Quarterly ResultNov 4, 2026, 06:17 PM
Taseko Mines Q3 Adj. EBITDA $164M; Net Income Turns Positive
AI Summary
Taseko Mines Ltd. reported strong third-quarter 2026 financial results, with Adjusted EBITDA soaring to $164 million, a 164% increase year-over-year. Net income turned positive at $34 million ($0.09 per share) compared to a net loss in the prior year, while revenues more than doubled to $342 million. The company also announced an increase in its full-year production guidance for the Gibraltar mine. Operations at both Gibraltar and Florence Copper showed significant improvements, with Gibraltar increasing copper production by 23% and Florence Copper ramping up its production significantly.
Key Highlights
- Taseko Mines reports Q3 2026 Adjusted EBITDA of $164 million, a 164% increase year-over-year.
- Q3 2026 net income was $34 million ($0.09 per share), compared to a net loss of $28 million ($0.09 per share) in Q3 2025.
- Revenues in Q3 2026 reached $342 million, up 97% from $174 million in Q3 2025.
- Gibraltar mine produced 33.9 million pounds of copper in Q3 2026, a 23% increase year-over-year.
- Florence Copper produced 7.0 million pounds of copper cathode in Q3 2026, a significant increase from 0 in Q3 2025.
- Gibraltar's full-year copper production guidance increased to 115-120 million pounds from 110-115 million pounds.
- Company had a cash balance of $214 million as of September 30, 2026.
Price Impact
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