How did TC's Q4 earnings surprise impact its annual performance?

Taseko Mines Limited (TC) experienced a significant challenge in its fourth quarter (Q4) of 2024, with a substantial net loss of $21 million and a negative earnings per share (EPS) of $0.07. However, the company's annual performance showed resilience, with full-year adjusted EBITDA of $224 million and earnings from mining operations before depletion and amortization and non-recurring items amounting to $244 million. The annual net loss of $13 million and adjusted net income of $57 million, equivalent to $0.19 per share, indicate a healthier financial outlook compared to the challenging Q4.

The Q4 earnings surprise had a dampening effect on TC's annual performance, primarily due to the significant net loss incurred during that period. However, the company's strong operational performance and strategic initiatives, such as the acquisition of the remaining interest in the Gibraltar Mine, contributed to the overall annual profitability.