Tasico Mining Company Limited (TKO-Tokyo Stock Exchange, TGB-NYSE) to change its name to Trekor Metals Ltd. It will seek shareholder approval for the move at the company’s next annual meeting in Vancouver on June 24, 2026.
The proposed name change is designed to reflect Taseko’s growing business and expanded asset base in North America. Management believes it is the right time for a new name that reflects the company today and where it is headed.
“Over the past two decades, Taseko has been on a journey – steadily growing our business and unlocking value in our high-quality portfolio of development assets,” said Stuart McDonald, President and CEO of Taseko. “We have seized opportunities that others have overlooked and built value for shareholders and the communities in which we operate.” “Our journey will continue as Trekor, a name that embodies our values and reflects our ambition to continue growing the North American copper sector.”
Taseko shares were up 2.6%, or 24 cents, on Monday at $9.34. Shares are trading in a 52-week range of $12.47 to $2.80.
Taseko is a Vancouver-based company with a portfolio that includes the Gibraltar mine in British Columbia, the Florence copper project, and the New Prosperity copper and gold project, located near Williams Lake, British Columbia.
In March 2023, the company completed the acquisition of an additional 12.5% stake in the Gibraltar mine from Sojitz Corp. It now owns an effective 87.5% stake in the mine.
Florence Copper is an on-site copper recovery project located midway between Phoenix and Tucson, near the community of Florence, Arizona. The development is being carried out in two phases, including a production test facility in the first phase and a commercial facility in the second phase.
Florence is expected to produce an average of 85 million pounds of copper annually during its expected life of 22 years. Operating costs are expected to be $1.11 per pound. The SX/EW plant began operations in February 2026, and the first copper cathodes were harvested at the end of February. A total of 1.5 million pounds of copper cathode was produced in the first quarter of 2026. Five drilling rigs are now operating at the site and increased production from newly acidified wells is expected later in the second quarter.
Meanwhile, the Gibraltar mine produced 30 million pounds of copper and 717,000 pounds of molybdenum in the first quarter of 2026, at a total cost of $2.63 per pound of copper produced. Strong production levels since the second half of 2025 continued in Q1 and copper grades of 0.25% were consistent with the average age of the mine.
Taseko reported first-quarter net income of $16.8 million, or $0.05 per share. Adjusted net income was $27.5 million, or $0.08 per share.
