What Taseko Mines does

Taseko Mines (renamed Trekor Metals Limited effective June 25, 2026) is a Canadian-domiciled, publicly traded copper mining company (TSX: TKO; NYSE American: TGB; LSE: TKO) that operates a multi-asset North American copper production platform. Its foundational asset is the Gibraltar Mine in British Columbia's Cariboo region — Canada's second largest open-pit copper mine producing over 135,000 tonnes of copper annually alongside molybdenum byproduct — supplemented by Florence Copper in Arizona, which commenced commercial production in February 2026 as the first new greenfield copper operation in the U.S. since 2008. Florence Copper is the world's first successful greenfield in-situ copper recovery (ISCR) operation, combining underground solution mining with solvent extraction/electrowinning (SX/EW) to produce LME Grade A copper cathode, targeting 85 million lbs/year at nameplate over a 22-year mine life (minimum 1.5 billion lbs total).

The company's core technology is proprietary ISCR combined with SX/EW processing, offering lower capital intensity and reduced environmental footprint versus conventional mining. The development pipeline includes the advanced-stage Yellowhead Project in British Columbia (acquired 2018) and additional mineral properties (Aley, New Prosperity). Revenue is generated through direct B2B commodity sales of copper cathode, copper concentrate, and molybdenum to metal traders, smelters, and industrial end-users at LME-determined market prices, with a copper stream and offtake agreement with Mitsui & Co. covering Florence Copper output. Customers span U.S. domestic manufacturing sectors including automotive, semiconductors, defense/aerospace, and AI data centers.

Go-to-market is sales-led and commodity-driven, with investor relations across three stock exchanges as the primary commercial interface. Q1 2026 revenue reached $237.1M (up 70% YoY) with adjusted EBITDA of $93.5M (up 172% YoY), supported by Gibraltar record full-year 2025 revenue of CAD $673M and the onset of Florence Copper commercial production. The company is funded by approximately $800M+ raised across 2022-2025 including a $500M senior secured notes offering (2024), a $150-170M bought deal (October 2025), and strategic capital from Mitsui ($50M, 2022) plus debt/royalty facilities from Societe Generale and Taurus ($100M, 2023).

Name

Taseko Mines

Legal name

Trekor Metals Limited

Website

https://tasekomines.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Taseko Mines (now Trekor Metals) is a Canadian-domiciled, publicly traded copper mining company operating the Gibraltar Mine in British Columbia and Florence Copper in Arizona — the world's first greenfield in-situ copper recovery operation — selling copper cathode and concentrate to U.S. manufacturers and global commodity markets.

Ownership category

akta.pro rank

Product category

Copper Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Copper, Nickel, Lead, and Zinc Mining (21223)

SIC

Metal Mining (1000), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

akta.pro secondary industries

Copper Exploration & Resource Development (IMAKADAA), Copper Anode/Cathode Production & Handling (IMAKADAG), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH), Copper Mine Engineering, EPC & Expansion Projects (IMAKADAM), Copper Tailings, Waste & Water Management (IMAKADAL)

Keywords

• Copper mining
• Copper cathode production
• Molybdenum byproduct
• In-situ copper recovery
• Mineral property development

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Copper Sales: Taseko generates revenue primarily through the sale of copper cathode and copper concentrate. Production comes from two operating mines: Gibraltar Mine in British Columbia and Florence Copper in Arizona. Revenue is commodity-price driven, with copper prices determined by the London Metal Exchange (LME). The company sold 27 million pounds of copper and 708 thousand pounds of molybdenum in Q1 2026.
2. Molybdenum Sales: Secondary revenue stream from molybdenum byproduct produced at the Gibraltar Mine. The company sold 708 thousand pounds of molybdenum in Q1 2026 alongside its primary copper production.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Taseko Mines operates and develops copper mining properties across North America, producing copper cathode, copper concentrate, and molybdenum for sale to industrial end-users and metal traders. The company runs two producing mines — the Gibraltar open-pit copper-molybdenum mine in British Columbia and the Florence Copper in-situ recovery operation in Arizona — alongside a development pipeline including the Yellowhead, Aley, and New Prosperity projects.

Product overview

Trekor Metals (formerly Taseko Mines) is a leading North American copper producer operating a multi-asset portfolio. The company operates two producing copper mines: the foundational Gibraltar Mine in British Columbia (open-pit copper-molybdenum operation) and the newly commissioned Florence Copper operation in Arizona (in-situ copper recovery). The company has a development pipeline including the Yellowhead Project in BC (potential to be Canada's leading copper producer), the Aley Project, and the New Prosperity project. The company produces copper cathode for US manufacturing sectors including automotive, semiconductors, defense/aerospace, and data centers.

