JUNIORMETRICS

Trekor Metals Limited

TGB·TKO·TKO·$7.95·$2.9B cap
CopperGibraltar Copper-Molybdenum Mine, BC (and Florence Copper In-Situ Recovery, Arizona) Map

Formerly Taseko Mines Limited, the company was renamed Trekor Metals Limited effective June 25, 2026 following shareholder approval at its June 24 AGM (ticker symbols TGB on NYSE American and TKO on TSX/LSE were unchanged). It operates the Gibraltar copper-molybdenum mine in British Columbia and the newly commissioned Florence Copper in-situ recovery (SX/EW) project in Arizona, which harvested its first cathodes in late February 2026; Q1 2026 revenue rose 70% year-over-year to $237 million on sales of 27 million pounds of copper, with adjusted EBITDA of $93 million.

Notable vs. Peers

  • Financials score of 2.8/10 is weaker than the peer average of 5.6/10.

Lifecycle Milestones

Grassroots
Resource Def.
PEA
PFS
Feasibility
Permitting
Construction
ProductionCurrent

Construction Milestones

5 of 5 reached
  1. Reached — date not disclosed · Source
  2. Sep 2017 · Source
  3. Reached — date not disclosed · Source
  4. Reached — date not disclosed · Source
  5. Reached — date not disclosed · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

Prior Ownership & Infrastructure
Gibraltar Copper-Molybdenum Mine, British Columbia, Canada
Existing MillRoad AccessGrid Power3 of 4 checked, 3 in place

Not yet determined: tailings facility.

Combined view across 2 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.

Combined resource
5.2B lb Cu
Sum of 1 of 2 projects with a disclosed figure; 1 sub-deposit is already counted inside its parent's figure
IRR, per project
  • 47%Florence Copper Project, Pinal County, Arizona, USA
Each project's own figure -- IRR is not additive across independent projects, so these are never combined
Mine life, per project
  • 22 yrsFlorence Copper Project, Pinal County, Arizona, USA
Each project's own figure -- independent mine lives are never added or averaged
Combined NPV, by discount-rate basis
$930M
At 8% discount rate -- Florence Copper Project, Pinal County, Arizona, USA
4.7/10
Weak track recordStrong track record
4.7/10 vs.
2.8/10
Thin runwayWell-capitalized
2.8/10 vs.
How this is calculated
6.3/10
Weaker depositStronger deposit
6.3/10 vs.
How this is calculated
9.1/10
Harder place to buildEasier place to build
9.1/10 vs.
What goes into it
  • Jurisdiction (40%, counts 50% here)9/10

    British Columbia: Fraser PPI 2025 is 74.28 of 100 (rank 31 of 68), which maps to 9 on this site's scale. Trekor Metals' flagship is the Gibraltar copper-molybdenum mine in south-central British Columbia, Canada, the country's second-largest copper mine. British Columbia is a top-tier mining jurisdiction, scored 9 like most British Columbia companies on this site. Its Florence Copper in-situ recovery operation in Arizona, USA, is also in a top-tier jurisdiction.

  • Infrastructure (40%, counts 50% here)9.3/10

    A confirmed mill, confirmed road access, and confirmed grid power at Gibraltar Copper-Molybdenum Mine, British Columbia, Canada; tailings facility not yet researched, counted at a neutral 5/10 until established.

  • Nearby producing mine (20%)Not counted: would not raise the score

    Mount Polley (Imperial Metals Corporation) is 43 km away and would score 8.5/10 on its own, but that is below what this company's other researched inputs already give it. A nearby producing mine can only raise this score, never lower it, so it isn't counted here.

5.7/10
Weaker profileStronger profile
5.7/10 vs.
Price Chart
$3.17$5.35$6.77$6.88$7.95AugDecAprJulOct
Aug 12, 2025 – Oct 20, 2026
News
$7.95
+117.2%from low-19%from high
$3.66$9.82
See who ↓
1.5%
Low alignmentHigh alignment
1.5% vs.
See who ↓
56.6%
Low alignmentHigh alignment
56.6% vs.
$2.9B
Far belowFar above
$2.9B vs. $750.3M peer median
Price (USD - Local)
$7.95
Cash Position (USD)
$130.9M
Far belowFar above
$130.9M vs. $87.7M peer median
Debt (USD)
$523.8M
Far aboveFar below
$523.8M vs. $39M peer median
$3.3B
Far belowFar above
$3.3B vs. $720.6M peer median
365.6M
Far aboveFar below
365.6M vs. 481.1M peer median
Jurisdiction
Canada
15,019,496,185 lb Cu
Feeds Deposit Quality score
Measured9,051,341,883 lb Cu
Indicated5,968,154,302 lb Cu
Inferrednot scored1,183,311,466 lb Cu
Total resource16,202,807,651 lb Cu
Far belowFar above
15B lb vs. 2.1B lb peer median
Compares M&I only — Inferred isn't compared or scored.
$0.22/lb
M&I
Total resource (incl. Inferred)$0.204/lb
Peer median $0.042/lb
Far aboveFar below
$0.22/lb vs. $0.083/lb peer median
Cut-off: Gibraltar Mine: 0.15% Cu (reserve cut-off); Florence Copper: no cut-off grade applied (in-situ copper recovery)
Open pit
See projects ↓
$2.63/lb
See projects ↓
See projects ↓
See projects ↓
$3.75/lb39% below reference ($6.14/lb)2022 study
See projects ↓
1.5%
0%100%
1.5% vs. 10.4% peer median
56.6%
0%100%
56.6% vs. 2.7% peer median
43 kmfrom Imperial Metals Corporation's Mount Polley
Within regional-platform range (~50km)

