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Posted by Defense World Staff on Jul 22nd, 2026

Bank of New York Mellon Corp lowered its position in shares of TKO Group Holdings, Inc. (NYSE:TKO – Free Report) by 9.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,420 shares of the company’s stock after selling 39,040 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.20% of TKO Group worth $79,535,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CreativeOne Wealth LLC grew its holdings in TKO Group by 2.1% in the 4th quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock valued at $541,000 after buying an additional 54 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of TKO Group by 3.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock worth $373,000 after acquiring an additional 56 shares during the period. Stephens Inc. AR raised its holdings in shares of TKO Group by 2.7% during the 4th quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock worth $451,000 after acquiring an additional 56 shares during the period. Sunbelt Securities Inc. boosted its position in shares of TKO Group by 6.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock valued at $192,000 after acquiring an additional 56 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of TKO Group by 29.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company’s stock valued at $52,000 after acquiring an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Activity In related news, insider Mark S. Shapiro acquired 10,807 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the transaction, the insider owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This represents a 9.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of the business’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $182.63, for a total transaction of $1,751,239.07. Following the completion of the sale, the director directly owned 72,013 shares of the company’s stock, valued at approximately $13,151,734.19. This trade represents a 11.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 24,308 shares of company stock valued at $4,499,679 and have sold 28,696 shares valued at $5,511,785. 64.30% of the stock is currently owned by corporate insiders.

TKO Group Stock Performance NYSE TKO opened at $181.81 on Wednesday. The company has a market cap of $35.29 billion, a P/E ratio of 67.84 and a beta of 0.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a 50-day moving average of $196.27 and a two-hundred day moving average of $198.87. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94.

TKO Group (NYSE:TKO – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business earned $0.69 EPS. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. As a group, analysts anticipate that TKO Group Holdings, Inc. will post 4.94 EPS for the current year.

TKO Group Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s dividend payout ratio (DPR) is 117.91%.

Analysts Set New Price Targets TKO has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research report on Tuesday. Citizens Jmp began coverage on shares of TKO Group in a report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 target price on the stock. Guggenheim dropped their price target on shares of TKO Group from $232.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and an average price target of $233.87.

Check Out Our Latest Stock Report on TKO Group

TKO Group Company Profile (Free Report)

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.

See Also Five stocks we like better than TKO Group Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding TKO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TKO Group Holdings, Inc. (NYSE:TKO – Free Report).

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VANCOUVER, British Columbia, July 14, 2026 (GLOBE NEWSWIRE) -- Trekor Metals Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) (“Trekor” or the "Company") is pleased to announce second quarter production results for its 100%-owned Gibraltar mine and Florence Copper production facility.

Gibraltar produced 30.3 million pounds of copper and 559 thousand pounds of molybdenum in the second quarter. Mining activities were focussed in the lower benches of the Connector Pit, which delivered ore grades in line with the life of mine average. Mill throughput and recoveries were also consistent with the previous two quarters. Copper sales from Gibraltar totalled 32.2 million pounds in the period.

At Florence Copper, the production ramp-up has advanced smoothly in recent months. A total of 5.2 million pounds of copper cathode was produced in the second quarter, in line with management expectations, as consistent copper production was achieved from the initial wells. With the wellfield and SX/EW plant operating steady-state, the first new production wells were integrated into the system in early June, resulting in higher pregnant leach solution (“PLS”) grades and increased copper production for the month.

Sales for the quarter were 5.3 million pounds of copper. Cathode quality has met all customer specifications and trucking logistics have been running smoothly to-date.

Annual copper production guidance for 2026 remains unchanged for Gibraltar (110 to 115 million pounds) and Florence Copper (30 to 35 million pounds).

Stuart McDonald, President & CEO of Trekor, commented, “We are pleased with production performance at both our producing assets this quarter. At Gibraltar, production has remained consistent for the past three quarters as mining operations are well established in the Connector Pit. Operating costs continue to be impacted by higher diesel and explosive costs.”

“The Florence ramp-up is advancing on plan, and the team has made excellent progress stabilizing all key circuits. At the end of the quarter, there were 110 production wells operating and feeding the SX/EW plant with flow rates of approximately 3,400 gallons per minute and PLS grades of 1.8 grams per liter. The site operating team continues to refine and optimize wellfield operations to maximize copper production from the existing wells. Wellfield expansion is also a key focus for the ongoing ramp-up, and we’re on track to bring an additional 26 wells online in August with regular monthly additions of new wells for the remainder of the year,” concluded Mr. McDonald.

