Welcome to our dedicated page for Taseko Mines news (Ticker: TGB), a resource for investors and traders seeking the latest updates and insights on Taseko Mines stock.
Taseko Mines Limited (TGB) maintains this dedicated news portal for stakeholders tracking developments in copper production, mineral exploration, and operational updates from Canada's premier mining operations. Our curated news collection provides essential insights into the company's core activities at the Gibraltar mine, Florence Copper project, and other strategic assets.
Investors and industry observers will find authoritative reporting on quarterly results, resource estimates, and operational milestones. The archive includes technical updates compliant with NI 43-101 standards, facility expansion announcements, and sustainability initiatives within Taseko's mining operations.
Content spans three key areas: production updates from active mining sites, development progress on exploration projects, and strategic partnerships shaping North America's base metals sector. All materials maintain rigorous standards for factual accuracy and operational transparency.
Bookmark this page for streamlined access to Taseko's official communications. Combine regular check-ins with our news alerts to stay informed about copper price impacts, milling capacity changes, and corporate developments affecting this TSX-listed mining enterprise.
Taseko Mines reports significant progress on its Florence Copper project in Arizona, with overall completion reaching 78% as of March 31, 2025. The project remains on schedule for first copper production before year-end 2025. Key achievements include completion of 80 out of 90 planned production wells, finished electrowinning facility structure, and advancement in solvent extraction area.
Construction highlights include completed hydrotesting of field tanks, installation of cathode stripping machine, and progress on substation equipment. The project has logged 670,000 total hours with no reportable injuries or environmental incidents. Notably, Taseko secured authorization to reuse surplus process water for agriculture, replacing about 25% of current irrigation water needs.
The company maintains its original capital cost guidance and has hedged most of Gibraltar's copper production at a minimum price of US$4.00 per pound for the remainder of 2025, protecting against market volatility while maintaining positive long-term copper market outlook.
Taseko Mines reported its 2024 financial results, with Adjusted EBITDA of $224 million and revenues of $608 million from selling 108 million pounds of copper and 1.4 million pounds of molybdenum. The company recorded a net loss of $13 million ($0.05 per share) and Adjusted net income of $57 million ($0.19 per share).
Gibraltar mine produced 106 million pounds of copper in 2024, with production impacted by scheduled downtime and an 18-day labour strike. The company expects 2025 copper production to increase to 120-130 million pounds. At Florence Copper, construction is over 60% complete with first copper production targeted before year-end.
The company maintains a strong financial position with $173 million in cash and available liquidity of approximately $331 million. Taseko benefits from copper price protection at a minimum of US$4.00 per pound for 2025 and zero treatment and refining charges for copper concentrate.
Taseko Mines (TSX: TKO; NYSE American: TGB; LSE: TKO) has announced it will release its fourth quarter and year end 2024 financial results after market close on Wednesday, February 19, 2025. The company will host a telephone conference call and live webcast on Thursday, February 20, 2025, at 11:00 a.m. Eastern Time to discuss these results.
Participants can join via conference call dial-in or webcast, with pre-registration required for the conference call. The webcast will be archived for playback until March 13, 2025. The company has provided options for both dial-in and webcast participation, with registration required at least 15 minutes before the call start time.
Taseko Mines has released a comprehensive economic impact study of its Gibraltar copper mine in British Columbia. The study, prepared by MNP, analyzes the mine's contributions since 2004 and forecasts through 2044. Key findings include:
Since 2004, Gibraltar has generated $16.3 billion in total economic output and $8.3 billion in GDP for Canada, with over half occurring in BC's Cariboo region. The mine currently employs 700 workers and supports 2,860 total jobs, generating over $4 billion in employment income since 2005. Government revenues reached $2.0 billion (2005-2023) and are projected to add $3.1 billion through 2044.
As Canada's second-largest open-pit copper mine, Gibraltar has produced 1.9 billion pounds of copper since 2004 and is forecast to produce an additional 2.7 billion pounds through 2044. The total 4.6 billion pounds could supply copper for approximately 25 million electric vehicles.
