Taseko Mines Confirms No Impact from New US and Canadian Trade Tariffs

Taseko Mines has announced that recent US and Canadian trade tariffs will not affect its operations or sales. The company confirmed that its 100%-owned Gibraltar Mine, which produces copper and molybdenum concentrates, remains unaffected. All production from Gibraltar is sold to international metal traders and delivered to Asian markets under offtake contracts secured through the end of 2026, with no changes to these arrangements expected.

Taseko’s Florence Copper Project in Arizona, currently the only new copper mine under construction in the United States, is also not expected to experience any material impact from the tariffs. The project, set to produce its first copper in Q4 2025, will be a significant supplier of refined copper cathode for the US domestic market. Construction procurement for Florence is nearly complete, with all materials either on-site or being fabricated within the United States.

The company also stated that Gibraltar Mine’s operating costs are unlikely to be affected by the retaliatory tariffs announced by the Canadian government. Based on the initial tariff list, no significant changes to operational expenses are anticipated.

Stuart McDonald, President and CEO of Taseko, noted that while the tariffs will not directly impact the company, Taseko remains hopeful for a more constructive trade relationship between Canada and the US, particularly concerning copper and other critical minerals. McDonald emphasized the need for Canada to continue diversifying its economy by accelerating the development of critical mineral projects.