Taseko Mines Limited
(NYSE MKT:TGB)

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. The company also holds 100% interest in Yellowhead co...

Website: http://www.tasekomines.com

Founded: 1999

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Materials Canadian

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• Employees:

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At a glance:

Bull Thesis:

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Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-04-29	2020-02-20	2019-11-06	2019-08-07	2019-05-08	2019-02-12	2018-10-31	2018-08-07	2018-05-02	2018-02-20	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-10-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2012-03-12	2011-11-09	2011-08-10	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-05-13	2009-09-30	2009-08-11	2009-03-31	2008-09-30	2008-08-08	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-12-15	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-03-31

revenues	173,906,000	116,082,000	139,149,000	608,093,000	155,617,000	137,730,000	146,947,000	524,972,000	143,835,000	111,924,000	115,519,000	391,609,000	89,714,000	82,944,000	118,333,000	433,278,000	132,563,000	111,002,000	86,741,000	343,267,000	87,780,000	106,005,000	62,084,000	329,163,000	82,436,000	86,521,000	70,274,000	343,870,000	74,297,000	94,273,000	64,179,000	378,299,000	78,508,000	99,994,000	104,389,000	263,865,000	55,964,000	55,090,000	58,183,000	103,251,000	61,835,000	371,196,000	93,714,000	107,307,000	104,996,000	253,607,000	66,799,000	60,150,000	253,607,000	60,999,000	74,377,000	55,353,000	251,866,000	84,204,000	48,349,000	58,801,000
cost of sales																																																									142,674,000	18,858,000	37,166,000	39,818,000	29,082,000
production costs													-71,144,000										-56,161,000	-258,550,000	-70,119,000	-67,875,000	-54,545,000	-231,867,000	-40,555,000	-58,006,000	-50,635,000	-200,583,000
depletion and amortization													-13,060,000										-27,148,000	-109,756,000	-28,054,000	-30,138,000	-20,184,000	-70,781,000	-20,174,000	-17,955,000	-14,780,000	-47,722,000
other operating income		4,008,000																																																	820,000		5,175,000	42,645,000
insurance recovery				26,290,000		26,290,000
earnings from mining operations	39,242,000		16,366,000	124,780,000	26,686,000	44,948,000	24,419,000	150,414,000	49,452,000	12,070,000	29,112,000	54,235,000	5,510,000		29,267,000	163,805,000	66,670,000	36,946,000	14,475,000	23,725,000	11,811,000	24,824,000		-39,143,000	-15,737,000	-11,492,000		41,222,000	13,568,000	18,312,000	-1,236,000	129,994,000	33,348,000	34,661,000	43,850,000	1,776,000				14,010,000		5,102,000		13,334,000	8,787,000	60,314,000	9,842,000
general and administrative													-2,263,000										-3,898,000	-13,804,000	-2,311,000	-3,500,000	-4,473,000	-13,957,000	-3,328,000	-2,751,000	-4,751,000	-12,775,000
share-based compensation expense													-1,101,000										-184,000
project evaluation expense													-91,000
changes in derivatives and other fair value instruments
other income	22,000		56,000		23,000		138,000	731,000	528,000		434,000	1,758,000	326,000	318,000	337,000	1,483,000	350,000	444,000	352,000	1,495,000	336,000	412,000	395,000	920,000	473,000	343,000	565,000	1,472,000	547,000	328,000	331,000	-6,341,000		322,000	224,000		183,000			594,000	271,000				2,167,000
income before financing costs and income taxes	12,887,000			103,705,000	16,256,000	26,290,000	10,550,000	125,121,000	41,552,000	12,253,000	18,320,000	55,861,000	18,828,000	19,425,000	13,822,000	130,244,000	66,257,000	28,401,000	4,438,000	6,049,000	4,619,000	19,999,000		-61,376,000	-20,740,000	-15,622,000		28,235,000	12,097,000	14,993,000	-5,649,000	92,083,000	23,989,000	26,063,000	33,518,000					9,077,000				3,694,000	4,132,000		930,000
finance income	1,368,000	124,000	1,330,000																				150,000	1,202,000	482,000	299,000	308,000	1,254,000	296,000	321,000	323,000	935,000	403,000	470,000	331,000	1,084,000	279,000	252,000	256,000	167,000	657,000	4,182,000	1,015,000	942,000	1,122,000	12,092,000	1,286,000	1,742,000	12,092,000	3,316,000	4,349,000	3,869,000	17,270,000	4,387,000	9,749,000	1,878,000
finance expense
accretion expense
foreign exchange gain		39,090,000			7,545,000			11,430,000		11,127,000	863,000				4,450,000			3,539,000	3,926,000	4,092,000	6,987,000	13,485,000	-29,233,000	14,779,000	-3,678,000	6,234,000	6,076,000	-26,251,000	5,833,000	-7,670,000					2,691,000	8,475,000		1,432,000	19,795,000	3,461,000				5,784,000			3,838,000			469,000
call premium on settlement of debt
gain on cariboo acquisition				47,426,000			47,426,000	46,212,000
gain on acquisition of control of gibraltar				14,982,000			14,982,000
income before income taxes				18,098,000			42,178,000	132,869,000	12,912,000	10,669,000	7,795,000				6,283,000	70,813,000	44,795,000	20,475,000			407,000	23,071,000	-59,068,000	-85,719,000	-34,361,000	-19,137,000	-14,747,000	-35,326,000	8,397,000	-2,089,000	-22,559,000	63,440,000	26,440,000	10,987,000	28,506,000					6,458,000				3,885,000			113,000
income tax recovery		27,439,000	7,980,000		200,000	3,247,000													4,302,000	9,096,000	580,000		10,118,000				6,816,000									14,713,000	4,330,000	9,944,000	9,300,000		3,035,000	8,787,000	5,531,000		337,000		7,000		2,891,000	3,272,000		1,732,000			879,000										397,000	7,204,000
net income		21,868,000					18,896,000	82,726,000	871,000	9,991,000	4,439,000				5,095,000	36,472,000	22,485,000	13,442,000			987,000	18,745,000	-48,950,000	-53,382,000	-24,508,000	-11,012,000	-7,931,000	-35,774,000	7,098,000	-4,671,000	-18,481,000	34,262,000	20,136,000	5,247,000	16,479,000
yoy							325.68%				-12.88%						2178.12%	-28.29%			-104.03%	-270.22%	517.20%	49.22%	-445.28%	135.75%	-57.09%	-204.41%	-64.75%	-189.02%	-212.15%
qoq							-77.16%	9397.82%	-91.28%	125.07%					-86.03%	62.21%	67.27%				-94.73%	-138.29%	-8.30%	117.81%	122.56%	38.85%	-77.83%	-604.00%	-251.96%	-74.73%	-153.94%	70.15%	283.76%	-68.16%
net income margin %	NaN%	Infinity%	NaN%	NaN%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%
other comprehensive income:
items that will remain permanently in other comprehensive income:
gain on financial assets	234,000	435,000	251,000				65,000								912,000			87,000		5,360,000	1,639,000	6,770,000
items that may in the future be reclassified to profit:
foreign currency translation reserve	12,112,000		557,000	37,426,000		3,981,000	10,046,000		9,566,000			20,684,000	19,731,000	8,129,000			5,881,000						16,686,000	-8,466,000	2,039,000	-3,582,000	-3,467,000	12,713,000	-2,563,000	3,082,000	3,435,000	-7,720,000					1,626,000				5,078,000	1,420,000
total other comprehensive income	12,346,000		808,000	36,288,000		3,627,000	10,111,000		9,266,000			20,143,000	18,653,000	6,362,000			5,122,000			847,000			16,492,000	-7,237,000	2,010,000	-3,368,000	-2,353,000	13,675,000	-2,493,000	2,379,000	2,733,000
total comprehensive income				22,844,000			29,007,000	72,491,000	10,137,000	1,986,000	3,387,000			1,088,000	2,430,000	35,447,000	27,607,000	10,722,000				17,583,000			-22,498,000			-22,099,000	4,605,000	-2,292,000	-15,748,000	22,294,000	15,484,000	1,218,000	16,162,000																						150,271,000	3,869,000	44,210,000	76,164,000		14,732,000	5,037,000	4,984,000	604,000	14,625,000	16,476,000	50,600,000	10,171,000	16,298,000
earnings per share attributable to owners of the company
basic		0.07					0.07	0.29		0.03	0.02				0.02	0.13	0.08	0.05				0.08	-0.2		-0.1		-0.03	-0.16	0.03	-0.02	-0.08	0.15	0.09	0.02	0.07					0.02				0.01							0.02		0.14	0.15		0.03	0.8	0.01	0.24	0.42		0.07	0.02	0.05	0.03	0.12	0.12	0.37	0.1	0.09		0.29
diluted		0.07					0.06	0.28		0.03	0.02				0.02	0.13	0.08	0.05				0.08	-0.2		-0.1		-0.03	-0.16	0.03	-0.02	-0.08	0.15	0.09	0.02	0.07					0.02				0.01							0.02		0.14	0.15		0.03	0.73	0.01	0.24	0.4		0.06	0.02	0.05	0.02	0.1	0.11	0.36	0.09	0.08		0.26
weighted-average shares outstanding
basic	316,824	315,992	310,424	295,306	295,051	291,832	290,465	288,560	288,681	288,519	288,007	286,236	286,377	286,349	285,768	283,593	283,885	283,449	282,854	250,529	246,406	246,194	246,194	243,914	246,194	246,094	237,046	227,866	228,373	227,585	227,079	225,682	226,358	226,182	223,314	221,828	221,835	221,822	221,818	221,809	221,809	197,658	195,003	194,855	193,708	192,599	192,621	191,060	192,599	190,882	194,969	196,029	193,213	195,349	195,457	188,319	186,103	184,975	186,352	184,138	182,197	174,377	153,187	144,101	143,475	140,280	136,967	129,218	129,371	128,547		113,553,556		115,046,751	109,111,635	104,598,186
diluted	316,824	318,897	310,424	295,306	295,051	291,832	291,962	290,979	290,945	291,112	291,039	286,236	286,377	286,349	289,500	287,504	287,678	288,007	282,854	250,529	248,758	246,582	246,194	243,914	246,194	246,094	237,046	227,866	229,780	227,585	227,079	232,039	229,859	228,931	226,228	221,828	221,835	221,822	221,818	221,809	221,809	197,658	195,003	195,178	193,708	192,599	194,109	191,060	192,599	194,188	198,489	199,905	197,748	200,993	195,457	201,951	203,006	192,419	192,785	190,164	188,471	179,822	160,698	149,058	158,197	154,310	151,082	142,278	145,846	144,882		126,462,009		126,851,578	121,363,526	112,243,221
finance expenses																							-10,771,000	-40,324,000	-10,425,000	-10,048,000	-9,742,000	-38,564,000	-9,829,000	-9,733,000	-9,311,000	-46,430,000
accretion expenses
foreign exchange loss																																																									2,650,000	1,972,000					2,930,000						1,454,000
other comprehensive income																																																									1,673,000	2,491,000			2,018,000	3,327,000	1,529,000					2,338,000		4,807,000
earnings per share
basic		0.07					0.07	0.29		0.03	0.02				0.02	0.13	0.08	0.05				0.08	-0.2		-0.1		-0.03	-0.16	0.03	-0.02	-0.08	0.15	0.09	0.02	0.07					0.02				0.01							0.02		0.14	0.15		0.03	0.8	0.01	0.24	0.42		0.07	0.02	0.05	0.03	0.12	0.12	0.37	0.1	0.09		0.29
diluted		0.07					0.06	0.28		0.03	0.02				0.02	0.13	0.08	0.05				0.08	-0.2		-0.1		-0.03	-0.16	0.03	-0.02	-0.08	0.15	0.09	0.02	0.07					0.02				0.01							0.02		0.14	0.15		0.03	0.73	0.01	0.24	0.4		0.06	0.02	0.05	0.02	0.1	0.11	0.36	0.09	0.08		0.26
other operating costs
gain on derivatives				4,799,000						4,559,000		16,274,000	16,447,000	28,449,000			2,095,000			1,937,000			5,855,000		-1,299,000				728,000												11,785,000
income tax expense																												-448,000																																							1,224,000
loss on financial assets
loss on derivatives																								-2,834,000		-8,000	-843,000	-294,000		-6,000	-143,000	-10,082,000
share-based compensation (expense) recovery														2,113,000
project related expense
total other comprehensive loss																																-11,968,000
income tax (expense) recovery																								32,337,000	9,853,000	8,125,000			-1,299,000	-2,582,000	4,078,000	-29,178,000
project evaluation recovery																408,000
project evaluation expenditures																	123,000						-157,000	-3,569,000	-1,711,000
total comprehensive loss																							-32,458,000	-60,619,000		-14,380,000	-10,284,000
loss per share
basic																								-0.22		-0.04
diluted																								-0.22		-0.04
loss from mining operations																							-21,225,000				-4,455,000
loss before financing costs and income taxes																							-19,214,000				-11,389,000
unrealized gain on financial assets																							-194,000	1,229,000	-29,000	214,000	1,114,000	962,000	70,000
share-based compensation recovery																								-2,946,000	-155,000	-399,000	-1,714,000	1,544,000	428,000	-200,000	995,000
exploration and evaluation																										-566,000	-469,000	-1,752,000	154,000	-690,000	-845,000	-1,730,000
unrealized loss on financial assets																														-703,000
foreign exchange gains																															-7,922,000	16,852,000	10,433,000	5,773,000
unrealized income on financial assets																															-702,000
share-based compensation																																-6,983,000
unrealized loss on available-for-sale financial assets, before tax																																-4,248,000
tax recovery
other comprehensive income, net of tax:
unrealized gain on available-for-sale financial assets																																			730,000	484,000		818,000	580,000			2,766,000	857,000
other comprehensive income (loss), net of tax
net loss for the year
other comprehensive income, net of tax
total other comprehensive income for the year																																										1,890,000
total comprehensive loss for the year
net loss for the period
total other comprehensive income for the period																																					1,107,000	244,000			5,300,000		857,000		3,509,000		5,367,000	5,653,000			1,065,000
total comprehensive loss for the period
net income for the period																																												2,628,000			120,000
total comprehensive income for the period																																								1,205,000				1,155,000			5,487,000				4,380,000			27,054,000		10,710,000
note
net income (loss) for the period																																								4,017,000
write-down of marketable securities
unrealized gain (loss) on available-for-sale financial assets																																									222,000
curis acquisition costs
