Taseko Mines Reports Q2 2025 Net Income of $22 Million, Gibraltar Mine Resumes Copper Production

Taseko Mines reported a Q2 net income of $22 million, or $0.07 per share, despite operational challenges. The Gibraltar mine produced 19.8 million pounds of copper at a C1 cost of $3.14 per pound, and the Florence Copper project is over 90% complete, with first production targeted for the end of 2025. The company maintains a strong liquidity position with $122 million in cash and $197 million in total available liquidity.

Title: Taseko Mines Reports Q2 Financial Results Despite Operational Challenges

Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) reported its second quarter 2025 financial results, showcasing resilience despite operational challenges. The company reported an Adjusted EBITDA of $17 million, net income of $22 million ($0.07 per share), and an Adjusted net loss of $13 million ($0.04 loss per share). Revenues for the quarter stood at $116 million, primarily driven by the sale of 19 million pounds of copper and 178 thousand pounds of molybdenum [1].

The Gibraltar mine, which accounts for 100% of Taseko's copper production, produced 19.8 million pounds of copper at a total operating cost (C1) of $3.14 per pound. The mine's copper head grade was 0.20%, and recovery was 63% for the quarter. The company also reported significant progress at the Florence Copper project, with construction over 90% complete and first copper production targeted for the end of 2025 [1].

Despite the operational challenges, Taseko maintained a strong liquidity position, with $122 million in cash and $197 million in total available liquidity. The company also reported progress on its long-term growth portfolio, including the Yellowhead project, which has an after-tax NPV of $2 billion and an internal rate of return of 21% at a copper price of $4.25 per pound. Additionally, Taseko reached an agreement with the Tŝilhqot'in Nation and the Province of BC on the New Prosperity project, receiving a $75 million payment from the Province [1].

Overall, Taseko's Q2 results reflect a company that is making progress on its long-term strategic goals, despite facing operational challenges. The company's strong liquidity position and progress on its long-term growth portfolio provide a positive outlook for future growth.

# References:
[1] https://tasekomines.com/investors/news/taseko-announces-second-quarter-financial-and-operational-results