Taseko Mines Faces Challenges Amidst Progress at Florence Copper Project

The latest update is out from Taseko Mines ( (TSE:TKO) ).

Taseko Mines reported a challenging first quarter of 2025 with a net loss of $29 million, despite generating $139 million in revenue from copper and molybdenum sales. The Gibraltar Mine faced lower copper production due to oxidized ore and challenging ground conditions, impacting overall productivity. Meanwhile, the Florence Copper project is progressing on schedule, with construction 78% complete and first copper cathode production expected by the end of the year. The company anticipates significant production and cash flow growth as the Florence Copper project nears completion, positioning Taseko as a key North American copper producer.

More about Taseko Mines

Taseko Mines Limited is a mining company primarily focused on copper production. It owns 100% of the Gibraltar Mine located in British Columbia, Canada, and is advancing the Florence Copper project in Arizona, USA.

YTD Price Performance: 14.00%

Average Trading Volume: 12,905,438

Technical Sentiment Signal: Strong Sell

Current Market Cap: $716.8M

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