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Taseko Mines Limited (TSE:TKO)
TSX:TKO
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.01Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 9.66%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and successful project advancements, particularly at Florence. However, operational challenges at Gibraltar, including a labor strike and production losses, were significant. Despite these challenges, the overall outlook remains positive with strong revenue records and promising future production forecasts.Company Guidance
During Taseko Mines' 2024 Fourth Quarter Earnings Conference Call, significant guidance was provided regarding the company's operational and financial outlook. The company expects Gibraltar to produce between 120 million and 130 million pounds of copper in 2025, with production weighted towards the latter half of the year. The first quarter is anticipated to be the weakest, with expected head grades below 0.2%, improving thereafter. Molybdenum production is projected to remain strong, providing a byproduct credit of US$0.42 per pound in the fourth quarter. The restart of the SX/EW plant is planned for the second quarter, contributing 3 to 4 million pounds of cathode production this year. At Florence, construction is over 60% complete, with first production anticipated in 10 months. Capital spending at Florence reached US$155 million in 2024, and peak construction spending is expected in the first quarter of 2025. Taseko also aims to advance project permitting for the Yellowhead project, anticipating benefits from new Canadian tax credits and updates to metal price assumptions in an upcoming technical report.Strong Financial Performance
Generated CAD 224 million of adjusted EBITDA and CAD 233 million of cash flow from operations, marking improvements over 2023.
Gibraltar Production Achievements
Gibraltar produced 106 million pounds of copper and 1.4 million pounds of molybdenum in 2024. The operation finished the year with a strong quarter, producing 29 million pounds of copper in Q4 at a cash cost of US$ 2.42 per pound. Mill throughput averaged 89,700 tons per day, exceeding the design capacity of 85,000 tons per day.
Florence Project Advancements
Construction at Florence is progressing smoothly and on schedule, with the overall project completion a little over 60%. First production is expected in about 10 months.
Record Revenue
For the year, sales of 108 million pounds of copper generated revenues of $608 million, the highest Taseko has ever reported.
Positive Production Outlook
Guidance for Gibraltar in 2025 is 120 million pounds to 130 million pounds, with a production profile weighted to the second half of the year.
Successful Bond Refinancing
Opportunistically refinanced bonds earlier in the year, ending 2024 with over CAD 330 million of available liquidity.
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TSE:TKO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TKO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | C$2.90 | C$3.18 | +9.66% |
| Nov 07, 2024 | C$3.08 | C$3.55 | +15.26% |
| Jul 31, 2024 | C$3.02 | C$2.91 | -3.64% |
| May 02, 2024 | C$3.32 | C$3.31 | -0.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Taseko Mines Limited (TSE:TKO) report earnings?
Taseko Mines Limited (TSE:TKO) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Taseko Mines Limited (TSE:TKO) earnings time?
Taseko Mines Limited (TSE:TKO) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TKO EPS forecast?
TSE:TKO EPS forecast for the fiscal quarter 2025 (Q1) is -0.01.
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