Overview

* Taseko Q3 revenue rose to about C$174 mln, driven by copper and molybdenum sales

* Adjusted net income for Q3 was C$6 mln, with a net loss of C$28 mln

* Gibraltar copper production improved due to higher grades and recoveries

Outlook

* Taseko expects copper production of 100 to 105 mln pounds in 2025

* Company anticipates higher molybdenum production due to improved grades

* Florence Copper to produce first copper cathode early next year

Result Drivers

* HIGHER COPPER GRADES - Gibraltar copper production improved due to mining advancing into higher grade ore in the Connector pit

* FLORENCE COPPER PROGRESS - Substantial completion of SX/EW plant and commencement of wellfield operations at Florence Copper

* FINANCIAL STRENGTHENING - Equity financing strengthened balance sheet, enabling debt repayment and project investment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$5.58

Adjusted mln

Net

Income

Q3 C$62.14

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$6.10, about 10.3% below its November 12 closing price of C$6.73

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

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(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.)