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Taseko Mines (TGB)
:TGB
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.03Last Year’s EPS
0.06Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -8.60%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The third quarter showed strong financial performance with increased molybdenum production and significant progress in Florence construction. However, production guidance was revised down due to lower mill availability and the impact of a labor strike. Overall, the highlights indicate positive financial health and project advancement, while the lowlights present operational challenges.Company Guidance
During the Taseko Mines Q3 2024 earnings call, guidance highlighted several key metrics and operational updates. Copper production from the Gibraltar mine reached 27 million pounds with a head grade of 0.23% copper, despite disruptions earlier in the quarter. The company revised its annual copper production forecast to between 105 million and 110 million pounds, down from the original 115 million, due to lower mill availability. Molybdenum production increased significantly to over 400,000 pounds, marking the highest quarterly output since 2021, and is expected to continue at this elevated level. Total site costs remained consistent at $111 million, while C1 cash costs were reported at USD 2.92 per pound. Looking ahead, Taseko anticipates copper production for 2025 to range between 120 million and 130 million pounds, driven by higher grades and increased mill throughput, alongside the restart of the SX/EW plant. Additionally, Taseko highlighted ongoing construction progress at the Florence project, with spending year-to-date at USD 97 million and expected total costs projected to remain within 10%-15% of the $232 million estimate. The company also noted a strong liquidity position with over CAD 200 million in cash and an undrawn credit facility.Strong Financial Performance
Generated $48 million of adjusted EBITDA, $55 million of earnings from mining operations, and $65 million of operating cash flow. Realized copper price was a healthy $4.23 per pound.
Increase in Molybdenum Production
Molybdenum production increased to over 400,000 pounds in Q3, the highest since 2021. This improvement is driven by higher grades in the new Connector Pit.
Florence Construction Progress
Construction activities at Florence have ramped up significantly with 40 out of 90 wells completed. The project remains on schedule for first copper in late 2025.
Improved Cost Structure
Off-property costs are expected to decline as new offtake agreements with negative TC/RCs take effect. TC/RCs are expected to be close to zero in 2025 compared to $0.17 a pound last year.
Strong Liquidity Position
Cash balance of over CAD 200 million and an undrawn credit facility. Pro forma liquidity is approximately CAD 360 million.
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TGB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TGB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $2.21 | $2.56 | +15.84% |
| Jul 31, 2024 | $2.19 | $2.11 | -3.65% |
| May 02, 2024 | $2.38 | $2.40 | +0.84% |
| Mar 08, 2024 | $1.64 | $1.74 | +6.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Taseko Mines (TGB) report earnings?
Taseko Mines (TGB) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Taseko Mines (TGB) earnings time?
Taseko Mines (TGB) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TGB EPS forecast?
TGB EPS forecast for the fiscal quarter 2024 (Q4) is 0.03.
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