Taseko Mines' Valuation After Florence Copper Commissioning and Gibraltar Output Update

Taseko Mines (TSX:TKO) has completed construction at Florence Copper and started operations, alongside reporting 2025 production figures from its Gibraltar Mine. The company's share price has seen a 90-day return of 82.5% and a 1-year total shareholder return. However, the key question is whether the company is still mispriced or if the market already reflects the future growth. According to the most followed narrative, Taseko Mines' fair value is CA$7.72, which sits below the last close at CA$9.91. The company is expected to see improved free cash flow generation and potential deleveraging as new projects come online. However, there are risks around concentration risk around Gibraltar and Florence, as well as permitting and regulatory hurdles that could slow or reshape the long-term project pipeline.