net income (loss) for the year
reclassification of gain on available for sale financial assets, included in the net loss
total comprehensive income for the year																																																					19,327,000
cost of sales:
reclassification for permanent impairment on available for sale financial assets, included in the net loss
unrealized income on available-for-sale financial assets																																													3,509,000		5,362,000
other (expenses) income
net income for the year
reclassification of realized loss on available- for-sale financial assets
other expenses
reclassification for permanent impairment included in the net loss
reclassification of realized loss on available-for-sale financial assets																																															5,000
gross profit																																																13,214,000	51,696,000	11,740,000	16,010,000	17,122,000	86,301,000	25,174,000	16,624,000	25,226,000
yoy																																																-22.82%	-40.10%	-53.36%	-3.69%	-32.13%
qoq																																																-74.44%	340.34%	-26.67%	-6.49%	-80.16%	242.82%	51.43%	-34.10%
gross margin %	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%
other operating expenses
other comprehensive income :
unrealized losses on available-for-sale financial assets
permanent impairment included in the net loss																																																8,213,000
realized gains on available-for-sale financial assets
other operating (expenses) income
loss on contribution to joint venture
earnings before income taxes																																																			6,918,000		50,756,000	48,752,000		13,192,000	195,382,000	4,217,000	29,737,000	119,178,000		17,341,000			9,116,000	22,558,000	14,967,000	87,866,000	19,144,000	22,976,000	38,961,447	38,961,447	5,469,146	9,683,084	5,481,068	6,712,432
net earnings for the year																																																					26,974,000				148,598,000
other comprehensive loss :
unrealized losses on available-for-sale financial assets, net of tax
realized gains on available-for-sale financial assets, net of tax
total other comprehensive loss for the year
net earnings for the period																																																			3,315,000			30,028,000		5,753,000			45,440,000	76,449,000		11,405,000	3,508,000	6,871,000	3,799,000	16,201,000	16,282,000			11,491,000
unrealized gains on available-for-sale financial assets, net of tax																																																			1,627,000
total other comprehensive loss for the period
gain on contribution to joint venture
unrealized gains on available-for-sale
financial assets, net of tax
realized gains on available-for-sale
available-for-sale financial assets, net of tax																																																								4,957,000
revenue																																																																					55,907,000	51,624,000	161,900,063							25,429,196
yoy
qoq																																																																					8.30%	-68.11%
copper																																																									265,804,000	34,320,000	54,501,000	71,217,000	37,117,000	49,969,000	37,780,000	54,880,000	50,872,000	56,494,000	38,163,000	199,872,000				140,340,929	30,536,211.5	54,764,162	31,232,211	36,148,473
molybdenum																																																									12,656,000	3,220,000	1,952,000	4,291,000	3,015,000	2,663,000	2,392,000	2,735,000	2,334,000	8,863,000	6,761,000	18,554,000				21,559,134	4,139,662	5,157,380	6,278,513	5,122,755
depletion, depreciation and amortization																																																									10,336,000	1,217,000	1,902,000	2,580,000	1,677,000
operating profit																																																									125,450,000	17,465,000	17,385,000	33,110,000	9,373,000	16,678,000	6,606,000	5,162,000	15,968,000	28,218,000	19,184,000	105,738,000	28,420,000	26,923,000	54,860,337	54,860,337	8,452,624	18,270,368	7,441,322
yoy																																																									1238.42%	4.72%	163.17%	541.42%	-41.30%	-40.90%	-65.57%	-95.12%	-43.81%	4.81%	-65.03%	92.74%	236.23%	47.36%	637.24%
qoq																																																									618.29%	0.46%	-47.49%	253.25%	-43.80%	152.47%	27.97%	-67.67%	-43.41%	47.09%	-81.86%	272.05%	5.56%	-50.92%	0.00%	549.03%	-53.74%	145.53%
operating margin %	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	50.83%	52.15%	33.89%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	0%
expenses
accretion of reclamation obligation																																																									860,000	202,000	197,000	256,000	245,000	239,000	234,000	326,000	322,000	313,000	307,000	1,777,000	339,000	339,000	1,732,000	1,732,000	433,000	433,000	433,000	433,000
asset retirement obligation change of estimates
change in fair value of financial instruments																																																																		809,000	77,000	1,925,000	2,331,000
exploration																																																									10,090,000	3,619,000	1,519,000	981,000	805,000	549,000	534,000	3,363,000	3,047,000	2,243,000	2,123,000	8,967,000	2,188,000	2,546,000	3,544,081	3,544,081	-154,214	2,957,745	470,840	269,629		11,694
gain on convertible bond repurchase
general and administration																																																									13,853,000	3,139,000	3,270,000	2,785,000	1,752,000	2,104,000	2,329,000	2,143,000	2,245,000	2,470,000	1,956,000	6,501,000	1,333,000	2,848,000	5,286,039	5,286,039	1,239,580.5	2,456,440	1,471,915	1,029,967		621,204
interest accretion on convertible debt																																																													156,000	538,000	566,000	488,000	467,000	758,000	742,000	2,922,000	1,321,000	739,000	1,280,099	1,280,099
interest and other income
interest expense																																																									4,542,000	652,000	731,000	2,101,000	1,885,000	2,227,000	2,218,000	1,115,000	1,390,000	1,275,000	1,148,000	5,947,000	883,000	1,098,000	4,593,622	4,593,622	1,678,218	2,310,971	1,042,774	1,082,037
gain on sale of marketable securities
loss on prepayment of credit facility																																																									834,000			834,000
premium paid on the redemption of royalty obligation																																																									1,302,000			1,302,000
realized loss on derivative instruments																																																											3,881,000	7,661,000	3,568,000
stock-based compensation																																																									10,409,000	1,176,000	1,110,000	5,454,000	1,073,000	1,581,000	657,000		1,103,000	1,598,000	2,772,000	6,771,000	1,865,000	2,330,000	3,182,102	3,182,102	612,811.75	1,685,331	535,070	230,846		392,697
earnings before other items																																																									107,166,000	12,595,000	20,827,000	14,305,000	4,658,000
other items
gain on contribution to the joint venture																																																									95,114,000			97,382,000
unrealized loss on derivative instruments																																																													8,829,000
current income tax expense																																																									4,106,000			32,425,000			3,943,000								4,397,000
future income tax expense																																																									42,678,000	6,461,000	8,759,000	10,304,000		7,117,000									1,648,000
unrealized gain on available-for-sale reclamation deposit																																																										70,000	94,000		344,000					752,000
unrealized gain on available-for-sale marketable securities																																																									6,117,000	2,776,000		102,000	1,027,000	4,149,000	2,577,000
reclassification of realized gain sale of marketable securities
tax effect																																																											175,000	41,000				319,000	554,000	321,000	37,000
weighted-average number of common shares outstanding																																																																														97,781,420
basic	316,824	315,992	310,424	295,306	295,051	291,832	290,465	288,560	288,681	288,519	288,007	286,236	286,377	286,349	285,768	283,593	283,885	283,449	282,854	250,529	246,406	246,194	246,194	243,914	246,194	246,094	237,046	227,866	228,373	227,585	227,079	225,682	226,358	226,182	223,314	221,828	221,835	221,822	221,818	221,809	221,809	197,658	195,003	194,855	193,708	192,599	192,621	191,060	192,599	190,882	194,969	196,029	193,213	195,349	195,457	188,319	186,103	184,975	186,352	184,138	182,197	174,377	153,187	144,101	143,475	140,280	136,967	129,218	129,371	128,547		113,553,556		115,046,751	109,111,635	104,598,186
diluted	316,824	318,897	310,424	295,306	295,051	291,832	291,962	290,979	290,945	291,112	291,039	286,236	286,377	286,349	289,500	287,504	287,678	288,007	282,854	250,529	248,758	246,582	246,194	243,914	246,194	246,094	237,046	227,866	229,780	227,585	227,079	232,039	229,859	228,931	226,228	221,828	221,835	221,822	221,818	221,809	221,809	197,658	195,003	195,178	193,708	192,599	194,109	191,060	192,599	194,188	198,489	199,905	197,748	200,993	195,457	201,951	203,006	192,419	192,785	190,164	188,471	179,822	160,698	149,058	158,197	154,310	151,082	142,278	145,846	144,882		126,462,009		126,851,578	121,363,526	112,243,221
revenue - sum																																																										37,540,000	56,453,000		40,132,000	52,632,000			53,206,000		44,924,000	218,426,000					34,675,873.5	59,921,542	37,510,724
loss on sale of marketable securities																																																													816,000			120,000
unrealized gain on derivative instruments																																																											8,910,000	7,491,000
net earnings (loss) for the period																																																										1,378,000
reclassification of realized (loss) on sale of marketable securities
unrealized loss on available-for-sale reclamation deposit
reclassification of realized loss on sale of marketable securities
loss on equipment disposal																																																																	161,000
reclassification of realized gain on sale of marketable securities																																																													936,000
change in fair value of derivative instruments																																																														2,709,000
foreign exchange																																																																1,142,000	600,000		40,000	233,000						322,914
future income tax recovery																																																																8,653,000											2,000,000
amortization
reclassification of realized gain on sales of marketable securities
other comprehensive loss
see accompanying notes to consolidated financial statements.
unrealized loss on available-for-sale marketable securities
loss on extinguishment of capital leases																																																																							240,049	240,049
loss on sale of equipment
ledcor termination fee																																																																							3,500,000	3,500,000
restart project
earnings for the year																																																																				48,262,000			32,916,447	32,916,447
unrealized gain on available-for-sale marketable securities / investments
depreciation, depletion and amortization
earnings for the period																																																																					12,406,000				3,465,896	4,080,084	3,071,068	6,712,432
unrealized loss on reclamation deposits
unrealized gain
unrealized gain on marketable securities																																																																						4,872,000
statements of operations
premium paid for acquisition of gibraltar reclamation trust lp
write down of mineral property acquisition costs
basic earnings per share																																																																							0.29
diluted earnings per share																																																																							0.26
basic weighted-average number of common shares outstanding																																																																							113,553,556
diluted weighted-average number of common shares outstanding																																																																							126,462,009
premium paid for acquisition of gibraltar reclamation
trust limited partnership
consolidated statements of deficit
deficit, beginning of year
deficit, end of year
treatment and transportation
earnings per share
earnings per common share - basic																																																																									0.033	0.04	0.03	0.06
earnings per common share - diluted																																																																									0.03	0.03	0.03	0.06
deficit, beginning of period
deficit, end of period
minesite operating costs
treatment and transportation costs
depreciation, amortization and accretion
royalty expense																																																																														2,047,186
income before the following
gain on sale of equipment																																																																														17,000
basic and diluted loss per common share
weighted-average number of common shares outstanding																																																																														97,781,420