For further information on Trekor, see the Company’s website at trekormetals.com or contact:

Investor Enquiries: Brian Bergot, Vice President, Investor Relations - 778-373-4533 or toll-free 1-877-441-4533
Stuart McDonald
President and CEO

No regulatory authority has approved or disapproved of the information contained in this news release

Caution Regarding Forward-Looking Information

This document contains “forward-looking statements” that were based on Trekor’s expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “outlook”, “anticipate”, “project”, “target”, “believe”, “estimate”, “expect”, “intend”, “should” and similar expressions.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These included but are not limited to:

uncertainties about the future market price of copper and the other metals that we produce or may seek to produce;changes in general economic conditions, the financial markets and in the market price for our input costs including due to inflationary impacts, such as diesel fuel, acid, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly with respect to the value of the U.S. dollar and Canadian dollar, and the continued availability of capital and financing;inherent risks associated with mining operations, including our current mining operations at Gibraltar and Florence Copper, and their potential impact on our ability to achieve our production estimates;our high level of indebtedness and its potential impact on our financial condition and the requirement to generate cash flow to service our indebtedness and refinance such indebtedness from time to time;any increases in interest rates may increase our borrowing costs and impact the profitability of our operations;the amounts we are required to pay for our acquisition of Cariboo will increase with higher copper prices;the risk of inadequate insurance or inability to obtain insurance to cover our business risks;uncertainties related to the accuracy of our estimates of Mineral Reserves (as defined below), Mineral Resources (as defined below), production rates and timing of production, future production and future cash and total costs of production and milling;the risk that we may not be able to expand or replace Mineral Reserves as our existing Mineral Reserves are mined;the risk that the ramp-up of the Florence Copper commercial production facility does not proceed within projected timelines or cost estimates, or that initial operations do not achieve results consistent with the projections in the Florence Copper Technical Report, including with respect to operating costs, revenue, sustaining capital, rates of return and cash flows from operations;our ability to comply with all conditions imposed under the APP and UIC permits for the operation of Florence Copper;the availability of, and uncertainties relating to, any additional financing necessary for the continued ramp-up and commercial operation of Florence Copper, including with respect to our ability to obtain any additional financing, if needed, to continue and expand commercial operations at Florence Copper;shortages of water supply, critical spare parts, acid, diesel, maintenance service and new equipment and machinery or our ability to manage surplus water on our mine sites may materially and adversely affect our operations and development projects;our ability to comply with the extensive governmental regulation to which our business is subject;uncertainties related to our ability to obtain necessary title, licenses and permits for our development projects and project delays due to third party opposition;uncertainties related to Indigenous people’s claims and rights, and legislation and government policies regarding the same;our reliance on the availability of infrastructure necessary for development and on operations, including on rail transportation and port terminals for shipping of our copper concentrate production from Gibraltar, and rail transportation and power for the feasibility of our other British Columbia development projects;uncertainties related to unexpected judicial or regulatory proceedings;changes in, and the effects of, the laws, regulations and government policies affecting our exploration and development activities and mining operations;potential changes to the mineral tenure system in British Columbia, which is undergoing reform including for compliance with the British Columbia Declaration on the Rights of Indigenous Peoples Act (“DRIPA”);our dependence solely on our 100% interest in Gibraltar and in due course, Florence Copper for our revenues and our operating cash flows;our ability to extend existing concentrate off-take agreements and cathode purchase agreements or enter into new agreements;environmental issues and liabilities associated with mining including processing and stockpiling ore;labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate mines, industrial accidents, equipment failure or other events or occurrences, including third party interference that interrupt the production of minerals in our mines;environmental hazards and risks associated with climate change, including the potential for damage to infrastructure and stoppages of operations due to extreme cold, extreme heat, forest fires, flooding, drought, earthquakes or other natural events in the vicinity of our operations;litigation risks and the inherent uncertainty of litigation;our actual costs of reclamation and mine closure may exceed our current estimates of these liabilities;our ability to renegotiate our existing union agreement for Gibraltar when it expires in May 2027;the capital intensive nature of our business both to sustain current mining operations and to develop any new projects;our ability to develop new mining projects in British Columbia may be impacted by joint decision-making and consent agreements being implemented by the Government of British Columbia with First Nations under DRIPA;The ability to develop the New Prosperity Project is subject to the restrictions set out in our June 2025 Tripartite Agreement with the Province of British Columbia and the Tŝilhqot’in Nation (the “Teẑtan Biny Agreement”), under which the New Prosperity Project is subject to a land use planning process with the Province of British Columbia and we are not permitted to be the proponent of any development of the New Prosperity Project;our reliance upon key personnel;the competitive environment in which we operate;the effects of forward selling instruments to protect against fluctuations in copper prices and other input costs including diesel and acid;the risk of changes in accounting policies and methods we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates;uncertainties relating to the war in Ukraine, the escalating military conflict involving Iran and broader Middle East instability, and other future geopolitical events including social unrest, which could disrupt financial markets, commodity markets, supply chains, the price and availability of energy, availability of materials and equipment and execution timelines for any project development;uncertainties relating to the delivery of oil through the Strait of Hormuz resulting from Middle East instability, which could have an adverse effect on global economic activity and potentially increase operating costs generally and reduce global demand for copper, and have a material adverse effect on our business, operations, and the feasibility of our development projects;changes to U.S. trade policies and tariff measures, including retaliatory tariffs imposed or threatened by Canada and other trading partners, may adversely impact overall economic conditions, copper markets, supply chains, metal prices and input costs; andother risks detailed from time-to-time in our annual information forms, annual reports, MD&A, quarterly reports and material change reports filed with and furnished to securities regulators, and those risks which are discussed under the heading “Risk Factors”.
For further information on Trekor, investors should review the Company’s annual report on Form 40-F filed with the United States Securities and Exchange Commission and available at www.sec.gov and home jurisdiction filings that are available at www.sedarplus.ca.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b4193c9f-a8a2-43cc-9861-2d394037ff21

