Is Taseko Mines (TSX:TKO) Turning Higher 2026 Copper Guidance Into a Durable Profit Engine?

• In February 2026, Taseko Mines reported its 2025 results, including CAD 672.9 million in sales, a CAD 30.08 million net loss, and 98.1 million pounds of copper production, while issuing 2026 guidance for 110 to 115 million pounds of copper as mining in the Connector pit becomes more established.
• An important development is the commissioning of Florence Copper and management’s forecast for additional 2026 copper output from this low-cost U.S. operation, alongside stronger fourth-quarter performance at Gibraltar that helped deliver record revenues and solid adjusted EBITDA in 2025.
• We’ll now examine how the higher 2026 copper production guidance, supported by Connector pit progress, affects Taseko Mines’ existing investment narrative.

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Taseko Mines Investment Narrative Recap

To own Taseko Mines, you have to believe its concentrated copper portfolio can turn rising production into stronger cash generation, while Florence Copper ramps up and Gibraltar remains reliable. The new 2026 guidance for 110 to 115 million pounds of copper and initial output from Florence support that production story, but the company is still loss-making and heavily reliant on a few assets, so operational setbacks or cost pressure remain the key near term risks.

The most relevant update here is the 2025 results release, which paired record CAD 672.9 million in sales and solid adjusted EBITDA with a CAD 30.08 million net loss. For me, that combination highlights the central catalyst and tension in the Taseko story: higher guided copper volumes from Gibraltar and Florence on one side, and the need to translate those volumes into consistent profitability and balance sheet improvement on the other.

Yet even with higher 2026 copper guidance, investors should be aware that concentration in just a few core assets means…

Read the full narrative on Taseko Mines (it’s free!)

Taseko Mines’ narrative projects CA$1.2 billion revenue and CA$257.2 million earnings by 2028. This requires 27.8% yearly revenue growth and a CA$285.3 million earnings increase from CA$-28.1 million today.

Uncover how Taseko Mines’ forecasts yield a CA$10.57 fair value, a 13% downside to its current price.

Exploring Other Perspectives

Before this news, the most optimistic analysts were assuming revenue could reach about CA$1.4 billion and earnings around CA$321 million, which is far more upbeat than the base case and leans heavily on Florence Copper ramping smoothly without major delays or cost surprises.

Explore 5 other fair value estimates on Taseko Mines – why the stock might be worth over 2x more than the current price!

Decide For Yourself

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

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and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
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