Canada's Taseko Mines Q2 revenue misses expectations

Trekor Metals

06/08/2025 22:43

Overview

Taseko Mines Q2 revenue of CAD 116 mln missed analyst expectations

Adjusted EPS for Q2 met expectations at CAD 0.04 loss per share

Co's Gibraltar SX/EW plant restarted, Florence Copper project over 90% complete

Outlook

Taseko expects copper production of 110-120 mln pounds in 2025

Florence Copper on track for first production before end of 2025

Company forecasts higher molybdenum grades in Connector pit ore

Taseko has copper collar contracts securing US$4.00 per pound for 54 million pounds of copper for the remainder of 2025

Result Drivers

GIBRALTAR PRODUCTION - Copper production at Gibraltar was in line with plan, despite low-grade stockpiled material impacting recoveries

SX/EW PLANT - Restart of Gibraltar's SX/EW plant contributed to copper cathode production

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
C$116.08 mln
C$140.20 mln (3 Analysts)
Q2 Adjusted EPS
Meet
-C$0.04
-C$0.04 (5 Analysts)
Q2 Adjusted Net Income
-C$13.02 mln
Q2 Net Income
C$21.87 mln
Q2 Adjusted EBITDA
C$17.43 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialty mining & metals peer group is "buy"

Wall Street's median 12-month price target for Taseko Mines Ltd is C$5.30, about 20.2% above its August 5 closing price of C$4.23

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX1KGxbY

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)