Copper Cathode at Florence Copper Copper Cathode at Florence Copper

NEW YORK--(BUSINESS WIRE)--TKO Group Holdings, Inc. (“TKO”) (NYSE: TKO), a premium sports and entertainment company, will release its second quarter 2026 results after market hours on Monday, August 3, 2026. The live teleconference to discuss these results and provide a business update is scheduled for 5 p.m. ET / 2 p.m. PT the same day. The earnings release, the live call and any supporting materials will be accessible via TKO's IR site – investor.tkogrp.com. Participants can also access the t.

NEW YORK--(BUSINESS WIRE)--TKO Group Holdings, Inc. (NYSE: TKO) (“TKO” or the “Company”), a premium sports and entertainment company, today announced the completion of its accelerated share repurchase agreement (the “ASR Agreement”) to repurchase $800 million of its outstanding Class A common stock. “Completing this ASR marks another important step in our capital return program and reflects our continued confidence in TKO's business and outlook,” said Mark Shapiro, President and COO of TKO. “Al.

Partnership Includes Ridge Riders' First Bull Riding Scholarship Program and Rider Clinics for Arizona Youth, the first of which will be held Saturday Morning hosted by actor Mo Brings Plenty

, /PRNewswire/ -- The Arizona Ridge Riders are set to kick off their training camp this weekend in Buckeye, Arizona ahead of the 2026 PBR Teams season with a new team sponsor. On Saturday, June 27, Arizona's bull riding team will officially announce a new multi-year partnership with Energy Transfer, one of the nation's largest energy infrastructure companies behind the planned Desert Southwest Pipeline project that will bring natural gas into the Phoenix to meet increasing demand.

AZ Ridge Riders Energy Transfer will become an Official Partner of the Arizona Ridge Riders and Presenting Sponsor of Ridge Rider Days, the team's annual training camp and fan experience. The partnership will be on full display this weekend as riders, coaches, fans, and the local community come together to open the 2026 season, which begins July 11 at Canvas Stadium in Fort Collins, CO.

A key component of the relationship is youth development. During training camp, Energy Transfer will serve as Presenting Sponsor of the Ridge Riders' inaugural Youth Rider Clinic, bringing together approximately two dozen young Arizona riders for a day of instruction, mentorship, and access to professional athletes and coaches. The company will further invest in the next generation of Western sports athletes through the Ridge Riders' new Youth Bull Riding Scholarship Program.

Energy Transfer will also receive prominent branding on the back yoke of team jerseys throughout the PBR Teams season.

