Taseko Mines Limited (TGB)
:TGB
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.07Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive operational and financial picture driven by the successful startup and initial ramp of Florence, strong Gibraltar production, record quarterly revenue, solid cash generation, and improved molybdenum performance. Notable headwinds include cost inflation (diesel, explosives), elevated site costs (+13% vs Q4), temporary production/throughput impacts and realized price dilution from hedges. Management provided clear ramp guidance for Florence and confidence in liquidity and deleveraging potential later in the year.Company Guidance
Florence First Production and Ramp Plan
Achieved first copper cathode production in late February; harvested ~1.5 million pounds of cathode in Q1. Approximately 90 production wells producing at a consistent daily rate of 55,000–60,000 lbs (≈1.5–1.8 million lbs/month). Five drill rigs operating; +20 wells coming online in May and +26 later in the summer, with further monthly additions through year-end. Company guidance of 30–35 million lbs of copper for 2026 (weighted to H2) and target steady-state capacity of 80–85 million lbs in 2027.
Strong Gibraltar Production
Gibraltar produced 30 million pounds of copper and just over 700,000 pounds of molybdenum in Q1. Head grade 0.25% (slightly above life-of-mine reserve grade) and copper recoveries of 83%. SXEW plant produced 733,000 pounds of copper cathode and was kept operational through winter.
Record Quarterly Revenue
Combined copper and molybdenum sales generated $237 million of revenue in Q1, the highest quarterly revenue in company history.
Strong Cash Generation and Profitability Metrics
Generated $94 million of adjusted EBITDA, $115 million of earnings from mining operations, and $94 million of cash flow from operations in the quarter. Net income of $17 million ($0.05 per share) and adjusted net income of $28 million ($0.08 per share).
Molybdenum Outperformance
Moly sales of 708,000 lbs and moly revenues more than doubled year-over-year, driven by higher grades and a ~25% higher moly price (today > $28/lb).
Liquidity and Balance Sheet Position
Ended the quarter with total available liquidity of $322 million, including $169 million of cash. Management expects liquidity to be maintained in Q2 and to increase in H2, with plans to consider debt reduction/deleveraging later in the year.
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
TGB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $7.52 | $7.25 | -3.59% |
Feb 18, 2026 | $8.02 | $7.67 | -4.36% |
Nov 12, 2025 | $4.60 | $4.79 | +4.13% |
Aug 06, 2025 | $3.05 | $3.11 | +1.97% |
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.
FAQ
When does Taseko Mines Limited (TGB) report earnings?
Taseko Mines Limited (TGB) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Taseko Mines Limited (TGB) earnings time?
Taseko Mines Limited (TGB) earnings time is at Aug 12, 2026, After Close (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 2026 (Q2) is 0.07.