Balance Sheets:

Quarterly

Annual

Unit: USD	2024-12-31	2023-12-31	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2014-12-31	2010-12-31	2010-09-30	2010-06-30	2010-05-13	2010-03-31	2009-09-30	2009-08-11	2009-06-30	2009-03-31	2008-09-30	2008-08-08	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-12-15	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-09-30	2002-12-31

assets
current assets
cash and equivalents	172,732,000	96,477,000	102,265,000	120,858,000	142,048,000	175,676,000	212,727,000	236,767,000	239,151,000	225,741,000	197,018	85,110,000	72,678,000	63,619,000	50,169,000	53,198,000	41,877,000	41,950,000	34,529,000	45,665,000	45,292,000	51,682,000	64,232,000	80,231,000	95,669,000	97,045,000	149,294,000	89,030,000	64,117,000	89,247,000	65,909,000	91,101,000	74,855,000	53,299,000	211,793,000	195,417,000	175,147,000	195,384,000	195,384,000	41,624,000	33,067,000	33,067,000	21,925,000	20,282,000	35,388,000	35,388,000	66,416,000	55,169,000	37,636,000	44,306,000	62,722,000	88,866,334	89,407,801	37,867,129	31,626,616	20,422,209	21,728,789	23,072,029	14,983,810	8,218,684	14,892,947	19,319,636	28,427,761	2,424,221	2,708,910
accounts receivable	5,643,000	16,514,000	16,018,000	13,223,000	9,685,000	3,776,000	6,759,000	9,604,000	11,022,000	9,938,000	30,846	6,689,000	14,777,000	16,624,000	4,477,000	13,791,000	5,281,000	5,599,000	7,663,000	14,735,000	15,499,000	19,099,000	15,259,000	21,618,000	8,284,000	11,936,000	26,328,000	12,905,000	16,079,000	8,785,000	13,097,000	18,155,000	20,404,000	12,618,000	20,154,000	13,485,000	24,682,000	15,420,000	15,420,000	7,675,000	7,941,000	7,941,000	7,181,000	6,747,000	16,541,000	16,541,000	12,209,000	14,364,000	12,021,000	16,203,000	11,986,000	3,443,694	9,342,044	16,319,598	12,418,551	9,184,021	6,746,378	7,755,382
inventories	138,890,000	122,942,000	108,725,000	92,846,000	67,526,000	59,281,000	69,060,000	79,871,000	62,082,000	48,265,000	50,156	58,841,000	49,514,000	40,775,000	46,590,000	43,620,000	44,524,000	47,204,000	44,589,000	38,986,000	72,627,000	44,739,000	36,862,000	39,639,000	57,901,000	55,425,000	61,823,000	60,550,000	51,257,000	39,893,000	42,113,000	45,984,000	42,857,000	36,094,000
prepaids	8,179,000	8,465,000	4,316,000	4,931,000	4,023,000	5,603,000	2,724,000	3,971,000	3,539,000	4,512,000	3,122	2,975,000	2,445,000	3,322,000	1,545,000	2,513,000	2,200,000	2,349,000	1,160,000	1,464,000	2,256,000	2,477,000	892,000	1,474,000	1,828,000	2,251,000	820,000	1,268,000	1,932,000	2,251,000	825,000	1,581,000	1,860,000	913,000
other financial assets	27,795,000	5,057,000	5,353,000	9,013,000	30,229,000	32,208,000	2,812,000	7,014,000	17,841,000	15,460,000	11,806	3,583,000	3,689,000	549,000	4,510,000	730,000	1,537,000	781,000	789,000	3,581,000	2,867,000	2,431,000	2,018,000	2,774,000	3,523,000	1,298,000	2,509,000	1,574,000	1,764,000	1,643,000	1,721,000	4,598,000	1,618,000	6,554,000
property, plant and equipment	1,770,102,000	1,286,001,000	1,134,920,000	1,029,240,000	970,140,000	919,862,000	869,547,000	837,839,000	801,420,000	779,941,000	768,258	742,619,000	741,531,000	754,297,000	773,422,000	758,006,000	817,145,000	816,908,000	834,887,000	821,287,000	807,547,000	826,297,000	819,734,000	797,265,000	766,753,000	763,687,000	733,575,000	730,208,000	776,613,000	780,484,000	785,792,000	791,270,000	786,383,000	793,659,000										298,967,000	252,645,000	252,645,000	221,821,000											9,103,896	8,051,968	14,002,851	35,759,634	9,071,464	9,222,466	9,554,186	9,980,148
deferred tax assets	25,226,000
goodwill	5,931,000	5,462,000	5,574,000	5,584,000	5,652,000	5,313,000	5,152,000	5,227,000	5,253,000	5,110,000	5,185	5,250,000	5,500,000	5,619,000	5,850,000	5,355,000	5,460,000	5,396,000	5,510,000	5,625,000	5,337,000	5,429,000	5,316,000	5,172,000	5,146,000	5,351,000	5,483,000	5,536,000	5,408,000	5,326,000	5,355,000	5,502,000	5,150,000	4,783,000
liabilities
current liabilities
accounts payable and accrued liabilities	129,927,000	71,748,000																											30,009,000	31,960,000	36,359,000	39,042,000	39,421,000	42,541,000	22,983,000	23,435,000	15,325,000	19,881,000	19,881,000	16,638,000	15,559,000	15,559,000	42,449,000	51,299,000	35,953,000	35,953,000	27,032,000	22,439,000	30,435,000	20,646,000	27,181,000	20,853,652	21,960,232	13,681,290	8,942,084	10,619,672	12,580,463	11,383,615	10,315,399	9,702,946	14,578,172	2,573,325	1,068,010	1,857,740	1,606,092
current portion of long-term debt	32,853,000	27,658,000	25,511,000	18,409,000	13,168,000	14,225,000	16,502,000	18,305,000	19,334,000	19,903,000	18,888	17,617,000	17,681,000	15,319,000	13,697,000	16,460,000	16,508,000	13,953,000	13,222,000	9,856,000	10,850,000	11,594,000	10,513,000	11,270,000	13,089,000	12,300,000	14,079,000	16,157,000	16,834,000	17,505,000	17,755,000	55,606,000	49,242,000	20,157,000
deferred revenue	13,666,000	10,346,000	47,569,000	47,620,000	48,198,000	48,159,000	48,126,000	45,356,000	45,149,000	45,772,000	46,413	47,154,000	47,420,000	47,437,000	39,444,000	39,433,000	39,475,000	39,439,000	39,403,000	39,367,000	38,904,000	39,008,000	38,791,000	39,640,000	39,453,000	39,759,000	40,171,000								481,000	525,000	569,000	613,000	613,000	700,000	744,000	744,000	788,000	875,000	919,000	919,000	963,000	1,006,000	1,050,000	1,094,000	1,138,000	1,181,250	1,225,000	1,268,750	1,312,500	1,356,250	1,400,000	1,618,750	1,662,500	1,706,250	1,750,000
current portion of cariboo consideration payable	16,447,000	14,384,000
interest payable	9,890,000	13,896,000																											9,319,000	4,171,000	9,226,000	9,481,000	4,033,000	3,746,000
current income tax payable	4,053,000	3,157,000	334,000	1,227,000	999,000	1,233,000	1,778,000	2,759,000	1,851,000	1,496,000	687	2,356,000	2,685,000	2,050,000	1,406,000	1,406,000	1,042,000	997,000	1,537,000	1,427,000	1,181,000	1,625,000		302,000	1,097,000	569,000	1,317,000	889,000	317,000	588,000	288,000	1,113,000
long-term debt	764,355,000	610,233,000	583,537,000	568,160,000	549,758,000	517,598,000	503,783,000	513,444,000	520,725,000	510,328,000	520,781	345,787,000	364,204,000	373,305,000	389,765,000	357,025,000	365,914,000	353,829,000	340,197,000	345,625,000	329,951,000	337,260,000	324,734,000	317,948,000	318,344,000	322,941,000	370,372,000	373,133,000	364,047,000	359,077,000	322,436,000	299,514,000	281,412,000	293,506,000
cariboo consideration payable	129,421,000	55,997,000
florence royalty obligation	84,383,000
florence copper stream	67,813,000
benefit from environmental rehabilitation	169,570,000	145,786,000	131,945,000	113,725,000	84,562,000	85,349,000	85,414,000	87,571,000	77,343,000	79,887,000	80,097	78,983,000	70,300,000	70,295,000	70,963,000	66,373,000	106,598,000	103,427,000	96,541,000	97,914,000	100,820,000	112,066,000	109,515,000	107,874,000	94,585,000	113,126,000	96,679,000	98,454,000	143,224,000	137,886,000	133,665,000	119,174,000	111,335,000	110,136,000
deferred tax liabilities	183,964,000	114,723,000																											69,846,000	74,146,000	84,069,000	99,019,000	99,012,000	100,071,000
other financial liabilities	8,152,000	4,572,000	59,358,000	3,877,000	3,093,000	2,761,000	5,639,000	4,643,000	5,525,000	6,036,000	4,991	3,525,000	3,293,000	1,961,000	2,436,000	1,483,000	1,686,000	2,077,000	2,348,000	1,513,000	2,375,000	3,260,000	3,539,000	5,714,000	5,375,000	13,076,000	24,688,000	21,913,000	17,340,000	14,150,000	9,610,000	485,000	632,000	110,000
equity
share capital	529,413,000	486,136,000	484,209,000	479,926,000	479,726,000	479,726,000	479,630,000	476,599,000	474,872,000	474,785,000	473,711	472,870,000	437,273,000	436,318,000	436,318,000	436,318,000	436,318,000	436,318,000	436,187,000	423,438,000	423,422,000	423,351,000	422,268,000	422,091,000	421,510,000	421,201,000	421,110,000	417,975,000	417,958,000	417,954,000	417,949,000	417,944,000	417,944,000	417,944,000	338,911,000	337,434,000	336,888,000	335,250,000	335,250,000	321,735,000	320,619,000	320,619,000	285,690,000	279,715,000	279,715,000	279,715,000	252,668,000	252,130,000	205,040,000				197,591,937	181,600,948	168,752,888	163,764,441	160,829,442	159,955,292	159,609,797	151,650,379	150,481,429	140,483,399	138,615,851	99,446,319	95,943,793
contributed surplus	57,786,000	54,833,000	52,143,000	55,795,000	54,855,000	54,042,000	53,256,000	55,403,000	55,376,000	54,779,000	54,540	53,433,000	52,822,000	52,712,000	52,239,000	51,622,000	51,063,000	50,489,000	49,816,000	49,274,000	48,814,000	48,336,000	48,767,000	47,478,000	47,495,000	48,145,000	48,168,000	45,747,000	45,102,000	44,850,000	44,299,000	42,158,000	41,719,000	40,890,000	28,128,000	25,961,000	24,819,000	24,397,000	24,397,000	19,144,000	17,235,000	17,235,000	15,218,000	13,507,000	13,592,000	13,592,000	12,701,000	11,333,000	8,633,000	7,430,000	6,329,000	4,317,717	3,647,716	7,785,861	6,100,530	5,565,460	5,334,614	5,675,144	5,504,834	5,112,137	4,947,588	2,963,410	1,437,326	65,344
accumulated other comprehensive income	52,845,000	16,557,000	25,740,000	26,792,000	28,999,000	10,346,000	3,984,000	6,649,000	7,467,000	2,345,000	5,065	7,674,000	19,638,000	22,157,000	23,319,000	6,827,000	10,353,000	8,343,000	11,711,000	14,064,000	3,008,000	5,501,000	3,122,000	389,000	3,359,000	8,011,000	12,040,000	12,357,000	10,226,000	9,119,000	8,875,000	13,349,000	9,321,000	6,833,000	6,249,000	5,552,000	3,061,000	4,291,000	4,291,000								956,000	2,532,000	2,338,000	2,750,000	4,985,000	433,981
deficit															-242,031,000	-193,081,000	-183,150,000	-158,642,000	-147,630,000	-139,699,000	-119,979,000	-127,077,000	-122,406,000	-102,878,000																																									-115,353,165
commitments and contingencies																					1,316,000	13,000
subsequent events
note	2,024,000	2,023,000			2,022,000	2,022,000				2,021,000	2,021	2,020,000
