--- title: "Trekor Metals Delivers Strong Q2 on Copper Price Tailwinds and Florence Ramp-Up" type: "News" locale: "en" url: "https://longbridge.com/en/news/295027890.md" description: "Taseko Mines (TKO) reported strong Q2 2026 results, with revenues of $331 million and adjusted net income of $40 million, driven by an 80% year-on-year increase in copper production to 36 million pounds. Higher copper prices and the first full quarter of production at Florence Copper contributed to the performance. The company maintained its 2026 guidance for Gibraltar and Florence mines. Analysts maintain a Buy rating with a C$13.50 price target, while TipRanks' AI analyst rates TKO as Neutral due to mixed financial metrics." datetime: "2026-08-05T23:03:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295027890.md) - [en](https://longbridge.com/en/news/295027890.md) - [zh-HK](https://longbridge.com/zh-HK/news/295027890.md) generator: "portal-rs" --- # Trekor Metals Delivers Strong Q2 on Copper Price Tailwinds and Florence Ramp-Up ### Claim 55% Off TipRanks - Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions - Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks Taseko Mines ( (TSE:TKO) ) has provided an update. Trekor reported second-quarter 2026 revenues of $331 million, driven by consolidated sales of 37.5 million pounds of copper and 575 thousand pounds of molybdenum, resulting in Adjusted EBITDA of $125 million and Adjusted net income of $40 million. Strong copper prices and improved output at Gibraltar, combined with the first full quarter of production at Florence Copper, lifted consolidated copper production to 36 million pounds, an 80% year-on-year increase. At Gibraltar, copper production reached 30.3 million pounds at a C1 operating cost of US$2.41 per pound, with higher diesel and explosive costs weighing on site expenses but partially offset by robust molybdenum by-product credits. Florence Copper delivered 5.2 million pounds of copper, as solution flows and pregnant leach solution grades stabilized at expected levels, and ongoing wellfield expansion is expected to support further ramp-up in the second half of the year. Management highlighted that operating cash flow of $183.4 million underscores Trekor’s leverage to copper prices, with additional upside now that legacy copper price collars have matured and no longer cap margins. The company maintained its 2026 production guidance of 110 to 115 million pounds of copper at Gibraltar and 30 to 35 million pounds at Florence, while noting continued progress on Yellowhead permitting following a positive readiness decision from the BC Environmental Assessment Office. The most recent analyst rating on (TSE:TKO) stock is a Buy with a C$13.50 price target. To see the full list of analyst forecasts on Taseko Mines stock, see the TSE:TKO Stock Forecast page. **Spark’s Take on TKO Stock** According to Spark, TipRanks’ AI Analyst, TKO is a Neutral. The score is held back primarily by mixed financial performance—thin profitability, meaningful leverage, and weak/volatile free cash flow—despite improving revenue and positive net income. Technicals are moderately supportive with price above key moving averages and neutral momentum. Valuation is a notable headwind due to a high P/E, while the latest earnings call adds support via positive Florence ramp guidance and strong recent operational results, tempered by inflationary cost pressures and hedge impacts. To see Spark’s full report on TKO stock, click here. **More about Taseko Mines** Trekor Metals Limited is a Vancouver-based mining company focused on copper production, with major operations at the Gibraltar mine in British Columbia and the Florence Copper project in Arizona. The company also produces molybdenum as an important by-product, helping to offset operating cost inflation, and is advancing the Yellowhead copper project through the environmental permitting process. **Average Trading Volume:** 1,167,161 **Technical Sentiment Signal:** Buy **Current Market Cap:** C$3.46B Find detailed analytics on TKO stock on TipRanks’ Stock Analysis page. ### Related Stocks - [TGB.US](https://longbridge.com/en/quote/TGB.US.md) - [TKO.US](https://longbridge.com/en/quote/TKO.US.md) ## Related News & Research - [How Investors May Respond To Trekor Metals (TSX:TKO) Return To First-Half Profitability On Higher Copper Output](https://longbridge.com/en/news/296173854.md) - [Insider Selling: TKO Group (NYSE:TKO) Director Sells 6,546 Shares](https://longbridge.com/en/news/296417935.md) - [Copper Prices Approach Record Highs as AI Data Centers and Supply Tightness Converge: Which US Copper Stocks Are Worth Watching?](https://longbridge.com/en/news/296662311.md) - [Comex Copper Settles 0.30% Higher at $6.5990 — Data Talk](https://longbridge.com/en/news/296818359.md) - [TKO director Nick Khan disposes of USD 2.81 million in Class A common shares](https://longbridge.com/en/news/296414664.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**