Taseko(US:TGB) Globenewswire·2026-01-13 13:30Core Viewpoint - Taseko Mines Limited has successfully transitioned from construction to early-stage operations at Florence Copper, with positive initial copper recoveries and plans for the SX/EW plant to commence operations shortly [2][4]. Group 1: Florence Copper Update - Construction at Florence Copper is complete, and operations have shifted to wellfield operations and commissioning of the SX/EW plant [2]. - Wellfield acidification began in early November, with mining solutions circulating in all new production wells by early December, exceeding expectations for injection flowrates [2]. - The average solution grade of copper recovered has reached the level required for SX/EW plant operations, with commissioning progressing smoothly [2]. Group 2: Gibraltar Mine Production Results - In 2025, Gibraltar produced 98 million pounds of copper and 1.9 million pounds of molybdenum, with sales matching production figures [4]. - Fourth quarter copper production was 31 million pounds, a significant increase from previous quarters, with a copper head grade of 0.26% and recoveries at 81% [4]. - Molybdenum production in the fourth quarter was 0.8 million pounds, approximately 50% higher than the third quarter, marking the best quarterly production in eight years [4]. Group 3: Future Outlook - The second half of 2025 saw notable improvements in Gibraltar's production due to higher grades and better quality ore [5]. - The company anticipates more consistent quarterly production in 2026, with expectations for higher overall copper production as operations stabilize [5].