Taseko Mines (TSX: TKO; NYSE American: TGB) has announced that the new US and Canadian trade tariffs will have no material impact on its operations. The company's Gibraltar Mine's copper and molybdenum concentrates are sold to international metal traders and delivered to Asian markets, with offtake contracts secured through 2026.
The company's Florence Copper Project in Arizona, currently under construction, is expected to begin copper production in Q4 2025. As construction procurement is essentially complete and materials are already on site or being fabricated in the US, the new tariffs won't affect construction costs. Similarly, based on Canada's initial retaliatory tariffs list, Gibraltar Mine's operating costs are not expected to be materially impacted.
Taseko Mines (NYSE American: TGB) has provided an update on its Florence Copper project in Arizona. As of December 31, 2024, the project is 56% complete, with first copper production targeted before the end of 2025. Construction activities are on schedule with nearly 450,000 project hours worked without injuries or environmental incidents. The site currently has approximately 290 personnel.
Key activities in Q4 include:
- Completion of process ponds and surface water runoff pond construction
- Placement and welding of solvent extraction settler and launder modules
- Construction of 17 production wells, totaling 51 out of 90 planned wells
- Advancement in the main pipe corridor development and high-density polyethylene piping installation
- Commencement of field-erected process and service tank construction
- Mechanical and piping installations in the SX/EW plant
- Near completion of structural steel erection for the solvent extraction pipe rack and ongoing piping installation
- Start of electrical work
- Erection of the water treatment building and preparation for the electrowinning building
Despite the Department of Energy’s denial of a 48C(e) tax credit application, Taseko maintains a strong financial position with C$330 million in liquidity, including an undrawn US$110 million revolving credit facility.
Taseko Mines reports its 2024 production results from the Gibraltar copper mine, achieving 106 million pounds of copper and 1.4 million pounds of molybdenum production. Sales volumes matched production at 108 million pounds of copper and 1.4 million pounds of molybdenum.
The company completed a transaction with Osisko Gold Royalties to increase its Gibraltar silver stream agreement from 87.5% to 100%, receiving an additional US$12.7 million in cash. Following major maintenance activities in July, mill operations improved significantly, with throughput averaging over 89,000 tons per day in Q4 2024, 5% above design capacity, producing 29 million pounds of copper.
Looking forward to 2025, Taseko projects increased annual copper production of 120-130 million pounds, with production expected to be concentrated in the second half of the year.
Taseko Mines reports its 2024 production results from the Gibraltar copper mine, achieving 106 million pounds of copper and 1.4 million pounds of molybdenum production. Sales volumes matched production at 108 million pounds of copper and 1.4 million pounds of molybdenum.
The company has amended its Gibraltar silver stream agreement with Osisko Gold Royalties, increasing the attributable silver percentage from 87.5% to 100% in exchange for a US$12.7 million cash payment.
Fourth quarter mill throughput averaged over 89,000 tons per day, exceeding design capacity by 5%, resulting in 29 million pounds of copper production. The company projects 2025 copper production to reach 120-130 million pounds, with production weighted towards the second half of the year.
Taseko Mines has appointed Crystal Smith to its Board of Directors. Smith, who has served as elected Chief Councillor of the Haisla Nation for seven years, brings significant experience in Indigenous governance and responsible industrial development. She played a key role in developing Cedar LNG, the first Indigenous majority-owned LNG project in Kitimat, BC, and leads Haisla Nation's involvement with LNG Canada. Smith chairs the First Nations LNG Alliance and serves as Director of the First Nations Climate Initiative, focusing on responsible economic development aligned with net-zero targets.
Taseko Mines reports Q3 2024 results with $48 million Adjusted EBITDA and $156 million revenue. Gibraltar mine produced 27 million pounds of copper and 421,000 pounds of molybdenum. Total operating costs were US$2.92 per pound of copper. The company recorded a net loss of $0.2 million and adjusted net income of $8 million ($0.03 per share).
Florence Copper construction progresses on schedule with nearly 300 contractors on site. The company expects copper production to increase to 120-130 million pounds in 2025. Cash balance stood at $209 million as of September 30, 2024.
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