Taseko Mines Limited reports recurring operating and financial developments from its North America-focused copper mining business. Company news centers on the Gibraltar Mine in British Columbia, including copper and molybdenum production, mill throughput, grades, recoveries, operating costs and sales volumes.
Updates also cover Florence Copper in Arizona, where the company produces copper cathode through in-situ copper recovery and SX/EW processing. Additional recurring themes include quarterly and annual results, copper market commentary, project work at Yellowhead and New Prosperity, environmental assessment activity, mine development milestones and financing-related operating updates.
Ero Copper (ERO) reported record third-quarter results, with copper production rising 6% sequentially as other producers also disclosed earnings and capacity plans. Ero earned $116.2 million, reduced net debt to $353.5 million and maintained copper production guidance of 67,500 to 77,500 tonnes.
Freeport-McMoRan (FCX) approved a $4.5 billion Bagdad expansion expected to add approximately 225 million pounds of annual copper production. Teck (TECK) increased quarterly copper production 11% year over year, despite a weather-related shutdown at Carmen de Andacollo. Trekor Metals (TGB) raised Gibraltar production guidance and expects Florence to reach capacity run rates in early 2027. Nexa Resources (NEXA) increased revenue 23% year over year but recorded a US$47 million net loss, including a US$124 million non-cash impairment charge, while copper production declined 30%.
Trekor Metals (NYSE American: TGB) reported third-quarter 2026 adjusted EBITDA of $164 million, alongside higher copper production and increased Gibraltar guidance. Revenue was $342 million, operating cash flow was $122 million, and net income was $34 million, or $0.09 per share. Adjusted net income was $55 million, or $0.15 per share; adjusted measures are non-GAAP.
Gibraltar produced 33.9 million pounds of copper, versus 27.6 million a year earlier. Its 2026 production forecast rose to 115–120 million pounds from 110–115 million. Florence produced 7.0 million pounds, versus 5.2 million in the second quarter. Trekor expects Florence production of 25–28 million pounds in 2026 and capacity run rates in early 2027. Gibraltar faces higher input costs and expects lower grades and recoveries during its mining transition. Yellowhead advanced to environmental assessment, and cash totaled $214 million at September 30.
Trekor Metals (TGB) will release its third quarter 2026 financial results after market close on November 4, 2026.
Management will discuss the results during a conference call and live webcast on November 5, 2026, at 11:00 a.m. Eastern Time. Analysts and investors may participate in a question-and-answer session after opening remarks. The webcast will be archived until November 5, 2027.
Trekor Metals (TGB) produced 41 million pounds of copper in the third quarter from its wholly owned Gibraltar and Florence Copper operations. Gibraltar produced 34 million pounds, with quarterly production increasing 12%, and sold 31 million pounds. Florence produced and sold seven million pounds; production increased 36% over the prior period.
Trekor now expects Gibraltar copper production of 115 to 120 million pounds, above original guidance of 110 to 115 million pounds. Florence's wellfield expansion remains about three months behind the original plan. Trekor expects Florence to produce 25 to 28 million pounds in 2026 and complete its ramp-up to full production capacity in early 2027. Gibraltar is expected to have lower grades and recoveries in the fourth quarter.
Trekor Metals (NYSE American: TGB) provided a project update on its wholly owned Aley niobium project in northeastern British Columbia, highlighting process improvements and team expansion. The company has developed a proprietary flotation process that has increased niobium recoveries, improved concentrate grades and significantly reduced reagent consumption, and has successfully produced market-grade ferroniobium via a two-stage smelting process.
According to Trekor, the NI 43-101-based Aley Project hosts an estimated 84 million tonnes of proven and probable reserves grading 0.50% Nb2O5, supporting a planned 10,000 tonnes-per-day operation with forecast annual production of 14,000 tonnes of ferroniobium over 24 years. Trekor has patented its flotation process in multiple jurisdictions and is advancing a hydrometallurgical flowsheet for niobium oxide while scaling up pilot production and engaging potential offtake partners. The company also appointed metallurgical engineer Steve Sparkowich as Director, Aley Niobium to lead technical, market and commercial strategy.
Trekor Metals (NYSE American: TGB) reported Q2 2026 revenues of $330.6 million from consolidated sales of 37.5 million pounds of copper and 575 thousand pounds of molybdenum. Adjusted EBITDA* was $125.1 million, earnings from mining operations before depletion, amortization and non‑recurring items* were $154.0 million, operating cash flow was $183.4 million, net income was $22.2 million ($0.06 per share) and Adjusted net income* was $40.5 million ($0.11 per share).
Gibraltar produced 30.3 million pounds of copper at a C1 cash cost* of US$2.41 per pound, supported by strong molybdenum by‑product credits of US$0.65 per pound. Florence Copper delivered its first full quarter, producing 5.2 million pounds. Consolidated copper production reached 36 million pounds, an 80% increase over Q2 2025. At June 30, 2026, cash was $186 million with total available liquidity of $342 million. The company also advanced Yellowhead permitting with a positive readiness decision from the BC Environmental Assessment Office.
Trekor Metals (NYSE American: TGB) will release its second quarter 2026 financial results after market close on Wednesday, August 5, 2026. The company will host a conference call and live webcast on Thursday, August 6, 2026 at 11:00 a.m. Eastern Time with a Q&A session for analysts and investors.
Trekor Metals (NYSE American: TGB) reported second quarter 2026 production from its 100%-owned Gibraltar mine and Florence Copper facility totaling approximately 36 million pounds of copper. Gibraltar produced 30.3 million pounds of copper and 559 thousand pounds of molybdenum, with mill throughput and recoveries consistent with recent quarters and copper sales of 32.2 million pounds.
Florence Copper produced 5.2 million pounds of copper cathode, with sales of 5.3 million pounds, as ramp-up progressed in line with management expectations. By quarter-end, 110 production wells were operating, feeding the SX/EW plant at about 3,400 gallons per minute and PLS grades of 1.8 g/L. Trekor reaffirmed its 2026 copper production guidance of 110–115 million pounds for Gibraltar and 30–35 million pounds for Florence Copper, while noting operating costs at Gibraltar remain affected by higher diesel and explosive prices.
Trekor Metals (NYSE American:TGB) submitted a Detailed Project Description for its 100%-owned Yellowhead copper project in British Columbia, advancing it in the provincial Environmental Assessment and Simpcw Indigenous-led processes.
An economic impact study estimates $47B Canadian output, $27.3B GDP, 525 direct jobs and 178M lb/year copper over 25 years.
Taseko Mines (NYSE American:TGB) reported voting results from its 2026 Annual General Meeting and approval of a corporate name change to Trekor Metals. About 216.7 million shares, or 59.3% of outstanding shares, were voted, with shareholders supporting all resolutions and director nominees.
The name change is effective June 25, 2026. Shares will trade under the new name on the TSX and NYSE from June 29 and on the LSE from June 30, with tickers unchanged. New identifiers include CUSIP 89472Y107 and ISIN CA89472Y1079, with no change to share capital or rights.