Taseko Mines delivered higher copper production from its Gibraltar mine, resulting in increased revenues. However, despite operational improvements, the company posted a net loss due to non-operational expenses. Progress continued at the Florence Copper project with commissioning underway.
Generated $174 million in revenue from copper and molybdenum sales.
Reported net loss of $28 million despite adjusted net income of $6 million.
Copper production increased to 27.6 million pounds, with improved head grade and recoveries.
Florence Copper project reached commissioning stage with first cathode production expected in early 2026.
Copper production and recoveries are expected to further improve in Q4 2025. Florence Copper is ramping up commissioning with first production expected in early 2026.
Analyze how earnings announcements historically affect stock price performance