revenues	608,093,000	524,972,000			89,714,000					111,002,000	86,741	343,267,000
cost of sales
production costs					-71,144,000
depletion and amortization					-13,060,000
other operating costs
insurance recovery	26,290,000
earnings from mining operations	124,780,000	150,414,000			5,510,000					36,946,000	14,475	23,725,000
general and administrative					-2,263,000
share-based compensation expense					-1,101,000
project evaluation expense					-91,000
gain on derivatives	4,799,000				16,447,000							1,937,000
other income		731,000			326,000					444,000	352	1,495,000
income before financing costs and income taxes	103,705,000	125,121,000			18,828,000					28,401,000	4,438	6,049,000
finance expenses
accretion expenses
foreign exchange gain		11,430,000								3,539,000	3,926	4,092,000
call premium on settlement of debt
gain on cariboo acquisition	47,426,000	46,212,000
gain on acquisition of control of gibraltar	14,982,000
income before income taxes	18,098,000	132,869,000								20,475,000
income tax expense
net income		82,726,000								13,442,000
other comprehensive income:
items that will remain permanently in other comprehensive income:
loss on financial assets
items that may in the future be reclassified to profit:
foreign currency translation reserve	37,426,000				19,731,000
total other comprehensive income	36,288,000				18,653,000							847,000
total comprehensive income	22,844,000	72,491,000								10,722,000
earnings per share
basic	295,306,000	290			286,377,000					50	282,854	250,529,000
diluted	295,306,000	280			286,377,000					50	282,854	250,529,000
weighted-average shares outstanding
accounts payable and other liabilities			77,036,000	66,716,000	84,193,000	77,543,000	68,363,000	55,660,000	55,506,000	51,255,000	48,038	51,747,000	46,970,000	40,688,000	44,997,000	43,685,000	43,863,000	38,765,000	38,565,000	41,001,000	47,473,000	48,310,000	49,568,000	47,382,000	44,279,000	40,294,000	35,927,000	33,416,000
current portion of deferred revenue			12,643,000	12,065,000	8,051,000	8,103,000	5,026,000	13,441,000	7,804,000	7,478,000	6,726	5,604,000	5,276,000	7,136,000	11,375,000	4,558,000	3,985,000	3,959,000	3,933,000	3,907,000	3,836,000	3,649,000	3,649,000	1,312,000	1,796,000	1,785,000	1,785,000								175,000	16,654,000	175,000	9,183,000	9,183,000	4,171,000	175,000	175,000	175,000	175,000	175,000	175,000	175,000	175,000	175,000	175,000	175,000	7,964,687	19,759,131	175,000	8,847,469	4,860,506	14,748,000
current portion of other financial liabilities			15,262,000
interest payable on senior secured notes			4,731,000	14,221,000	4,797,000	13,530,000	4,374,000	13,312,000	4,459,000	13,496,000	4,890	1,160,000	8,511,000	1,242,000	9,052,000	1,184,000	8,449,000	1,193,000	8,526,000	1,243,000	8,259,000	1,200,000	8,227,000
deferred and other tax liabilities			73,722,000	76,255,000	75,738,000	72,339,000	70,828,000	70,186,000	61,805,000	40,883,000	34,642	39,060,000	43,018,000	44,206,000	40,468,000	50,703,000	58,586,000	68,498,000	76,895,000	83,793,000	85,157,000	84,861,000	84,686,000	89,045,000	84,323,000	78,592,000	73,277,000	62,202,000
subsequent event
taseko mines limited
condensed consolidated statements of comprehensive income
consolidated statements of comprehensive income
foreign exchange loss
project evaluation expenditures
income tax recovery											4,302	9,096,000
gain on financial assets										87,000		5,360,000
total comprehensive loss
loss per share
balance at january 1, 2019															49,274,000
fair value of shares issued for yellowhead acquisition
share-based compensation															953,000
exercise of options															-34,000
settlement of performance share units															-377,000					900,000	900,000	900,000
total comprehensive loss for the period
balance at september 30, 2019
balance at january 1, 2020															51,622,000
total comprehensive income for the period
balance at september 30, 2020
balance at june 30, 2019
balance at june 30, 2020
balance at march 31, 2019															49,816,000
balance at march 31, 2020															52,239,000
balance at january 1, 2018																				422,091,000	422,091,000	422,091,000
adjustment on initial application of ifrs 15
adjusted balance at january 1, 2018																				422,091,000	422,091,000	422,091,000
exercise of options and warrants																				4,116,000	3,535,000	3,226,000
total comprehensive income for the year
balance at december 31, 2018																				423,438,000
total comprehensive loss for the year
balance at december 31, 2019
balance at september 30, 2018																					423,422,000
balance at june 30, 2018																						423,351,000
balance at march 31, 2018
balance at january 1, 2017																				417,975,000	417,975,000	417,975,000
issuance of warrants
balance at december 31, 2017																				422,091,000
advance payments on product sales																					8,011,000
balance at september 30, 2017																					421,510,000
balance at june 30, 2017																						421,201,000
current tax receivable																							48,000										199,000	27,153,000
balance at march 31, 2017
interest payable on senior notes																								1,143,000	7,963,000	1,183,000	9,448,000	4,336,000
balance at january 1, 2016
balance at december 31, 2016
condensed consolidated statements of changes in equity
balance at january 1, 2015
balance at december 31, 2015
other asset																													15,985,000	15,985,000	15,985,000
retained earnings																																			70,021,000	44,690,000	43,312,000
deferred financing costs																															5,664,000																						1,381,577
other receivables																																15,985,000	15,985,000	15,985,000
consolidated statements of changes in equity
restricted cash																																				2,603,000	2,662,000	1,539,000	1,539,000		2,326,000	2,326,000		4,400,000	4,400,000	4,400,000	4,400,000	4,400,000	4,400,000	4,400,000	4,400,000			7,475,000	5,000,000	5,000,000	5,000,000			5,000,000
marketable securities and investments																																			18,521,000	11,518,000	11,940,000	11,099,000	11,099,000	11,867,000	9,864,000	9,864,000	5,714,000	7,597,000	10,843,000	10,843,000	14,850,000	18,785,000	18,542,000
inventory																																			21,286,000	29,713,000	15,215,000	19,883,000	19,883,000	22,463,000	17,475,000	17,475,000	19,963,000	31,116,000	32,643,000	32,643,000	22,724,000	20,257,000	18,058,000	12,744,000	14,448,000	12,049,193	24,217,881
prepaid expenses																																			534,000	1,493,000	2,233,000	1,351,000	1,351,000	3,049,000	2,651,000	2,651,000	2,226,000	504,000	11,057,000	11,057,000	839,000	1,174,000	1,069,000	2,641,000	1,142,000	1,307,774	1,221,297	1,110,265	845,222	1,636,899	1,914,214	1,546,151	817,012	161,754	210,015	64,548	69,897	134,207	49,937
advances for equipment																																			1,726,000	1,726,000	840,000	840,000	840,000	4,753,000	5,677,000	5,677,000	10,044,000	11,645,000
advances to joint venture																																			1,764,000		3,231,000
current portion of promissory note																																			7,248,000	5,411,000	3,420,000	1,854,000	1,854,000	3,531,000	2,626,000	2,626,000	1,348,000	2,359,000	1,397,000	1,397,000	723,000	2,809,000	2,086,000	1,238,000	602,000	2,799,977	2,156,719	1,386,661	774,327	3,462,521	2,637,499
reclamation deposits																																			23,266,000	23,179,000	22,728,000	22,280,000	22,280,000	29,481,000	28,788,000	28,788,000	28,859,000	35,541,000	35,287,000	35,287,000	35,468,000	34,168,000	33,396,000	32,653,000	32,985,000	32,628,671	32,004,138	18,875,977	18,711,938	18,610,669	18,281,420	18,228,081	17,835,486	17,706,902	17,647,056	17,548,485	17,441,496	16,757,274	16,375,408
promissory note																																			70,559,000	71,285,000	72,166,000	72,635,000	72,635,000	73,452,000	73,242,000	73,242,000	73,418,000	73,610,000	73,472,000	73,472,000	73,058,000	72,705,000	72,350,000	72,128,000	71,692,000	71,249,100	71,009,683	70,689,709	70,239,750	69,949,017	69,680,355	69,398,987	70,189,501	68,513,242	68,172,380
mineral property interests, plant and equipment																																			310,761,000	291,132,000	262,163,000	260,238,000	260,238,000	336,051,000	334,508,000	334,508,000	327,713,000
liabilities and shareholders' equity
amounts due to a related party																																			154,000	178,000		264,000	264,000	901,000	537,000	537,000	2,200,000
current portion of long-term credit facility																																								13,384,000	5,815,000	5,815,000
current portion of long-term loan obligations																																			10,315,000	8,397,000	4,491,000	4,413,000	4,413,000	4,846,000
current portion of royalty obligations																																			7,248,000	5,411,000	3,420,000	1,854,000	1,854,000
liability under derivative instruments																																			225,000			10,871,000	10,871,000	13,328,000
income taxes payable																																			24,528,000	25,291,000	29,594,000	32,002,000	32,002,000	1,481,000	2,347,000	2,347,000	3,822,000	306,000
current portion of future income taxes																																			1,008,000	1,632,000	616,000			669,000	1,488,000	1,488,000	782,000	7,367,000	3,491,000	3,491,000	1,928,000		5,320,000			7,756,250	11,601,000	3,669,000	2,069,000	4,479,000	4,479,000
income taxes																																			2,500,000	2,078,000	2,078,000	32,699,000	32,699,000	32,068,000	31,667,000	31,667,000	31,274,000	26,212,000	25,870,000	25,870,000	25,478,000	1,074,000	6,573,000	13,166,000	8,468,000	5,793,107	3,985,296	24,057,000	19,645,000	19,645,000	19,645,000	23,744,000	23,744,000	23,744,000	23,744,000
