Taseko Mines Ltd
TSX:TKO
Taseko Mines Ltd
Taseko Mines Ltd. operates as a mining company, which engages in the acquisition, development, and operation of mineral deposits. The company is headquartered in Vancouver, British Columbia. The firm is principally engaged in the production and sale of metals, as well as related activities, including mine permitting and development, within the province of British Columbia, Canada and the State of Arizona, United States. Its principal operating asset is the Gibraltar Mine, which is a copper mine located in central British Columbia. The firm also owns the Florence Copper, Yellowhead copper, New Prosperity copper-gold, Aley niobium and Harmony gold projects. The Florence Copper project is located midway between Phoenix and Tucson near the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola area of British Columbia, approximately 150 kilometers (km) northeast of Kamloops near Vavenby. The New Prosperity Project is located, approximately 125 km southwest of the City of Williams Lake, British Columbia. The Aley Niobium Project is located in northern British Columbia, 140 km north of Mackenzie.
Taseko Mines Ltd. operates as a mining company, which engages in the acquisition, development, and operation of mineral deposits. The company is headquartered in Vancouver, British Columbia. The firm is principally engaged in the production and sale of metals, as well as related activities, including mine permitting and development, within the province of British Columbia, Canada and the State of Arizona, United States. Its principal operating asset is the Gibraltar Mine, which is a copper mine located in central British Columbia. The firm also owns the Florence Copper, Yellowhead copper, New Prosperity copper-gold, Aley niobium and Harmony gold projects. The Florence Copper project is located midway between Phoenix and Tucson near the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola area of British Columbia, approximately 150 kilometers (km) northeast of Kamloops near Vavenby. The New Prosperity Project is located, approximately 125 km southwest of the City of Williams Lake, British Columbia. The Aley Niobium Project is located in northern British Columbia, 140 km north of Mackenzie.
Operational Improvement: Third quarter results showed clear improvement over the previous two quarters, with higher grades and better recoveries at Gibraltar.
Copper Production: Copper production rose to just under 28 million pounds, aided by higher ore grades and steady mill throughput.
Financial Results: Revenue reached $174 million, up 50% quarter-over-quarter, and adjusted EBITDA was $62 million, both benefiting from strong copper prices.
Florence Project Progress: The SX/EW plant at Florence was substantially completed on time and within budget, with commissioning underway and first copper expected early next year.
Strong Balance Sheet: An equity offering in October bolstered liquidity, allowing repayment of the $75 million revolver and supporting project ramp-up.
Guidance and Outlook: Formal production guidance for 2026 will come in the new year, with expectations for a more consistent operating year and ongoing ramp-up at Florence.
