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Taseko Mines Limited (TGB)
:TGB
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
-0.01Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the quarter and annual results show material operational and financial progress: Florence achieved first copper production with encouraging early wellfield performance, Gibraltar delivered a strong Q4 with improved grades, record revenues were recorded, adjusted EBITDA and operating cash flow strengthened materially, and liquidity remains robust. Offsetting these positives are operational challenges at Gibraltar (unscheduled downtime, more supergene/oxide material and grade-model revisions), a fatal safety incident, minor commissioning delays at Florence and some near-term accounting impacts as capitalized commissioning costs are expensed. On balance the positive operational momentum, strong commodity pricing (copper ~25% higher YoY), significant cash generation and valuable project optionality outweigh the challenges.Company Guidance
Florence Copper Achieves First Production
Electrowinning circuit turned on and copper plating underway; first cathodes expected within days. Wellfield solutions have been flowing for ~3 months with higher-than-expected injection flow rates and accelerated acidification leading to faster-than-expected PLS grade ramp-up. Company expects Florence to produce approximately 30–35 million pounds of copper in 2026 and plans to add 80–100 new wells per year to support long-term production growth.
Strong Q4 Operational Performance at Gibraltar
Gibraltar Q4 copper head grade rose to 0.26% with recoveries of 81%, producing 31 million pounds of copper in the quarter. Molybdenum production was 800,000 pounds in Q4 — the best quarterly moly production in the mine's history. Higher grades and recoveries contributed to the quarter being the strongest production quarter of 2025.
Improved Unit Costs and Annual Production
Gibraltar Q4 total operating costs dropped to USD 2.47 per pound. For full-year 2025 Gibraltar produced 98 million pounds of copper and 1.9 million pounds of molybdenum at a cost of USD 2.66 per pound. Guidance for 2026 Gibraltar production is 110–115 million pounds of copper with expected annual production remaining in that range ±5% through 2028.
Record Revenues and Strong Realized Prices
Q4 revenue was CAD 244 million (including CAD 25 million of moly revenue); full-year 2025 revenue was CAD 673 million — the highest Taseko has recorded since owning 100% of its assets. Average realized copper price in 2025 was USD 4.61/lb, with Q4 realized price of USD 5.13/lb. Management notes copper prices are roughly 25% higher than last year’s average.
Material Improvement in Profitability Metrics
Adjusted EBITDA in Q4 was CAD 116 million, up from CAD 56 million in Q4 2024 (approximately +107% YoY) and up from CAD 62 million in Q3 2025 (≈+87% QoQ). Full-year adjusted EBITDA was CAD 230 million, slightly higher than the prior year.
Strong Cash Generation and Liquidity
Cash flow from operations in Q4 was CAD 101 million; Gibraltar contributed CAD 72 million of free cash flow in Q4 and CAD 220 million of operating cash flow for the year. Year-end cash balance was CAD 188 million plus an undrawn USD 110 million revolving credit facility, giving total liquidity of approximately CAD/USD 340 million.
Florence Capital Spend Controlled and Near Budget
Final capital cost for the Florence commercial facility was USD 275 million, approximately 3% over the revised early-2024 budget. Capital spending fell to USD 8 million in Q4 as construction wound down; CAD 60 million of site operating and commissioning costs were capitalized in Q4 and will begin to be expensed as cathode production commences.
Portfolio Optionality and Project Value Upside
Yellowhead technical report confirms strong economics — previously modeled at USD 4.25/lb copper gave an after-tax NPV of CAD 2 billion; management estimates that at current prices the after-tax NPV could be ~CAD 4 billion. New Prosperity has an agreement with the Tsilhqot'in Nation and remains a valuable long-term asset. Niobium project in northern BC is also highlighted as one of the largest undeveloped deposits globally.
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 |
|---|---|---|---|
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% |
May 01, 2025 | $2.21 | $1.96 | -11.31% |
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 May 06, 2026, After Close (Confirmed).
What is Taseko Mines Limited (TGB) earnings time?
Taseko Mines Limited (TGB) earnings time is at May 06, 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 (Q1) is 0.11.