royalty obligations																																			51,645,000	53,160,000	54,834,000	56,084,000	56,084,000	64,957,000
credit facility
loan obligations																																			28,018,000
site closure and reclamation obligation																																			8,178,000	8,025,000	7,866,000	7,778,000	7,778,000	10,100,000	9,901,000	9,901,000	10,484,000
future income taxes																																			60,203,000	42,326,000	36,525,000	30,305,000	30,305,000	22,147,000	21,641,000	21,641,000	15,022,000	28,374,000	41,223,000	41,223,000	35,671,000	24,358,000	21,540,000	5,591,000	1,093,000	174,000	174,000	6,153,000	8,944,000	8,944,000	8,944,000
shareholders' equity
tracking preferred shares																																			26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,642,000	26,641,948	26,641,948	26,641,948	26,641,948	26,641,948	26,641,948	26,641,948	26,641,948	26,641,948	26,641,948	26,641,948	26,641,948	26,641,948	26,641,948
commitments
asset under derivative instruments																																				2,941,000	626,000
current assets - sum																																				262,581,000	238,691,000			90,209,000	75,950,000				114,611,000			117,251,000	94,619,000			129,939,738	149,446,742	68,650,908	64,839,013		58,380,111	39,549,345	30,113,605	27,719,860	20,341,400	22,503,985	31,197,299	6,110,155
current liabilities - sum																																				80,998,000	53,621,000			58,949,000	61,503,000				41,484,000			26,497,000	44,589,000			37,411,423	47,861,378	39,329,642	40,814,739		52,023,078	35,412,294	35,809,336	34,756,552	40,179,912	4,082,614	1,411,538	3,851,136
long-term credit facility																																								38,865,000	28,239,000	28,239,000
long-term loan obligations																																				22,512,000	10,490,000	11,598,000	11,598,000	15,019,000
shareholders' equity - sum																																				440,279,000	434,722,000
advances to a related party																																					1,926,000
future income taxes receivable																																						1,748,000	1,748,000
bank indebtedness
convertible debt																																									26,040,000	26,040,000	37,045,000	30,305,000	28,599,000	28,599,000	43,383,000	41,658,000	41,008,000	42,173,000	43,779,000	43,325,646	42,774,663
current portion of royalty obligation																																								3,531,000	2,626,000	2,626,000	1,348,000	2,359,000	1,397,000	1,397,000	723,000	2,809,000	2,086,000	1,238,000	602,000	2,799,977	2,156,719	1,386,661	774,327	3,462,521	2,637,499
equity component of convertible debt																																									2,874,000	2,874,000	3,832,000	3,832,000	3,832,000	3,832,000	13,655,000	13,655,000	13,655,000	13,655,000	13,655,000	13,654,673	13,654,673
accumulated other comprehensive gain																																								194,000
basis of presentation
current portion of capital lease and & long-term loan obligations																																									4,207,000	4,207,000
derivative liability																																									2,709,000	2,709,000
royalty obligation																																									59,016,000	59,016,000	59,959,000	61,647,000	62,263,000	62,263,000	62,590,000	62,967,000	63,330,000	63,825,000	64,108,000	64,479,817	64,632,443	65,041,516	65,292,865	65,706,207	66,153,298	68,545,031	69,352,519	67,357,000	67,357,000
capital lease and long-term loan obligations																																									14,133,000	14,133,000
accumulated other comprehensive loss
basis of presentation and going concern
current portion of lease liability																																											3,374,000	3,639,000
long term credit facility																																											36,777,000
capital leases																																											12,292,000	13,896,000
advances from a related party																																												518,000
site closure and reclamation costs																																												15,147,000	14,881,000	14,881,000	14,334,000	13,909,000	17,441,000	19,864,000	19,600,000	19,285,984	18,975,411	18,561,130	18,180,000	17,747,000	17,314,000	11,201,500	10,941,000
income taxes receivable																																													6,742,000	6,742,000	6,344,000
advances to related party																																																293,000	807,000
advances from related party																																													468,000	468,000	118,000
mineral properties, plant and equipment																																																201,283,000	176,898,000	136,843,000	101,095,000	66,834,588	43,444,943	31,268,629	10,025,533	9,892,243	9,916,992
investments																																																		16,375,000	19,456,000
common shares																																																		204,052,000	198,392,000	197,792,487
marketable securities																																																				2,158,689
investment																																																				11,557,827	11,500,000
assets under capital leases																																																							19,795,000	20,291,000	20,794,000
current portion of capital lease obligation																																																							2,156,674	2,119,973	2,092,334
capital lease obligation																																																							11,951,771	12,447,885	12,984,805
advances to related parties																																																						245,406							194,857	456,927		224,538
concentrate inventory																																																						2,417,200	12,005,800	12,395,400	16,284,800	4,181,817	7,322,144	8,500,881
supplies inventory																																																						5,635,649	5,099,497	5,487,106	4,589,431	2,993,966	2,226,595	4,176,921	2,277,397	2,313,664	2,293,417	2,278,096	2,284,428
advances from related parties																																																							397,245	330,093	105,067	72,611	107,744	80,624			343,528		487,898
current portion of vehicle loans																																																						29,691	51,940	200,616	214,715	212,068	209,474	138,258
vehicle loans																																																								143,317	181,901	236,589	290,596	171,784
convertible debenture																																																						12,716,293	12,420,942	12,127,213	21,652,703	21,382,728	21,114,227	20,847,200	20,577,225	20,331,794	20,087,703	19,599,520	17,000,000
convertible debenture – conversion right																																																						9,822,462	9,822,462
contingency
convertibe debenture – conversion right																																																								9,822,462
contingent gain
operating line of credit																																																											1,432,719	1,090,724	1,857,740	1,509,289		1,993,396
nature of operations
prepaid lease payments																																																										4,531,028	4,531,028	4,410,460
amounts receivable																																																											4,764,044	1,661,620	2,766,184	349,210	406,224	1,049,093	774,036
prepaid treatment and refining charges																																																											528,410
mineral property interests																																																												3,000	3,000	28,813,296	28,813,296	28,813,296	28,813,296
reclamation liability																																																												32,700,000	32,700,000	32,700,000	32,700,000	32,700,000	32,700,000
deposits																																																														10,833,626	2,361,169
continuing operations
bank operating loan																																																																	1,959,597
see accompanying notes to consolidated financial statements.
approved by the board of directors
/s/ ronald w. thiessen
ronald w. thiessen
director
consolidated statements of operations
expenses
conference and travel																																																																	19,495
consulting																																																																	49,666
corporation taxes																																																																	8,144
depreciation																																																																	178,377
exploration																																																																	285,089
interest and finance charges																																																																	23,187
legal, accounting and audit																																																																	56,598
office and administration																																																																	51,770
refinery project
shareholder communication																																																																	23,527
trust and filing																																																																	744
other items
interest and other income																																																																	302,755
write down of mineral property acquisition costs
loss for the period																																																																	-393,842
loss per common share																																																																	-0.01
weighted-average number of common shares outstanding																																																																	34,057,234
consolidated statements of deficit
deficit, beginning of period																																																																	-114,959,323
deficit, end of period																																																																	-115,353,165

