08:29 AM EDT, 07/22/2025 (MT Newswires) -- Taseko Mines ( TGB ) traded 1.2% higher at last look Tuesday on NYSE American pre-market trading as the company reported over 90% completion of the commercial production facility at the Florence copper project in Arizona.

The project remains on schedule for first copper cathode production before the end of the year, Taseko said.

"The first 18 months of construction has gone exceptionally well, demonstrating the quality and experience of our on-site owner's team and contractors," said Stuart McDonald, Taseko's president and CEO. "Construction activities are advancing on plan and project areas will soon start the transition to commissioning."

Bringing the project to production amid potential 50% tariffs on copper bodes well for Taseko, McDonald said.

"It's a great time to be bringing on a new U.S.-based copper mine, and a high Comex copper price premium would provide a further boost to Florence Copper's already strong project economics," McDonald said.