The earnings call reflected a mixed sentiment with notable progress on the Florence Copper project and strong financial liquidity being overshadowed by production challenges and a net loss. While there are positive developments, the significant production setbacks and financial loss contribute to a more cautious outlook.
Company Guidance
During the Taseko Mines First Quarter 2025 Earnings Conference Call, the company provided updated guidance for the fiscal year. The Florence Copper project is on track to produce its first copper before the end of the year, with 88 out of 90 production wells completed. Gibraltar produced 20 million pounds of copper in the first quarter at a C1 cost of $2.26 per pound, but production was 10% below expectations due to challenging mining conditions and oxidized ore affecting recovery rates. As a result, copper production guidance for 2025 has been reduced by CAD10 million from the previous range of CAD120 million to CAD130 million. Capitalized stripping costs were CAD38 million, and total site costs for the quarter were CAD107 million. The company ended the quarter with CAD121 million in cash and available liquidity of CAD279 million. Florence construction capital spending is nearing completion, with CAD206 million incurred to date, staying within 15% of the CAD230 million estimate.
Florence Copper Project Progress
The Florence Copper project is moving forward on time and on budget, with the expectation to produce first copper before the end of the year. 88 out of 90 production wells are completed, and all critical path items are moving forward on schedule.
Strong Cash Flow and Liquidity Position
Taseko ended the quarter with CAD121 million of cash and available liquidity of CAD279 million, factoring in the undrawn revolving credit facility.
Protection Against Copper Price Volatility
Taseko has price protection for the year with collars covering the next three quarters, protecting a floor price of CAD4 per pound for most of their production.
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Taseko Mines (TSE:TKO) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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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TSE:TKO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Apr 30, 2025
C$3.22
C$3.13
-2.80%
Feb 20, 2025
C$2.90
C$3.18
+9.66%
Nov 07, 2024
C$3.08
C$3.55
+15.26%
Jul 31, 2024
C$3.02
C$2.91
-3.64%
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 Limited (TSE:TKO) report earnings?
Taseko Mines Limited (TSE:TKO) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Taseko Mines Limited (TSE:TKO) earnings time?
Taseko Mines Limited (TSE:TKO) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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