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-04-29	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-05-08	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-05-02	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-05-13	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-12-15	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2002-12-31	2002-03-02

operating activities
net income for the period							18,896,000	81,855,000	-9,120,000	5,552,000	4,439,000						9,043,000				-17,758,000			-48,950,000					-7,931,000		11,769,000	13,810,000	-18,481,000	-18,481,000		14,889,000	-11,232,000	16,479,000
adjustments for:
depletion and amortization	2,519,000	3,030,000	22,425,000	53,855,000	6,745,000	-1,303,000	15,024,000	40,947,000	399,000	3,567,000	12,027,000	38,922,000	-2,209,000	1,763,000	13,506,000	49,576,000	-525,000	1,698,000	15,838,000	71,407,000	-1,618,000	-1,636,000	27,148,000	27,148,000	81,702,000	-2,084,000	9,954,000	20,184,000	20,184,000	50,607,000	2,219,000	3,175,000	14,780,000	14,780,000	35,937,000	-14,000	2,222,000	9,577,000	36,958,000	1,930,000	539,000	13,597,000		1,943,000	10,334,000	34,385,000	-427,000	2,645,000	10,735,000	24,749,000
income tax (recovery) expense																									-22,484,000	-1,728,000
finance expenses	354,000	-1,979,000	12,207,000	16,631,000	-825,000	6,243,000	18,763,000	35,931,000	1,252,000	1,323,000	11,388,000	33,378,000	-123,000	-35,000	11,989,000	40,261,000	209,000	-12,418,000	23,883,000	31,562,000	786,000	-208,000	10,621,000	10,621,000	29,179,000	194,000	315,000	9,434,000	9,434,000	27,777,000	121,000	424,000	8,988,000	8,988,000	37,513,000	-12,867,000	13,146,000	7,703,000	21,238,000	757,000	349,000	6,579,000		377,000	5,704,000	17,490,000	159,000	67,000	5,525,000	13,244,000			1,169,000			2,798,000	1,273,000	15,933,000	-1,930,000	-752,000	4,913,000
finance income
accretion expense	591,000	7,045,000	6,670,000
call premium on settlement of debt
recognition of deferred revenue
changes in derivatives and other fair value instruments	5,029,000
foreign exchange loss
gain on cariboo acquisition
gain on acquisition of control of gibraltar
inventory sold or processed with write-ups to net realizable value				23,083,000
share-based compensation expense	1,479,000	651,000	4,169,000	7,929,000	-1,089,000	-3,082,000	5,667,000	5,599,000	310,000	-3,192,000	3,609,000	3,006,000			3,273,000	5,645,000	-1,533,000	-1,270,000	2,920,000	2,809,000	1,180,000	1,075,000	246,000	246,000	2,943,000	-261,000	-1,343,000	1,787,000	1,787,000	-896,000	-617,000	1,070,000	-839,000	-839,000	4,850,000	2,080,000	-3,189,000	3,359,000	3,429,000	-153,000	-1,235,000	1,641,000		938,000	206,000	3,125,000	138,000	-1,605,000	2,083,000
other operating activities																				997,000			1,536,000	1,536,000	-428,000	-892,000	498,000	-377,000	-377,000	45,000								28,000																1,481,000	-323,000	-867,000	1,755,000	8,683,000			385,000
net change in working capital:
insurance receivable
net change in working capital - other
cash from operating activities	10,524,000	-29,938,000	55,892,000	167,577,000	30,327,000	-24,863,000	59,574,000	124,103,000	-6,280,000	5,270,000	27,999,000	69,151,000	-6,229,000			106,450,000	-4,183,000			75,174,000	-6,058,000	19,408,000	17,671,000	17,671,000	27,491,000	4,077,000	3,882,000	7,191,000	7,191,000	76,025,000	-2,296,000	8,793,000	11,556,000	11,556,000	173,955,000	-25,167,000	-17,474,000	79,765,000								28,204,000	8,815,000	-9,750,000	23,301,000	53,968,000				22,845,000			51,955,000																		2,342,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0			0	0			0	0	0	-18,244,000	-18,244,000	-34,185,000	-9,473,000	6,285,000	-13,378,000	-13,378,000	-73,939,000	2,303,000	1,447,000	-24,677,000	-24,677,000	0	0	0	0								0	0	0	0	0				0			0																		0
free cash flows	10,524,000	-29,938,000	55,892,000	167,577,000	30,327,000	-24,863,000	59,574,000	124,103,000	-6,280,000	5,270,000	27,999,000	69,151,000	-6,229,000			106,450,000	-4,183,000			75,174,000	-6,058,000	19,408,000	-573,000	-573,000	-6,694,000	-5,396,000	10,167,000	-6,187,000	-6,187,000	2,086,000	7,000	10,240,000	-13,121,000	-13,121,000	173,955,000	-25,167,000	-17,474,000	79,765,000								28,204,000	8,815,000	-9,750,000	23,301,000	53,968,000				22,845,000			51,955,000																		2,342,000
investing activities
gibraltar capitalized stripping costs
gibraltar capital expenditures
florence copper development costs
other project development costs
acquisition of cariboo, net of cash acquired
release of restricted cash							12,500,000
net outflows related to copper price options
interest income and other	1,244,000	-1,206,000	1,330,000
cash from investing activities																							-16,187,000	-16,187,000	1,420,000	-11,392,000	6,961,000	-13,920,000	-13,920,000	-73,768,000	3,539,000	298,000	-24,463,000	-24,463,000								95,000			11,670,000												2,757,000
financing activities
interest paid																							-994,000	-994,000	-31,022,000	14,149,000	-14,757,000	-381,000	-381,000	-30,076,000	14,046,000	-14,154,000	-394,000	-394,000
net proceeds from issuance of senior secured notes																			496,098,000
repayment of senior secured notes and call premium
advances from (repayment of) revolving credit facility	-48,231,000
net proceeds from sale of non-controlling interest
proceeds from florence financings		-9,828,000	14,381,000
repayment of florence equipment financings
repayment of gibraltar equipment financings
payment of cariboo consideration payable
net proceeds from share issuances			29,630,000
proceeds from exercise of share options	596,000
cash from financing activities	-88,690,000	83,291,000	21,492,000	133,767,000	-63,617,000	38,511,000	48,500,000												160,693,000				-5,335,000	-5,335,000	-19,615,000	-1,052,000	8,026,000	-4,101,000	-4,101,000	-30,109,000	4,700,000	-4,695,000	-3,491,000	-3,491,000																										179,444,000	3,725,000						-25,373,000	-908,000	29,757,000		-10,000	-46,711,000	47,018,000	-3,040,000	4,617,000	168,450	111,550
effect of exchange rate changes on cash
increase in cash
cash, beginning of period	1,210,000
cash, end of period	-31,217,000
supplementary cash flow information
unrealized foreign exchange loss			2,074,000				13,688,000					1,944,000	16,462,000										29,747,000					-6,689,000					8,332,000												21,469,000	8,610,000			8,480,000				4,140,000																1,783,000
unrealized loss on acquisition of control of gibraltar
amortization of deferred revenue																							-1,140,000	-1,140,000	-2,460,000	-1,000	1,000	-977,000	-977,000	-2,358,000	87,000	-176,000	-848,000	-848,000
loss on derivatives			25,089,000		-8,885,000	6,467,000	5,221,000	-69,000			4,216,000				9,833,000			88,000	1,991,000		391,000	6,742,000	-5,855,000		1,535,000		-835,000	843,000	843,000	1,022,000		-137,000	143,000	143,000	8,931,000	-4,543,000	4,073,000	1,621,000	6,328,000	-771,000	-389,000	1,192,000
net change in working capital			25,533,000				9,722,000
repayment of florence financings
repayment of cariboo consideration payable
net share-based compensation			689,000
effect of exchange rate changes on cash and equivalents			1,590,000									-352,000	785,000										822,000	822,000	-1,690,000	873,000	-312,000	-306,000	-306,000	-324,000	217,000	-947,000	399,000	399,000						-225,000					1,641,000	1,016,000			863,000				418,000
increase in cash and equivalents				66,131,000	-30,842,000	-20,218,000	61,184,000									138,247,000	-15,313,000	-83,185,000	111,908,000	22,853,000	-4,391,000										6,160,000	3,449,000	-15,999,000	-15,999,000				60,264,000						11,634,000	4,961,000				3,835,000								40,515,000	57,175,000	-57,378,000			156,441,000			160,302,000	160,302,000	-2,585,000	-6,196,000	17,338,000			-6,286,000	17,533,000					61,438,499	-4,963,894									2,669,806	2,669,806
cash and equivalents, beginning of period			172,732,000		40,966,000	61,184,000	96,477,000		-16,703,000	-18,593,000	120,858,000		-37,051,000	-24,040,000	236,767,000		28,723,000	111,908,000	85,110,000		13,450,000	-3,029,000	53,198,000	53,198,000		7,421,000					-12,550,000					-52,249,000	60,264,000	89,030,000		15,838,000	-10,112,000	76,021,000					-9,339,000	3,835,000	82,865,000				134,995,000		-72,361,000	40,515,000	277,792,000		66,202,000	-18,736,000	211,793,000		-20,237,000	160,302,000	35,082,000	35,082,000	11,142,000	17,338,000	4,587,000	-31,029,000	11,247,000	17,533,000	37,636,000		-26,144,000	-541,801	89,407,801		11,204,407	-1,306,580	21,728,789		1,765,126	-1,674,263	14,892,947		19,511,144	39,104	39,104
cash and equivalents, end of period			120,778,000		10,124,000	40,966,000	157,661,000		-3,548,000	-16,703,000	102,265,000		-33,628,000	-37,051,000	212,727,000		13,410,000	28,723,000	197,018,000		9,059,000	13,450,000	50,169,000	50,169,000		-73,000	7,421,000	34,529,000	34,529,000		-6,390,000	-12,550,000	64,232,000	64,232,000		-1,376,000	-52,249,000	149,294,000		-25,130,000	23,338,000	65,909,000		16,595,000	58,260,000		15,594,000	-9,339,000	86,700,000				69,145,000		-45,192,000	-72,361,000	318,307,000		8,824,000	66,202,000	193,057,000		20,270,000	-20,237,000	195,384,000	195,384,000	8,557,000	11,142,000	21,925,000	-15,106,000	-31,028,000	11,247,000	55,169,000		-18,416,000	-26,144,334	88,866,334		6,240,513	11,204,407	20,422,209				8,218,684		-9,108,125	2,708,910	2,708,910
supplementary cash flow disclosures
net income for the year
income tax expense							23,282,000	38,102,000	11,363,000	-2,678,000	3,356,000	3,332,000	2,578,000	-266,000	1,188,000	12,031,000	15,277,000													-851,000	-1,283,000	6,660,000	-4,078,000	-4,078,000	22,874,000	564,000	-6,287,000	12,027,000															1,467,000					5,058,000			7,439,000
deferred revenue deposit																																						44,151,000
gibraltar sustaining capital expenditures
gibraltar capital project expenditures
acquisition of cariboo
other investing activities				3,540,000	-1,000	-12,000	922,000	2,207,000	821,000										478,000	270,000	-42,000	-130,000	177,000	177,000	15,000	64,000	66,000	68,000	68,000	780,000	25,000	-86,000	214,000	214,000	536,000	62,000	33,000	127,000	82,000	24,000	-308,000	360,000
net proceeds from florence financings				103,042,000	-846,000	-66,254,000	78,390,000
proceeds from gibraltar equipment financings
revolving credit facility advances
net proceeds from share issuance				14,208,000
cash and equivalents, beginning of year																												45,665,000	45,665,000				80,231,000	80,231,000											53,299,000
cash and equivalents, end of year
other
net change in working capital :
purchase of copper price options
revolving credit facility repayment
(repayment of) net proceeds from gibraltar equipment financings
share-based compensation					-2,407,000																																																1,355,000	4,616,000	29,000	-1,424,000	2,202,000	6,764,000	-8,000	-2,282,000	3,741,000
unrealized gain on acquisition of control of gibraltar
proceeds from copper put options												3,941,000										368,000	2,868,000	2,868,000				241,000	241,000	454,000
(repayment of) proceeds from gibraltar equipment financings
proceeds from florence project facilities
decrease in cash and equivalents																							-3,029,000	-3,029,000				-11,136,000	-11,136,000
acquisition of cariboo copper corp.											2,948,000
repayment of equipment loans and leases
revolving credit facility advance, net of repayment
proceeds from equipment financings																									26,036,000	-18,059,000
