Canada's Taseko Mines Q3 revenue rises, driven by improved Gibraltar copper production

Trekor Metals

12/11/2025 22:27

Overview

Taseko Q3 rev at C$173.9 mln driven by improved Gibraltar copper production

Adjusted EPS for Q3 misses analyst expectations

Company reports net loss of ~C$28 mln for Q3

Outlook

Company expects 2025 copper production of 100 to 105 mln pounds

Taseko anticipates first copper cathode production at Florence Copper in early 2026

Company sees strong copper prices in 2026 due to demand and supply constraints

Result Drivers

COPPER PRODUCTION - Gibraltar copper production improved due to higher grades and recoveries as mining advanced deeper into the Connector pit

OPERATING COSTS - Total operating (C1) costs decreased to US$2.87 per pound, attributed to higher molybdenum by-product credits and lower off-property costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Miss
C$0.02
C$0.07 (3 Analysts)
Q3 Net Income
-C$27.84 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$6.10, about 5.6% below its November 11 closing price of C$6.44

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNE5H8DXm

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(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.)