Taseko Mines Boosts Q4 Results and Starts Copper Production at Florence Project
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The latest announcement is out from Taseko Mines ( (TSE:TKO) ).
Taseko Mines reported 2025 revenues of $673 million from the sale of 99 million pounds of copper and 1.9 million pounds of molybdenum, with adjusted EBITDA of $230 million and adjusted net income of $27 million despite a reported net loss. The Gibraltar mine delivered 98 million pounds of copper at a C1 cost of US$2.66 per pound, with production and recoveries improving markedly in the second half, while higher molybdenum grades in the Connector Pit boosted by-product output.
Fourth-quarter performance was particularly strong, with adjusted EBITDA of $116 million, $101 million in operating cash flow, and 31 million pounds of copper production at Gibraltar, supported by the restart of the site’s SX/EW plant. Management expects Gibraltar to increase copper output to 110–115 million pounds in 2026 and generate significantly stronger cash flows as copper prices run about 25% above 2025 realized levels.
Operationally, a key milestone was the commencement of copper cathode production at the Florence Copper project, where the SX/EW plant is fully operational and wellfield performance has met or exceeded expectations. Taseko is ramping up drilling and wellfield expansion to target 30–35 million pounds of copper production from Florence in 2026, marking the company’s transition to a two-mine producer and underpinning longer-term growth alongside its Yellowhead and New Prosperity projects.
The most recent analyst rating on (TSE:TKO) stock is a Buy with a C$12.50 price target. To see the full list of analyst forecasts on Taseko Mines stock, see the TSE:TKO Stock Forecast page.
Spark’s Take on TSE:TKO Stock
According to Spark, TipRanks’ AI Analyst, TSE:TKO is a Neutral.
The score is held back primarily by weak underlying financial performance (loss-making margins, high leverage, and declining free cash flow). This is partially offset by constructive technical trend strength and a notably improved recent operating/financial update from the earnings call (higher production, strong EBITDA, and Florence progress), while valuation remains a concern due to the negative P/E and no dividend support.
To see Spark’s full report on TSE:TKO stock, click here.
More about Taseko Mines
Taseko Mines Limited is a North American copper mining company with operations centered on the Gibraltar mine in British Columbia and the Florence Copper project in Arizona. The company produces copper and molybdenum concentrates, as well as copper cathode via SX/EW plants, positioning it as a mid-tier producer leveraged to global copper demand and prices.
Average Trading Volume: 1,361,237
Technical Sentiment Signal: Buy
Current Market Cap: C$4.08B
See more insights into TKO stock on TipRanks’ Stock Analysis page.