Acquisition Susceptibility

How this is calculated
6.3/10
Unlikely bolt-onFits the takeout profile

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.

How this score is built

  • Disclosed pending deal
    Sub-score: Not scored

    No pending acquisition or merger disclosed (checked)

    Not scored: having no deal in flight isn't held against a company.

    Weight 26.25%
  • Producer's strategic stake
    Sub-score: Not scored

    No producer holds a disclosed stake on file (holder register researched) See holders

    Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.

    Weight 25%
  • Distance to a producing mine
    Sub-score:
    5.7/10

    Nearest producing mine: Mount Polley (Imperial Metals Corporation), 43 km

    10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.

    Weight 22.5% · 46% here
  • Lifecycle stage
    Sub-score:
    5.5/10

    Stage: Production

    Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.

    Weight 15% · 31% here
  • Jurisdiction
    Sub-score:
    9/10

    Canada: jurisdiction score 9/10

    Our jurisdiction score, used as is: higher means lower political and permitting risk.

    Weight 6.75% · 14% here
  • Commodity
    Sub-score:
    8/10

    Primary commodity: Copper

    Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.

    Weight 4.5% · 9% here

Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.

Overall Score Trend
+0% since 2026-07-30 · -21.9% from peak

Your Rankings

Community Sentiment
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CategoryCommunityYour Ranking
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Management Team

President and Chief Executive Officer of Trekor Metals Limited, the copper producer formerly named Taseko Mines Limited, whose principal assets are the Gibraltar mine in central British Columbia and the Florence Copper project in Arizona.

Chief Financial Officer of Trekor Metals Limited (formerly Taseko Mines Limited), a position he has held since 2019.

Chief Operating Officer of Trekor Metals Limited (formerly Taseko Mines Limited), appointed in November 2023. Joined the company in 2014 as General Manager of the Gibraltar mine before moving to the corporate leadership team as Senior Vice President, Operations, and was closely involved in the permitting and technical de-risking of the Florence Copper project.

Vice President, Engineering at Trekor Metals Limited (formerly Taseko Mines Limited), appointed to the role Jul 2021 after joining as Chief Engineer in Jul 2018. Focus on advancing engineering and environmental aspects of the company's development pipeline; added 6 years of mine life at Gibraltar and enhanced the Yellowhead Project design. Immediately before Taseko, progressively senior roles at Teck Resources' Highland Valley Copper operations (mine engineering, mine operations, business improvement, tailings-dam construction). BASc (Mining Engineering), University of British Columbia; MBA, Queen's University. Qualified Person (NI 43-101).

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money
2/10

Our own shareholder register for Trekor is empty, which is a gap in our data rather than a fact about the company -- roughly 207 institutions have filed on the stock. Checking that register directly, it resolves to index and quantitative money plus mainstream generalists: the Global X Copper Miners ETF, Mirae Asset's ETFs, Connor Clark & Lunn, Mackenzie Financial, L1 Capital, Renaissance Technologies and Walleye. No dedicated resource specialist holds a meaningful position and no producer holds shares. The Japanese partners in the Gibraltar mine hold their interest in the mine itself rather than in Trekor, and the largest of them, Sojitz, sold out in 2023. There is no insider transaction feed for this listing.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

Trekor Metals, renamed from Taseko Mines in June 2026 with its TGB and TKO tickers unchanged, is a North American copper producer. It operates the Gibraltar copper-molybdenum open-pit mine in British Columbia and the 100%-owned Florence Copper in-situ recovery operation in Arizona, which harvested its first cathodes in February 2026 and is ramping toward its nameplate capacity of 85 million lb a year. Florence's March 2023 technical report shows an after-tax NPV8% of US$930M, a 47% IRR and a 22-year life at a long-term copper price of US$3.75/lb, with a C1 operating cost of US$1.11/lb. Q2 2026 copper production was 36 million lb, up 80% year on year, with Florence contributing for its first full quarter. Gibraltar's total operating cost (C1) was US$2.63/lb in Q1 2026.

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