- Business
- Taseko Mines Limited, headquartered in Vancouver, British Columbia, Canada, and founded in 1966, operates as a mining company focused on the acquisition, development, exploration, and production of mineral properties, primarily copper and molybdenum, with additional interests in gold, niobium, and silver; its core assets include the 100%-owned Gibraltar Mine in British Columbia, one of Canada's largest open-pit copper-molybdenum operations producing approximately 130 million pounds of copper and 2.5 million pounds of molybdenum annually, the Florence Copper project in Arizona employing innovative in-situ recovery technology for low-cost copper cathode production with commercial operations commencing in 2025 following construction completion, and development-stage projects such as the Yellowhead copper-gold project in British Columbia where permitting has begun alongside an updated economic study, the Aley niobium project in British Columbia, and the New Prosperity gold-copper project in British Columbia. The company conducts operations and exploration in North America, targeting markets including Asia through long-term supply agreements, and sells concentrates to global smelters and refineries at market-based prices while prioritizing environmental stewardship, operational efficiency, and sustainability. Recent developments encompass the March 2024 acquisition of the remaining 12.5% interest in the Gibraltar Mine from Dowa Metals & Mining and Furukawa Co. for full 100% ownership enhancing attributable copper production by 14% and providing cashflow accretion alongside additional offtake rights; the June 2025 tripartite agreement with the Tŝilhqot'in Nation and the Province of British Columbia resolving long-standing issues at New Prosperity for a $75 million payment, terminating related litigation, and precluding Taseko as future operator; the 2025 initiation of Florence Copper production with initial wellfield flow rates meeting expectations and proximity to first cathode output; improved Q3 2025 financial and operational results driven by higher copper output at Gibraltar; and a December 2024 partnership with Osisko Gold Royalties increasing its silver stream on Gibraltar.