settlement of performance share units
proceeds from exercise of stock options									-99,000	-115,000	291,000			-470,000	534,000
gain on derivatives																								-5,855,000
unrealized foreign exchange gain
revolving credit facility advance											13,518,000
repayment of senior secured notes
redemption cost on settlement of senior secured notes
financing fees paid
change in accounts receivable														350,000	2,862,000
change in other working capital items														1,974,000	10,703,000
net income															5,095,000
cash from (used) for operating activities															51,753,000
gibraltar capital projects
net proceeds from the sale of marketable securities
proceeds from equity issuance, net of costs
proceeds on exercise of options																	-650,000	213,000	494,000	391,000							4,000	86,000	86,000
net loss for the period																							-48,950,000					-7,931,000
income tax recovery																							-10,118,000	-10,118,000				-6,816,000	-6,816,000
purchase of copper put and fuel call options																							-988,000	-988,000
net loss for the year
purchase of property, plant and equipment																							-18,244,000	-18,244,000	-34,185,000	-9,473,000	6,285,000	-13,378,000	-13,378,000	-73,939,000	2,303,000	1,447,000	-24,677,000	-24,677,000
distribution of reclamation deposits
proceeds from the sale of marketable securities
investment in other financial assets																														0
cash provided used for investing activities
deferred electricity repayments																							1,324,000	1,324,000								2,815,000	-3,828,000	-3,828,000
net change in non-cash working capital																							13,112,000	13,112,000	-14,825,000	11,227,000	-749,000	-2,267,000	-2,267,000	14,444,000	-1,693,000	-18,245,000	7,387,000	7,387,000							-952,000	2,203,000				-3,240,000			7,063,000	13,969,000				-25,134,000			42,706,000
repayment of leases and equipment financings																							-4,341,000	-4,341,000
unrealized foreign exchange (gain) loss																								29,747,000					-6,689,000					8,332,000
assets
current assets
cash and equivalents																								50,169,000					45,665,000					64,232,000
accounts receivable																								4,477,000					14,735,000					15,259,000																																											5,898,350
inventories																								46,590,000					38,986,000					36,862,000																																								4,456,000			12,168,688		8,275,239	-2,214,516	2,991,725		1,521,290
other financial assets																								4,510,000					3,581,000					2,018,000
prepaids																								1,545,000					1,464,000					892,000																																														514,362	277,315
property, plant and equipment																								773,422,000					821,287,000					819,734,000
goodwill																								5,850,000					5,625,000					5,316,000
liabilities
current liabilities
accounts payable and other liabilities																								44,997,000					41,001,000					49,568,000
current portion of long-term debt																								13,697,000					9,856,000					10,513,000
current portion of deferred revenue																								11,375,000					3,907,000					3,649,000
interest payable on senior secured notes																								9,052,000					1,243,000					8,227,000
current income tax payable																								1,406,000					1,427,000
long-term debt																								389,765,000					345,625,000					324,734,000
benefit from environmental rehabilitation																								70,963,000					97,914,000					109,515,000
deferred and other tax liabilities																								40,468,000					83,793,000					84,686,000
deferred revenue																								39,444,000					39,367,000					38,791,000																															8,964,000	8,964,000
other financial liabilities																								2,436,000					1,513,000					3,539,000
equity
share capital																								436,318,000					423,438,000					422,268,000
contributed surplus																								52,239,000					49,274,000					48,767,000
accumulated other comprehensive income																								23,319,000					14,064,000					3,122,000
deficit																								-242,031,000					-139,699,000					-122,406,000
commitments and contingencies
subsequent event
purchase of copper put options																									-851,000			-851,000	-851,000
repayment of leases and equipment loans																										2,948,000
repayment of lease liabilities and equipment loans																												-3,806,000	-3,806,000
write-down of mine equipment																																			0
proceeds from equipment loan
repayment of capital leases and equipment loans																														-9,259,000	-311,000	504,000	-3,227,000	-3,227,000
proceeds on exercise of options and warrants																														283,000	-92,000	12,000	130,000	130,000	2,705,000	155,000	-2,158,000	2,226,000
repayment of senior notes
repayment of senior secured credit facility
settlement of copper call option
advance payments on product sales
current tax receivable																																		48,000
unrealized foreign exchange gains
deferred electricity payments																																							7,232,000	61,000	2,491,000	1,154,000
proceeds from senior secured credit facility																																									717,000	46,444,000
financing costs for senior secured credit facility
repayment of curis secured loan
interest payable on senior notes
unrealized foreign exchange (gains) loss
(repayment of) deferred electricity payments
financing costs
write-down of marketable securities																																														786,000	-53,000			13,755,000			9,387,000
proceeds from the sale/settlement of copper put options
common shares issued on exercise of stock options																																							19,000	-1,000	1,000	3,000
supplementary cash flow information.
proceeds from the sale/settlement of derivatives																																								500,000	-2,164,000	2,258,000			17,362,000
note
change in non-cash working capital items
accounts payable and accrued liabilities																																																														52,000			5,060,000	5,060,000				13,563,000	757,000							4,138,880					455,763			11,215,117		36,804	36,804
interest payable
income tax (paid) received
non-cash investing and financing activities
assets acquired under capital lease
interest earned on promissory note
interest expense on royalty obligation
royalty obligation settled by promissory note
taseko mines limited
notes to condensed consolidated interim financial statements
investment in financial assets
interest received																																												-114,000	178,000	258,000	12,000	-13,000	92,000	1,399,000			162,000	1,065,000	-54,000	-1,800,000	2,103,000	5,598,000	-517,000	1,402,000	610,000
repayment of debt
common shares issued for cash																																														2,574,000	-2,084,000	1,614,000	480,000	2,581,000			329,000	1,245,000	-23,000	-158,000	507,000	8,269,000	-132,000
investment in property, plant and equipment
change in fair value of copper put options																																														1,371,000	-3,605,000
acquisition of curis resources ltd.
proceeds from sale of financial assets
refund of (investment in) long-term prepaids
proceeds from debt issuance																																																					597,000
refund (investment) in long-term prepaids
investment in long-term prepaids
repurchase of common shares
income tax paid
income tax received
unrealized loss (gain) on copper derivatives
unrealized gain on copper derivatives
condensed consolidated interim balance sheets
deferred revenue – royalty obligation
operating cash flows – other items
non cash items
realized loss on copper derivative instruments
loss on sale of property, plant and equipment
reclamation expenditures
change in long-term prepaids
investing cash flows – other items
net cash reinvested in reclamation deposit
depreciation																																																					6,518,000	14,392,000	131,000	1,115,000	3,863,000	8,023,000	1,744,000	466,000	2,594,000																								302,702	541,815	1,027	178,377	178,377
unrealized loss on copper derivatives
proceeds from financial assets																																																						53,530,000	-9,550,000	-31,782,000	42,236,000
proceeds from sale of property, plant and equipment																																																									170,000
net earnings for the year
unrealized loss (gain) on derivatives
debt issuance cost
effect of exchange rate changes on
net earnings for the period																																																													5,753,000		-44,062,000	-31,009,000	76,449,000	76,449,000		7,893,000	3,512,000	3,072,000	-12,402,000	-81,000	16,282,000		915,000	-228,963	11,719,963
unrealized loss on derivatives																																																									15,484,000
proceeds from sale of property, plant and
equipment
loss on contribution to joint venture
unrealized gain on derivatives
gain on contribution to joint venture
purchase of financial assets
proceeds from contribution to joint venture
debt issuance costs
consolidated balance sheets
purchase of investments and other assets
proceeds from sale of investments and assets																																																											76,256,000
unrealized loss on derivative instruments																																																													486,000	1,883,000
net change in non-cash working capital items
proceeds from sale of investments and other assets
common shares issued for cash, net of issue costs																																																													6,913,000	3,749,000	-861,000	-876,000	1,825,000	1,825,000	-34,534,000				-10,000	-46,711,000	47,018,000	-3,040,000	4,617,000	168,450	111,550	19,045,435	7,859,613	2,053,448	2,934,999	9,260,518	-7,613,923	6,790,468	1,168,950	25,749,521	-7,051,211	4,054,593	4,054,593
items not involving cash
accretion of reclamation obligation																																																														658,000	5,000	-59,000	256,000	256,000	6,000	5,000	234,000	4,000	9,000	6,000	307,000	1,438,000	0	353	338,647	1,299,000	0	0	433,000
change in fair value of financial instruments																																																																								732,000	77,000	-77,000
depreciation, depletion and amortization																																																														9,119,000	-685,000	-678,000	2,580,000	2,580,000	-465,000	232,000	1,910,000					1,781,000	697,000	240,052	436,948
future income taxes																																																														36,217,000	-2,298,000	-1,545,000	10,304,000	10,304,000					-7,847,000			31,146,000	-4,524,000	5,178,250	3,844,750	-3,953,000	3,191,000
gain on contribution to the joint venture
gain on convertible debt repurchase
gain on sale of marketable securities
interest accretion on convertible debt																																																																			-382,000	-28,000	566,000	23,000	-293,000	16,000	742,000	1,601,000	582,000	23,302	715,698
interest accretion on long-term credit facility																																																																	211,000	211,000
loss on prepayment of credit facility																																																																	834,000	834,000
