NYSE$TGB

Taseko Mines Ltd · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Taseko Mines reported improved financial and operational performance in the third quarter of 2025.

Taseko Mines delivered higher copper production from its Gibraltar mine, resulting in increased revenues. However, despite operational improvements, the company posted a net loss due to non-operational expenses. Progress continued at the Florence Copper project with commissioning underway.

  • Generated $174 million in revenue from copper and molybdenum sales.
  • Reported net loss of $28 million despite adjusted net income of $6 million.
  • Copper production increased to 27.6 million pounds, with improved head grade and recoveries.
  • Florence Copper project reached commissioning stage with first cathode production expected in early 2026.

Headline financials

Total Revenue

$125M

Previous: $113M+10.7%
EPS (adj)

$0.01

Previous: $0.02-50.0%
Cash flow from operations

$36.5M

No prior period
Molybdenum production (lbs)

558.0K

No prior period
Copper sales (lbs)

26.3M

No prior period
Copper head grade

0.2%

No prior period
Copper recovery

77.0%

No prior period
Tons milled

7.8M

No prior period
Tons mined

29.3M

No prior period
Adjusted EBITDA

$62.1M

No prior period
C1 Cost (US$/lb Cu)

$2.87

No prior period
Copper Production (lbs)

27.6M

No prior period
Net Income

-$20M

Previous: -$132K-15052.0%
Operating Income

$28.2M

Previous: $15.2M+85.5%

Revenue & EPS history

Taseko Mines · Revenue · Quarterly

$125M

Q3 2025+10.7%vs Q3 2024
Beat estimate in 6 of 9 quarters(67%)
ActualEstimate

Forward guidance

Copper production and recoveries are expected to further improve in Q4 2025. Florence Copper is ramping up commissioning with first production expected in early 2026.

Tailwinds

  • Gibraltar expected to deliver higher copper grades and recoveries in Q4.
  • Florence Copper nearing first cathode production with commissioning underway.
  • New wellfield drilling at Florence to support 2026 ramp-up.
  • Favorable offtake agreements at Gibraltar reduce refining costs.
  • Robust copper market outlook supported by electrification trends.

Headwinds

  • Recent net loss driven by non-operational expenses.
  • Copper head grade still behind initial plan despite improvement.
  • Florence Copper still months away from commercial output.
  • Capital intensity remains high across projects.
  • External risks such as copper price volatility and inflationary pressures persist.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.2%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+1.2%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+20.1%

Q2 2020

Best reaction

-12.8%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.6%+5.5%
Q4 2025-4.4%+4.7%-28.6%
Q3 2025-11.9%-9.4%+13.4%
Q2 2025+0.3%+2.9%+10.4%
Q1 2025-11.3%-12.7%+0.9%
Q4 2024-0.5%+4.8%-12.9%
Q3 2024+10.3%-2.7%-11.3%
Q1 2024-2.4%-6.3%+9.7%
Q2 2024+2.4%-6.3%+9.7%
Q4 2023+8.1%+6.8%+47.8%
Q3 2023+16.7%+24.1%+17.6%
Q2 2023-2.8%-5.6%-0.7%
Q1 2023-12.8%-7.3%-14.6%
Q4 2022-3.6%+3.6%-8.5%
Q3 2022+15.9%+15.9%+35.5%
Q2 2022-3.8%+3.8%-1.0%
Q1 2022-2.7%-16.2%-10.8%
Q4 2021-3.7%-0.5%+22.0%
Q3 2021+0.5%+2.7%-7.3%
Q2 2021+0.6%-5.5%+6.6%
Q1 2021+4.8%+20.4%+17.5%
Q4 2020-7.1%-12.2%-12.2%
Q3 2020-8.8%-17.5%-21.9%
Q2 2020+20.1%+13.0%+49.3%
Q1 2020+8.9%+3.1%+25.0%
Q4 2019-7.6%-9.1%-50.0%
Q3 2019+5.5%+0.0%-6.8%
Q2 2019+2.1%+2.3%-2.3%
Q1 2019-4.8%-9.5%-22.2%
Q4 2018-5.0%-6.7%-3.3%
Q3 2018+10.4%+11.1%+1.6%
Q2 2018+3.5%+2.7%-2.7%
Q1 2018-0.9%-1.8%-1.8%
Q4 2017-11.0%-9.2%-32.9%
Q3 2017-9.6%-2.6%-4.4%
Q2 2017+3.4%+10.1%+35.6%
Q1 2017-8.6%-6.9%+7.8%
Q4 2016-2.8%-4.2%-12.7%
Q3 2016+3.7%+14.0%+53.5%
Q1 2016-2.0%-8.8%-21.1%
Q2 2016-5.3%-13.8%-24.6%
Q4 2015-4.7%
Q3 2015-5.6%
Q2 2015+0.9%
Q1 2015-1.1%
Q4 2014+2.7%
Q3 2014-3.4%
Q2 2014-0.8%
Q1 2014+0.5%
Q4 2013+3.8%
Q3 2013-1.5%
Q2 2013+6.4%
Q1 2013-2.5%
Q4 2012+7.0%
Q3 2012+0.9%
Q2 2012+0.4%
Q1 2012-0.3%
Q4 2011+4.8%
Q3 2011-4.7%
Q2 2011+2.1%
Q1 2011+1.2%
Q4 2010-0.6%
Q3 2010-7.2%
Q2 2010+4.3%
Q1 2010+4.3%

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