Taseko Mines Limited (TGB) Releases its Earnings Report for the Second Quarter of 2025

Core Insights - Taseko Mines Limited (NYSE:TGB) is recognized as one of the 10 cheapest penny stocks to buy currently [1][4] Financial Performance - For Q2 2025, Taseko reported revenue of $116 million and an adjusted net loss of $0.04 per share, slightly below analyst expectations [2] - Despite the revenue shortfall, the stock price increased by 0.7% after hours to $4.26, indicating investor confidence in the company's operational progress [2] Key Developments - The company has restarted the Gibraltar SXEW plant in British Columbia and made significant advancements in the Florence Copper project in Arizona [3] - The Florence Copper project is projected to produce 40-50 million pounds of copper in its first year and has an after-tax NPV of $930 million at a copper price of $3.75 per pound [3] Future Outlook - Taseko is well-positioned for growth with a strong cash balance of $122 million and total liquidity nearing $200 million, despite facing short-term revenue challenges [4] - The company focuses on acquiring, developing, and operating mineral properties, particularly in copper, molybdenum, gold, niobium, and silver [4]