Taseko Projects Strong Copper Output Ramp-Up at Florence Mine by 2027

Taseko Mines

Arizona Site Targets 40–50mn lbs in 2026 Before Full Capacity in 2027–28

Gibraltar Production Set to Normalize as Florence Project Joins Portfolio

Taseko Mines, a Canadian mining company, expects to produce 40–50 million pounds of copper at its Florence project in Arizona during 2026, as the site ramps up toward full-scale operations. Output is scheduled to begin by the fourth quarter of 2025, with 2026 marked as the primary ramp-up year for the in-situ copper mine.

Florence Mine Nears Nameplate Capacity, Bolstering Taseko’s Copper Portfolio

Taseko projects copper production at Florence will reach up to 80 million pounds or higher in 2027, nearly hitting the site’s design capacity of 85 million pounds per year. The Florence mine, which utilizes in-situ solvent extraction technology, will become the company’s second major operation alongside its Gibraltar mine in British Columbia.

Gibraltar Mine Production to Stabilize as Taseko Eyes Recovery

The company also expects Gibraltar copper output to normalize in 2025, forecasting production in the range of 120–130 million pounds. This two-pronged production strategy will reinforce Taseko’s standing as a significant North American copper producer, supporting supply amid a tightening global market.

Despite these growth prospects, Taseko reported a C$13.4 million ($9.4 million) net loss for the year, reversing a C$82.7 million profit in 2023. Nonetheless, revenues climbed 16% to C$608 million, underscoring the company’s potential for rebound as Florence ramps up.