non cash donation expense																																																														503,000			503,000	503,000
premium paid on the redemption of royalty obligation																																																																	1,302,000	1,302,000
reclamation obligation change in estimate
site closure and reclamation expenditures
stock-based compensation																																																														9,233,000	66,000	-4,344,000	5,454,000	5,454,000	-508,000	924,000	657,000		-494,000	-1,175,000	2,772,000	4,906,000	-465,000	1,570,999	759,001	1,496,771	1,150,261	304,224	230,846	958,716	-222,387	228,148	164,549	3,646,160	1,229,398
realized loss on derivative instruments
changes in non-cash operating working capital
accrued interest expense on royalty obligation																																																																									359,000		0			1,099,901	0	-16,946	377,931
accrued interest income on promissory note																																																																	3,609,000	3,609,000			2,302,000
amounts due to a related party																																																														-1,963,000			251,000	251,000
income taxes payable																																																																	32,031,000	32,031,000
inventory																																																																				2,111,000	377,000
advances to joint venture
asset/liability under derivative instruments
prepaid expenses																																																														454,000			377,000	377,000																					-30,369	53,694	53,694
cash provided by (used for) operating activities
accrued interest income on reclamation deposits																																																																																								-298,884	-298,884
funds released from reclamation deposits																																																																					3,900,000
funds released from restricted cash																																																																	1,614,000	1,614,000			4,400,000
advance payments for equipment
investment in derivative asset
investment in marketable securities
proceeds from contribution to the joint venture																																																																	186,811,000	186,811,000
proceeds from sale of marketable securities																																																														2,400,000	12,508,000	682,000	859,000	859,000				-428,000	328,000
reclamation deposits
capital lease payments
principal repayment of loan obligations
proceeds (repayment) of bank indebtedness
proceeds from loan obligations																																																														-1,000
proceeds from royalty obligation
proceeds
re-purchase of convertible debt
cash from (used for) financing activities
loss on contribution to the joint venture
loss on sale of marketable securities
accrued interest recovery (expense) on royalty obligation																																																															1,000				0
cash from (used for) investing activities																																																																	180,617,000	180,617,000
repayment of bank indebtedness
repayment
unrealized gain on derivative instruments
liability under derivative instruments
cash from (used for) operating activities																																																																	30,001,000	30,001,000											25,522,817
interest accretion on long term credit suisse facility
repurchase of convertible debt
proceeds from long term credit facility																																																																					36,252,000
supplemental schedule for non-cash investing and financing activities
acquisition of assets under capital lease																																																																			248,000
shares issued for financing fees
fair value of stock options transferred to share capital from
contributed surplus on exercise of options
shares issued for the purchase of oakmont royalty interest
conversion of convertible debenture
gain on re-purchase of convertible debt
income taxes																																																																					3,219,000	5,398,000				1,036,000	2,022,000	728,175	2,388,825	5,396,674
funds (allocated to) released from restricted cash
payment of bank indebtedness
proceeds from payments loan obligations
share issued for financing fees
share issued for the purchase of royalty interest
advances to a related party																																																																					428,000
asset retirement obligation change in estimate
unrealized foreign exchange																																																																													1,222,198
advances to related parties
purchase of mineral property interest
restricted cash
settlement of convertible debenture
shares and units issued for the purchase of mineral property interests
increase in asset retirement costs included in mineral properties,
plant and equipment
equipment under capital lease
fair value of stock options transferred to share capital from contributed
surplus on exercise of options
amortization																																																																							472,000	390,000	701,000
advances to related patrties																																																																							-63,000
proceeds from redemption of continental promissory note
earnings for the year
loss on extinguishment of capital leases
loss on sale of equipment																																																																																					2,177,992
cash from (used in) operating activities
proceeds received on sale of property, plant and equipment																																																																																				-22,033,711	22,050,711
investments
proceeds from redemption and disposal of investments
investment in convertible promissory note
cash from (used in) investing activities
principal repayments under capital lease obligation
bank operating loan																																																																																								-40,403	-40,403
convertible bonds issued, net of issue costs
write down of mineral property acquisition costs
premium paid for acquisition of gibraltar reclamation
trust limited partnership
shares issued for loan guarantee																																																																																						0
shares issued pursuant to farmout agreement
funds advanced on promissory note
proceeds on sale of royalty
advances from gibraltar reclamation trust limited partnership
earnings for the period																																																																															1,009,016	-3,641,364	6,712,432	14,277,930
vehicle loans																																																																																				-120,014	310,042
advances from related parties																																																																																-157,874	225,026			-248,361	275,481			-2,981,270	-2,981,270
accrued interest expense on convertible debenture																																																																															1,622	-3,243	296,972
cash provided by (used for) financing activities
cash paid for:
interest																																																																															154,363
taxes																																																																															601,192
amortization and accretion																																																																																3,948	848,888	2,075,598
cash provided by
principal repayments on vehicle loans
acquisition premium paid for
gibraltar engineering services limited partnership
gibraltar reclamation trust limited partnership
advances from gibraltar engineering services limited partnership
cash from
accrued interest on reclamation deposits
accrued interest on promissory note
royalty expense																																																																																			-1,023,593
acquisition premium paid for gibraltar reclamation
accounts receivable and prepaids
deposit on property, plant and equipment
advances from gibraltar reclamation trust
limited partnership
prepaid treatment and refining
prepaid lease payments
increase (decrease) in cash and equivalents
cash and equivalents, including restricted cash
of 5 million (note 3(a)), end of period																																																																																			8,088,219
loss for the period																																																																																								-393,842	-393,842
loss (gain) on sale of equipment
depreciation, amortization and accretion
amounts receivable and prepaids																																																																																					1,152,825
loss for the year
gain on sale of property, plant and equipment
acquisition premium paid for gibraltar refinery (2002) ltd.
acquisition premium paid for remaining business of
amounts receivable																																																																																							-619,012	-437,789	-437,789
supplies inventory																																																																																								-1,474	-1,474
cash used by operating activities
cash paid on acquisition of harmony gold property
proceeds on sale of mineral property interests
cash provided (used) by investing activities
operating line of credit
write down on dissolution of subsidiaries
acquisition premium paid for remaining business
of gesl partnership
advances from gibraltar engineering services
write down of supplies inventory
mineral property interests
convertible debenture
reclamation deposit																																																																																								2,500,000	2,500,000
see accompanying notes to consolidated financial statements.
consolidated schedules of mineral property exploration expenses
three months ended december 31, 2002
exploration expenses
assays and analysis																																																																																								5,959
equipment rentals																																																																																								-89
geological
mine planning																																																																																								888
site activities																																																																																								165
exploration expenses during the period																																																																																								6,923
cumulative expenses, beginning of period																																																																																								41,487,910
cumulative expenses, end of period																																																																																								41,494,833
three months ended december 31, 2001
recovery of exploration expenses incurred on sale
exploration expenses (recovery) during the period																																																																																								9,579
consolidated schedule of refinery project expenses
refinery project expenses
engineering
environmental and permitting
metallurgy
pilot plant test work
support services
expenses during the period
investing activities - sum																																																																																									2,500,000
financing activities - sum																																																																																									1,032,920

Taseko Mines Limited(NYSE MKT:TGB)

Taseko Mines Limited
(NYSE MKT:TGB)