"Success in this sport starts long before the chute opens," said Casey Lane, General Manager of the Arizona Ridge Riders. "It begins with investing in young athletes, supporting local communities, and creating opportunities for people to experience Western sports firsthand. Energy Transfer has a genuine interest in the success of the communities where they do business, and that's what makes them such a great fit for the Arizona Ridge Riders and Ridge Rider Days."

The agreement also includes a season-long social media content series and ambassador programming featuring actor, producer, and Western advocate Mo Brings Plenty, bringing fans closer to the team, its athletes, and the Western lifestyle throughout the season.

"We are thrilled to launch this partnership with the Arizona Ridge Riders, our first in the exciting world of professional bull riding," said Vicki Anderson Granado, Vice President of Energy Transfer. "We are especially proud of the new initiatives the team will launch to support young Arizona athletes interested in this sport. Energy Transfer has been operating a natural gas pipeline in Arizona for decades, but as the company behind the planned Desert Southwest Pipeline project, which will bring much-needed natural gas to state, we felt this partnership with Arizona's hometown PBR team would allow us to step forward in a more impactful way to make a difference in local communities throughout Phoenix."

Owned by Teton Ridge, the leading force in Western sports, media, and entertainment, the Arizona Ridge Riders are one of the premier franchises in the PBR Teams league. Together, the organizations share a commitment to strengthening communities, creating opportunities for young athletes, and growing the future of Western sports.

About PBR Teams

PBR Teams is an elite league featuring the world's top bull riders competing on teams in five-on-five games leading to a Team Championship at T-Mobile Arena in Las Vegas. During the 2026 season, each of the league's 10 teams – Arizona Ridge Riders, Austin Gamblers, Carolina Cowboys, Florida Freedom, Kansas City Outlaws, Missouri Thunder, Nashville Stampede, New York Mavericks, Oklahoma Wildcatters and Texas Rattlers – will host a three-day homestand event while competing for the league championship.

PBR Teams, launched in 2022, builds on the existing structure of professional bull riding with the same basic rules for judging and scoring qualified 8-second bull rides. During events, teams compete head-to-head with the team posting the highest aggregate score declared the winner.

PBR is part of TKO Group Holdings, Inc. (NYSE: TKO), a global sports and entertainment company. For more information, visit PBR.com.

For more information, visit arizonaridgeriders.com.

SOURCE Teton Ridge

VANCOUVER, British Columbia, June 24, 2026 (GLOBE NEWSWIRE) -- Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) (“Taseko” or the "Company") announces the voting results from its 2026 Annual General Meeting held Wednesday, June 24, 2026 in Vancouver, British Columbia.

The Company also announces that shareholders approved the change of the Company’s name to Trekor Metals Limited. The name change will become legally effective on June 25, 2026.

A total of 216,723,190 common shares were voted at the meeting, representing 59.3% of the votes attached to all outstanding common shares. Shareholders voted in favour of all items of business before the meeting, including the Ordinary Resolutions to approve the Name Change and certain amendments to the Company’s existing deferred share unit plan, the Advisory Resolution on executive compensation (Say-on-Pay) and the election of all director nominees, as follows:

Director% Votes in FavourAnu Dhir97.2%Robert A. Dickinson73.8%Russell E. Hallbauer98.3%Rita Maguire99.2%Stuart McDonald98.3%Peter C. Mitchell99.0%Kenneth Pickering96.5%Ronald W. Thiessen93.4%Crystal Smith98.8%
The Company’s common shares will commence trading under the new name on the Toronto Stock Exchange and New York Stock Exchange at the start of trading on June 29, 2026 and on the London Stock Exchange on June 30, 2026. The ticker symbol for the Company’s common shares will remain unchanged (TSX: TKO; NYSE American: TGB; LSE: TKO). Further to the name change, the new CUSIP number for the Company’s common shares will be 89472Y107, effective June 25, 2026. The Company’s ISIN will also change from CA8765111064 to CA89472Y1079 with effect from June 30, 2026.

There is no change to the Company’s share capital or the rights attaching to its shares, and its listing on the London Stock Exchange remains unchanged.

Detailed voting results for the 2026 Annual General Meeting are available at www.sedarplus.ca.

For further information on Taseko, see the Company’s website at www.tasekomines.com or contact:

Brian Bergot, Vice President, Investor Relations – 778-373-4533.

Stuart McDonald
President and CEO

No regulatory authority has approved or disapproved of the information contained in this news release.

VANCOUVER, British Columbia, April 30, 2026 (GLOBE NEWSWIRE) -- Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) (the “Company”) will release its first quarter 2026 financial results after market close on Wednesday, May 6, 2026.

