Taseko Posts $230M Full-Year EBITDA, $116M Q4 EBITDA and Begins Florence Cathode
Taseko posted 2025 Adjusted EBITDA of $230M on $673M revenue, reporting a net loss of $30M ($0.09/share) and adjusted net income of $27M ($0.07/share). In Q4 it generated $116M of Adjusted EBITDA, produced 31M lbs of copper at US$2.47 C1 cost and commenced cathode production at Florence Copper.
1. Full-Year 2025 Financial Results
Taseko reported Adjusted EBITDA of $230.4 million and revenues of $672.9 million from 99 million pounds of copper and 1.9 million pounds of molybdenum. The company recorded a net loss of $30.1 million ($0.09 per share) and adjusted net income of $27.1 million ($0.07 per share) for the year.
2. Q4 Operational Highlights
In the fourth quarter, Taseko generated Adjusted EBITDA of $116.5 million and operating cash flow of $101 million. Net income was $4 million ($0.01 per share) with adjusted net income of $42 million ($0.11 per share), and Gibraltar produced 31 million pounds of copper at a total operating cost (C1) of US$2.47 per pound.
3. Florence Copper Commissioning
Electrowinning at Florence Copper commenced earlier this week, initiating cathode plating as injection of leach solution continues in the wellfield. Initial wellfield performance has met expectations, and drilling has resumed with four rigs to expand the wellfield and support production ramp-up.
4. 2026 Production Outlook
Taseko is targeting total copper production of 110–115 million pounds in 2026 at Gibraltar, driven by established mining in the Connector pit. Florence Copper is expected to produce 30–35 million pounds of copper cathode, with ramp-up focusing on adding wells and expanding the wellfield throughout the year.