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An update from Taseko Mines ( (TSE:TKO) ) is now available.
Taseko Mines reported its 2024 financial results, highlighting a full-year adjusted EBITDA of $224 million and earnings from mining operations of $244 million. Despite a net loss of $13 million, the company saw potential growth with the acquisition of the remaining interest in the Gibraltar Mine and advances in the Florence Copper project. Copper production is expected to rise in 2025, with first production from Florence Copper by the year’s end. The company benefits from favorable copper prices and a strong financial position with a cash balance of $173 million.
More about Taseko Mines
Taseko Mines Limited is a mining company based in Vancouver, British Columbia. It is primarily involved in the production and sale of copper and molybdenum, focusing on its Gibraltar Mine in British Columbia and the Florence Copper project in Arizona.
YTD Price Performance: 12.00%
Average Trading Volume: 3,542,502
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $682.5M
Find detailed analytics on TKO stock on TipRanks’ Stock Analysis page.
