Canadian miner Taseko's Q3 revenue rises on higher Gibraltar copper production

Trekor Metals

13/11/2025 15:23

Overview

Taseko Q3 revenue rose to about C$174 mln, driven by copper and molybdenum sales

Adjusted net income for Q3 was C$6 mln, with a net loss of C$28 mln

Gibraltar copper production improved due to higher grades and recoveries

Outlook

Taseko expects copper production of 100 to 105 mln pounds in 2025

Company anticipates higher molybdenum production due to improved grades

Florence Copper to produce first copper cathode early next year

Result Drivers

HIGHER COPPER GRADES - Gibraltar copper production improved due to mining advancing into higher grade ore in the Connector pit

FLORENCE COPPER PROGRESS - Substantial completion of SX/EW plant and commencement of wellfield operations at Florence Copper

FINANCIAL STRENGTHENING - Equity financing strengthened balance sheet, enabling debt repayment and project investment

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted Net Income
C$5.58 mln
Q3 Adjusted EBITDA
C$62.14 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 10.3% below its November 12 closing price of C$6.73

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nRSM4814Ha

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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.)