Trekor Announces 36 Million Pounds of Copper Production from Gibraltar and Florence Copper in the Second Quarter
Taseko’s steady Gibraltar and Florence ramp-ups keep Trekor on track despite persistent cost inflation.
Trekor Metals reported second-quarter production results for its Gibraltar mine and Florence Copper facility. Gibraltar produced 30.3 million pounds of copper and 559 thousand pounds of molybdenum, with mill throughput and recoveries consistent with the prior two quarters. Florence Copper produced 5.2 million pounds of copper cathode, up from 1.5 million pounds in Q1, with 110 production wells now operating and 26 additional wells planned for August. Annual guidance was reaffirmed: Gibraltar 110–115 million pounds and Florence 30–35 million pounds of copper in 2026. Operating costs at Gibraltar continue to be impacted by higher diesel and explosives costs, consistent with prior disclosures.
Taseko Mines Limited (TKO) issued a routine quarterly production update that maintains its annual guidance. Output at the Gibraltar mine remained steady, while the Florence ramp-up is progressing in line with management’s previously communicated expectations for back-half weighting. The company reaffirmed existing cost headwinds related to diesel and explosives, a disclosure consistent with prior reports. The release contains no material new information that would alter the investment thesis or near-term cash-flow outlook.
Taseko Mines Limited (TKO) is a North American copper producer operating the Gibraltar open-pit mine in British Columbia, which it owns 100% with an annual capacity of approximately 130 million pounds. The company also owns 100% of the Florence in-situ copper recovery (ISCR) project in Arizona, which is ramping up to 85 million pounds per year.
Additionally, Taseko holds the advanced-stage Yellowhead copper project in British Columbia, which has a 25-year life and an average production rate of 178 million pounds per year. The company also possesses the New Prosperity gold-copper project, for which it has an agreement with the Tŝilhqot’in Nation, as well as the Aley niobium project. The company’s strategy centers on organic growth from existing assets, with Florence serving as the near-term catalyst and Yellowhead as a long-term option.