Taseko Mines Delivers Strong Q1 2026 Results as Florence Copper Ramps Up
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Taseko Mines ( (TSE:TKO) ) just unveiled an announcement.
Taseko Mines reported first-quarter 2026 revenues of $237 million, Adjusted EBITDA of $93 million and net income of $17 million, marking a sharp turnaround from the prior year as copper prices and volumes improved. Gibraltar produced 30 million pounds of copper at a C1 cost of US$2.63 per pound, with higher grades and recoveries, though site costs rose due to more expensive diesel, explosives and unscheduled maintenance.
At Florence Copper, commercial wellfield operations and the SX/EW plant ramped up, delivering 1.5 million pounds of copper cathode in the quarter and setting the stage for 2026 output of 30–35 million pounds. The company advanced environmental assessment work at its Yellowhead project and ended March with $169 million in cash and $322 million in total liquidity, reinforcing its strategy as a growing North American copper producer amid strong market conditions.
More about Taseko Mines
Taseko Mines Limited is a North American copper producer with operations including the Gibraltar mine in British Columbia and the Florence Copper project in Arizona. The company focuses on large-scale, long-life copper assets, producing copper concentrate, copper cathode and molybdenum, and is positioning itself as a low-cost growth player in the copper market.
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