Overview

* Taseko Mines ( TGB ) Q2 revenue of CAD 116 mln missed analyst expectations

* Adjusted EPS for Q2 met expectations at CAD 0.04 loss per share

* Co's Gibraltar SX/EW plant restarted, Florence Copper project over 90% complete

Outlook

* Taseko expects copper production of 110-120 mln pounds in 2025

* Florence Copper on track for first production before end of 2025

* Company forecasts higher molybdenum grades in Connector pit ore

* Taseko has copper collar contracts securing US$4.00 per pound for 54 million pounds of copper for the remainder of 2025

Result Drivers

* GIBRALTAR PRODUCTION - Copper production at Gibraltar was in line with plan, despite low-grade stockpiled material impacting recoveries

* SX/EW PLANT - Restart of Gibraltar's SX/EW plant contributed to copper cathode production

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss C$116.08 C$140.20

Revenue mln mln (3

Analysts

)

Q2 Meet -C$0.04 -C$0.04

Adjusted (5

EPS Analysts

)

Q2 -C$13.02

Adjusted mln

Net

Income

Q2 Net C$21.87

Income mln

Q2 C$17.43

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialty mining & metals peer group is "buy"

* Wall Street's median 12-month price target for Taseko Mines Ltd ( TGB ) is C$5.30, about 20.2% above its August 5 closing price of C$4.23

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)