Florence Copper Launch and Gibraltar Restart Might Change The Case For Investing In Taseko Mines (TSX:TKO)

• On August 21, 2025, Taseko Mines Limited reported its second quarter earnings and highlighted the restart of its Gibraltar SXEW plant in British Columbia, along with major progress at the Florence Copper project in Arizona.
• A unique insight from the announcement is that the Florence Copper project is expected to add 40–50 million pounds of copper in its first year, with a US$930 million after-tax net present value at US$3.75 per pound.
• To understand the implications of restarting Gibraltar SXEW, we’ll examine how these operational advances impact Taseko Mines’ investment narrative.

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Taseko Mines Investment Narrative Recap

Investors in Taseko Mines need to believe in the company’s ability to bring new copper production online cost-effectively while managing project execution risks. The restart of the Gibraltar SXEW plant and progress at the Florence Copper project directly address the most important short-term catalyst, the ramp-up of Florence, yet concerns over capital costs and operational efficiencies, especially at Gibraltar, remain material risks to the business in the near term.

Among the recent developments, the announcement that Florence Copper construction is over 90% complete, with first production targeted for year-end, stands out. This update adds visibility to the timing of new output and supports the catalyst around increased copper production, though the company’s ongoing exposure to potential cost overruns still warrants close attention.

However, when it comes to the real impact of operational concentration at just two assets ...

Read the full narrative on Taseko Mines (it's free!)

Taseko Mines' outlook anticipates CA$1.2 billion in revenue and CA$257.2 million in earnings by 2028. This scenario requires a 27.8% annual revenue growth rate and an earnings increase of CA$285.3 million from the current level of CA$-28.1 million.

Uncover how Taseko Mines' forecasts yield a CA$5.76 fair value, in line with its current price.

Exploring Other Perspectives

Simply Wall St Community members provided three separate fair value estimates for Taseko Mines, ranging from CA$4.57 to CA$20.59 per share. While some expect significant upside, many analysts continue to flag operational concentration as a key issue for future business resilience, suggesting readers consider a variety of viewpoints before forming their own outlook.

Explore 3 other fair value estimates on Taseko Mines - why the stock might be worth over 3x more than the current price!

Build Your Own Taseko Mines Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Taseko Mines research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Taseko Mines research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Taseko Mines' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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