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. The company also reported significant production results from the Gibraltar Mine for 2025, indicating improvements in copper and molybdenum production. 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, leading to increased copper recovery grades [2] - The SX/EW plant commissioning is progressing smoothly, with operations expected to start soon [2][4] 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 production saw a significant increase, with 31 million pounds of copper produced, and a copper head grade of 0.26% [4] - Molybdenum production in the fourth quarter reached 0.8 million pounds, marking a 50% increase from the previous quarter and the best quarterly production in eight years [4] Group 3: Future Outlook - The company anticipates more consistent quarterly production in 2026, supported by better positioning in the Connector pit and improved overall copper production [5]