Differentiator

Problem solved

Functional benefit

Products and services

• Gibraltar Mine Large open-pit copper-molybdenum mine located in British Columbia's Cariboo region, approximately 65 km north of Williams Lake. It is Canada's second largest open-pit copper mine, producing 110–115 million pounds of copper annually with a stable, long-life production profile.
• Florence Copper In-situ copper recovery (ISCR) operation in Arizona, the first new major source of U.S. copper in more than a decade and the world's first successful greenfield ISCR operation. Expected to produce 85 million pounds per year at full capacity, with 1.5 billion pounds over a 22-year mine life. All production is designated for U.S. domestic manufacturing sectors.
• Yellowhead Project Advanced-stage copper development project in Thompson-Nicola Region, British Columbia, with the potential to be one of the largest copper producers in Canada. Listed on the BC government's priority major projects list. Represents long-term growth potential for the company.
• Aley Project Mineral property in the company's development pipeline, representing future growth potential for North American copper production.
• New Prosperity Mineral property project representing part of the company's long-term development pipeline alongside the Yellowhead Project.
• Copper Cathode (LME Grade A) Refined LME Grade A copper cathode produced at Florence Copper via in-situ recovery and solvent extraction/electrowinning. Sold to industrial manufacturers in automotive, semiconductor, defense/aerospace, and data center sectors for use in electrification and infrastructure applications.
• Molybdenum Secondary product (byproduct) produced at the Gibraltar Mine alongside copper. Sold as a commodity product at prevailing market prices. The company sold 708 thousand pounds of molybdenum in Q1 2026.

Quantifiable outcome

• Q1 2026 revenue of $237.1 million, up 70% year-over-year
• +4 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Mitsui & Co.coreStrategic or Co-development Partner · 20 December 2022Taseko Mines and Mitsui & Co. entered into a strategic partnership to develop the Florence Copper project in Arizona, involving a US$50 million investment from Mitsui with options for additional funding. The deal includes a copper stream agreement and an offtake contract, with plans to leverage low-carbon copper production and expand US cathode trading. The partnership aims to develop a low-carbon, domestically produced copper supply for North American markets.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Freeport-McMoRan: Largest publicly-traded copper producer globally with extensive North American copper operations. Comparable as a multi-asset copper platform with open-pit mining, byproducts, and a development pipeline, though substantially larger and more diversified.
• Southern Copper Corporation: One of the world's largest integrated copper producers with open-pit mines, SX/EW cathode production, and byproducts. Directly comparable technology stack (open-pit + SX/EW) and end-market exposure, but materially larger scale.
• Glencore: Global mining and trading giant with major copper mining operations and copper concentrate trading business. Comparable as a vertically integrated copper producer and trader with SX/EW capability and offtake/marketing operations.

Direct peers

• First Quantum Minerals: Mid-tier copper producer with operations across multiple geographies including copper concentrate and cathode production. Comparable business model as a growth-oriented copper miner developing new projects while operating producing mines, with similar capital intensity profile.
• Lundin Mining: Canadian-headquartered mid-cap copper miner with producing copper mines and development pipeline. Comparable as a North American copper producer with open-pit operations, copper concentrate output, and growth project pipeline similar in scale.
• Hudbay Minerals: Canadian copper miner operating producing copper mines in the Americas with development-stage projects. Comparable as a mid-cap copper producer with similar geographic focus in North and South America and similar operational profile.
• Capstone Copper: Mid-tier copper producer with operating mines in the Americas focused on copper concentrate and cathode. Comparable as a multi-asset copper platform with similar scale, copper-focused production, and development growth strategy.
• Imperial Metals: Canadian copper and gold miner with British Columbia-based open-pit copper mining operations. Comparable as a BC-based open-pit copper producer with similar regulatory environment and operating jurisdiction as Taseko's Gibraltar mine.
• Antofagasta PLC: Mid-cap copper producer with producing mines, byproducts (molybdenum, gold), and a development pipeline. Comparable multi-asset copper platform with similar revenue model tied to copper prices and LME-driven sales.
• KGHM Polska Miedź: European integrated copper producer with both underground mining and SX/EW cathode production, plus silver byproduct. Comparable technology approach combining conventional mining with hydrometallurgical cathode production and copper-only sales model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/tasekomines
• Facebookfacebook.com/TasekoMines
• LinkedInlinkedin.com/company/taseko-gibraltar-mine

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Taseko Mines