**Summary**
Taseko Mines Limited provided an update on its Florence Copper project and 2025 production results for the Gibraltar Mine. At Florence Copper, construction is complete, and operations have shifted to wellfield activities and commissioning of the SX/EW plant. Wellfield acidification and solution circulation are progressing well, with injection flowrates meeting or exceeding expectations. Copper recovery grades have reached the required levels for SX/EW plant operations, and the plant is expected to start operations shortly, with first copper cathode production anticipated within weeks. Expansion of the wellfield is ongoing to support increased copper production.
At Gibraltar Mine, 2025 production totaled 98 million pounds of copper and 1.9 million pounds of molybdenum, with sales matching production figures. Fourth-quarter copper production saw a significant increase to 31 million pounds, driven by higher grades and improved ore quality. However, production was impacted by unscheduled mill downtime due to maintenance and a site-wide shutdown in November. Molybdenum production in Q4 was the highest in eight years. Taseko expects more consistent production in 2026 as operations stabilize in the Connector pit.
The company highlighted various risks and uncertainties, including market price fluctuations, operational challenges, regulatory compliance, and geopolitical events, which could impact future performance. Investors are advised to review Taseko’s filings for detailed risk factors.