Taseko Mines Updates Progress at Florence Copper
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
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Taseko Mines updates progress at Florence Copper and announce 2025 production results for the Gibraltar Mine. Construction activity at Florence Copper is now complete and the focus has shifted to wellfield operations and commissioning of the SX/EW plant. Wellfield acidification commenced in early November, and in early December mining solutions were circulating in all the new production wells within the commercial wellfield. Injection flowrates in the wellfield have met or exceeded expectations to-date, resulting in faster initial acidification of the wellfield. The grade of copper recovered in solution from the recovery wells has continued to increase, and the average solution grade has now reached the level required for SX/EW plant operations. Commissioning of the SX/EW plant area has been advancing without any significant issues, and plant operations are expected to commence shortly.
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Analyst Views on TGB
Wall Street analysts forecast TGB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGB is 5.04 USD with a low forecast of 4.68 USD and a high forecast of 5.40 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 8.600
Low
4.68
Averages
5.04
High
5.40
Current: 8.600
Low
4.68
Averages
5.04
High
5.40
About TGB
Taseko Mines Limited is a copper-focused mining company. The Company’s principal assets are the wholly owned Gibraltar mine (Gibraltar), located in central British Columbia (BC) and is one of the copper mines in North America, and the Florence Copper project (Florence Copper), which is located in Arizona and is currently under construction. The Company also owns the Yellowhead copper, New Prosperity copper-gold, and Aley niobium projects in British Columbia. The Yellowhead Project is located in the Thompson-Nicola region of British Columbia, approximately 150 kilometers (km) northeast of Kamloops near the town of Vavenby. The Aley Niobium project is located in northeast British Columbia. The New Prosperity property is located in south-central British Columbia and hosts one of the most significant copper and gold deposits in Canada. It is also located in an area of cultural significance to the Tsilhqot'in Nation, known as Teztan Biny and Nabas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Taseko Mines (TGB) Completes Florence Copper Project Construction, Stock Hits Multi-Year High
- Construction Completion: Taseko Mines announced the completion of construction at its Florence copper project in Arizona, leading to a 3.9% stock increase to $6.56, reflecting market confidence in the company's future prospects.
- Wellfield Operations Progress: The company reported that injection flow rates in the wellfield have met or exceeded expectations, accelerating initial acidification, with SX/EW plant operations expected to commence soon, which will further enhance copper recovery efficiency.
- Gibraltar Mine Performance: At the Gibraltar mine in British Columbia, 2025 copper production is projected at 98 million lbs and molybdenum at 1.9 million lbs, demonstrating the company's stability and growth potential in resource extraction.
- Future Outlook: CEO Stuart McDonald stated that with better positioning in the Connector pit, more consistent quarterly production and higher overall copper output are expected in 2026, reflecting the company's competitive advantage in the market.
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Taseko Mines Updates 2025 Production Results and Progress at Florence Copper Project
- Florence Copper Progress: Taseko has completed construction at the Florence Copper project, shifting focus to wellfield operations and commissioning of the SX/EW plant, with copper cathode production expected to commence shortly, marking a critical operational phase for the project.
- Wellfield Acidification Success: The wellfield acidification, initiated in early November, has progressed well with injection flow rates meeting expectations, and the average copper solution grade has reached the required level for SX/EW plant operations, which is anticipated to enhance copper production efficiency.
- Gibraltar Mine Performance: In 2025, Gibraltar produced 98 million pounds of copper and 1.9 million pounds of molybdenum, with fourth-quarter copper production hitting 31 million pounds, a significant increase over previous quarters, indicating improvements in ore grade and production efficiency.
- Future Outlook: Taseko expects more consistent quarterly production in 2026, particularly after optimizing the layout in the Connector pit, which is likely to further boost overall copper production and strengthen the company's competitive position in the market.
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