Why Taseko Mines (TSX:TKO) Is Up 11.3% After Swinging to Profit Despite Lower Copper Production and What’s Next

• Taseko Mines Limited recently reported second quarter 2025 results, posting CA$116.08 million in sales and CA$21.87 million in net income after a year-ago loss, despite lower copper production and continued processing of lower-grade stockpiles at its Gibraltar mine.
• This turnaround was accompanied by ongoing progress in regulatory review for a proposed new British Columbia copper mine and updated company guidance projecting increased copper and molybdenum output in the second half of 2025.
• We'll explore how the company's return to profitability, despite softer sales, could shift the outlook for Taseko Mines' investment narrative.

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Taseko Mines Investment Narrative Recap

To be a Taseko Mines shareholder, you typically have to believe in the company’s ability to ramp up copper and molybdenum production while successfully developing new projects, such as the Florence and Yellowhead mines. The recent return to profitability is encouraging, but with lower copper grades and existing operational challenges, execution on production guidance remains the most important short-term catalyst; persistent mill recoveries or unplanned downtime remain significant risks. The impact of the latest earnings does not materially change these immediate priorities.

Among the latest developments, Taseko’s updated production guidance for 2025 stands out, copper output is expected between 110 million and 120 million pounds, with a forecasted increase in molybdenum production for the second half of the year. This guidance will likely set investor expectations and may prove central to whether the company can sustain its positive earnings momentum, making operational consistency at Gibraltar a focal point for the months ahead.

By contrast, shareholders need to be aware of the potential for ongoing milling disruptions and how even incremental setbacks at Gibraltar could affect expected output and ...

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

Taseko Mines' outlook anticipates CA$1.3 billion in revenue and CA$373.2 million in earnings by 2028. This implies a 29.5% annual revenue growth rate and a CA$434.1 million increase in earnings from the current CA$-60.9 million.

Uncover how Taseko Mines' forecasts yield a CA$5.47 fair value, a 18% upside to its current price.

Exploring Other Perspectives

Three fair value estimates from the Simply Wall St Community range from CA$4.57 to CA$24.80 per share, showing a wide spread of views. With Taseko Mines’ latest guidance calling for a production uptick, the gap in forecasts underscores how much investors’ expectations for operational delivery can shape opinions, see how other community viewpoints compare.

Explore 3 other fair value estimates on Taseko Mines - why the stock might be worth just CA$4.57!

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 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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