TASEKO MINES LTD (TGB)

NYSEMKT — Basic Materials: Mining, Copper: Gold And Silver Ores

www.tasekomines.com

Weekly Summary (2025-04-28)

Highlights

  • First quarter 2025 Adjusted EBITDA of $34 million.
  • Revenues of $139 million from the sale of 22 million pounds of copper and 364 thousand pounds of molybdenum.
  • Gibraltar produced 20 million pounds of copper and 336 thousand pounds of molybdenum in Q1 2025.
  • Construction of Florence Copper remains on schedule with 78% completion as of March 2025.

Challenges

  • Net loss of $29 million in Q1 2025.
  • Copper production impacted by lower than expected metallurgical recoveries from oxidized ore.
  • Challenging ground conditions at the Connector pit leading to lower mining productivities and delayed access to higher-grade ore.

Catalysts

  • Expected commencement of wellfield operations at Florence Copper in fall 2025.
  • First copper cathode production anticipated in Q4 2025.

Outlook

Taseko is positioned for significant production and cash flow growth with the startup of Florence Copper approaching in less than nine months.

Upcoming Events

May 31, 2025, 7:00:00 AM UTC

Completion of Wellfield Drilling at Florence Copper

The final two wells for the Florence Copper project are expected to be completed in May 2025, advancing the project towards first copper production.

clinical readout
Jun 30, 2025, 8:00:00 AM UTC

SX/EW Plant Refurbishment Completion

The refurbishment of the SX/EW plant at Gibraltar is expected to be completed, with first cathode production anticipated in Q2 2025.

facility opening
Oct 1, 2025, 7:00:00 AM UTC

First Copper Cathode Production at Florence Copper

Taseko anticipates commencing first copper cathode production at the Florence Copper facility in Q4 2025, marking a significant milestone.

product launch
Dec 31, 2025, 8:00:00 AM UTC

First Copper Production at Florence Copper

Taseko anticipates first copper production at Florence Copper by the end of 2025, marking a significant milestone for the project.

product launch
Dec 31, 2025, 8:00:00 AM UTC

Yellowhead Project Technical Report

Taseko plans to publish a new technical report for the Yellowhead project in 2025, incorporating updated costs and metal prices.

other
Jan 1, 2026, 6:59:59 AM UTC

First Copper Production Target

Taseko Mines aims for first copper production at the Florence Copper project by the end of 2025, with construction currently at 78% completion as of March 31, 2025.

product launch