Taseko is a Canadian copper mining company with two operating assets: the Gibraltar Mine in British Columbia and the Florence Copper facility in Arizona. Gibraltar is Taseko's primary revenue driver — an open-pit copper-molybdenum mine and the second largest open-pit copper mine in Canada. The mine runs two concentrators at a combined design capacity of 85,000 tons per day, producing copper concentrate (with silver as a by-product) and molybdenum concentrate, plus copper cathode from a SX/EW facility. Gibraltar produced 98 million pounds of copper in 2025 and is expected to produce 110–115 million pounds in 2026. Florence Copper uses in-situ copper recovery (ISCR), injecting a dilute sulfuric acid solution underground to dissolve copper and pumping the solution to the surface for processing into LME-grade copper cathode — no open pit, no blasting. Florence began production in early 2026, with guidance of 30–35 million pounds of copper cathode this year, scaling to 85 million pounds at full capacity. Taseko sells copper concentrate under off-take agreements priced to LME less smelter charges, while cathode is sold directly into the physical market. Revenue is USD-denominated while most Gibraltar costs are in CAD, creating meaningful FX exposure. Beyond its two operating mines, Taseko's key development asset is the Yellowhead Copper Project in BC, a large open-pit copper-gold-silver project with 817 million tonnes of reserves and a 25-year mine life, for which Taseko is exploring joint venture partnerships.
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