced 98 million pounds of copper in 2025 and is expected to produce 110 to 115 million pounds of copper in 2026.
The company also highlighted progress on other projects, including an updated technical report for the Yellowhead project in July 2025 and receiving $75 million from the Province of BC for the New Prosperity project in June 2025.

Feb 18, 2026, 10:18 PM

Press Release

Taseko Provides Update on Florence Copper Ramp-up and Gibraltar 2025 Production Results

TGB

Earnings

New Projects/Investments

Guidance Update

Florence Copper has completed construction and is transitioning to operations, with the SX/EW plant commissioning underway and first copper cathode production expected within weeks.
Gibraltar Mine reported 2025 copper production of 98 million pounds and molybdenum production of 1.9 million pounds.
In Q4 2025, Gibraltar's copper production significantly increased to 31 million pounds, and molybdenum production reached 0.8 million pounds, marking its best quarterly performance in eight years.
Taseko anticipates more consistent quarterly production and higher overall copper production from Gibraltar in 2026.

Jan 13, 2026, 9:42 PM

6-K

Taseko Mines Provides Update on Florence Copper and Gibraltar 2025 Production

TGB

Earnings

New Projects/Investments

Guidance Update

Florence Copper has completed construction, with wellfield operations and SX/EW plant commissioning underway, and first copper cathode production expected within weeks.
For 2025, Gibraltar Mine produced 98 million pounds of copper and 1.9 million pounds of molybdenum.
Gibraltar's fourth quarter copper production was 31 million pounds, a significant increase over prior quarters, and molybdenum production was 0.8 million pounds, the best quarterly performance in eight years.
Looking ahead to 2026, Taseko expects more consistent quarterly production and higher overall copper production from Gibraltar.

Jan 13, 2026, 1:30 PM

Press Release

Taseko Mines Provides Update on Florence Copper Ramp-Up and Future Growth Plans

TGB

New Projects/Investments

Guidance Update

M&A

Taseko Mines has completed construction of its Florence Copper project, with operations started and first cathode expected in January. The project is anticipated to produce 30 million lbs-40 million lbs in 2025 and reach 85 million lbs by 2027. Operating profit is expected in Q2 2025.
The company's Gibraltar mine is recovering from a challenging start to the year, with October production at 11 million lbs and November at nearly 10 million lbs. Annual production is expected to return to 120 million lbs-130 million lbs in 2025.
Following a recent equity raise of 42 million shares at $4 U.S. to repay its revolver, Taseko's pro forma liquidity stands at CAD 200 million, with an additional $110 million capacity in its revolving credit facility, totaling north of CAD 300 million.
Taseko aims to deleverage, targeting a gross debt of CAD 400 million or less than one times leverage before developing its Yellowhead project. Yellowhead is projected to cost CAD 2 billion to build, with a potential CAD 500 million covered by Canadian tax credits, and is expected to produce 200 million lbs of copper annually in its first years.