The Company will host a telephone conference call and live webcast on Thursday, May 7, 2026, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific) to discuss these results. After opening remarks by management, there will be a question and answer session open to analysts and investors.

The conference call may be accessed by dialing 800-715-9871 toll free or 646-307-1963, using the access code 3266924.

The webcast may be accessed at tasekomines.com/investors/events and will be archived until May 7, 2027 for later playback.

For further information on Taseko, see the Company’s website at tasekomines.com or contact:

Brian Bergot, Vice President, Investor Relations - 778-373-4554

Stuart McDonald
President and CEO

No regulatory authority has approved or disapproved of the information contained in this news release.

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VANCOUVER, British Columbia, May 06, 2026 (GLOBE NEWSWIRE) -- Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) ("Taseko" or the "Company") reports first quarter 2026 Adjusted EBITDA* of $93 million and Earnings from mining operations before depletion and amortization and non-recurring items* of $115 million, a 172% and 195% improvement over the same period in 2025, respectively.  Revenues in the first quarter were $237 million from the sale of 27 million pounds of copper and 708 thousand pounds of molybdenum.  First quarter net income was $17 million ($0.05 per share) and Adjusted net income* was $28 million ($0.08 per share).

As previously released, Gibraltar produced 30 million pounds of copper and 717 thousand pounds of molybdenum in the first quarter, at Total operating cost (C1)* of US$2.63 per pound of copper produced.  The strong production levels from the second half of 2025 continued in the first quarter and copper grades of 0.25% were in line with the life of mine average. Mill throughput was 7.0 million tons in the first quarter, slightly lower than the previous quarter. Throughput was adjusted to optimize copper recoveries, which increased to 83% in the quarter, and was also impacted by unscheduled maintenance. Tons mined in the first quarter were in line with plan.

At Florence Copper, the injection of solutions in the wellfield commenced in late 2025 in parallel with the SX/EW plant commissioning.  Initial flowrates were above expectations resulting in faster acidification of the wellfield, and solution grades reached targeted levels in January. The SX/EW plant commenced operation in February, and 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.  Five drill rigs are now operating on site and increased production from newly acidified wells is expected later in the second quarter. Additional production growth will come as new groups of wells are constructed, tested, and integrated into the wellfield operation over the remainder of the year.  Expected copper cathode production in 2026 continues to be in the range of 30 to 35 million pounds.

Stuart McDonald, President & CEO of Taseko, commented, “Both of Taseko’s producing assets performed well in the first quarter.  Gibraltar operations have achieved a consistent production level in recent quarters as mining activities have been advancing on plan in the Connector pit.”

“At Florence Copper, we are very pleased with the first six months of wellfield operations and first two months of plant operations.  After the initial cathode harvest at the end of February, our operating team has done an excellent job stabilizing solution flow and grade from the wellfield through to the SX/EW plant circuits. Copper production from the initial wells has achieved a steady rate, in line with our expectations, and the focus is now on expanding the wellfield to ramp-up production over the remainder of the year.”

“Environmental assessment work on our Yellowhead copper project continued to advance in the quarter.  After the first round of community open houses that we held last fall, our next significant milestone is filing the detailed project description, which will incorporate feedback received from the general public, Indigenous communities, and regulatory agencies.  We are working on this now with the goal to file it this coming summer.”

“Taseko is uniquely positioned as a North American copper growth story.  Florence Copper is adding low-cost production and cash flow growth this year, to Gibraltar’s existing production base.  The Company is well positioned to capitalize on the strong copper markets we see today, and continue to unlock value from our pipeline of large-scale longer term projects.”

*Non-GAAP performance measure.  See end of news release.

First Quarter Review

Earnings from mining operations before depletion and amortization* was $114.6 million, Adjusted EBITDA* was $93.5 million and cash flow from operations was $93.9 million;Net income was $16.8 million ($0.05 earnings per share) and Adjusted net income* was $27.5 million ($0.08 adjusted earnings per share);Gibraltar produced 30.0 million pounds of copper, including 0.7 million pounds of copper cathode, at a total operating cost (C1)* of US$2.63 per pound of copper produced.  Copper head grades averaged 0.25% and recoveries averaged 83%;Gibraltar sold 27.0 million pounds of copper, including 0.9 million pounds of copper cathode, at an average realized copper price of US$5.74 per pound contributing to revenues of $237.1 million for Taseko.  The Company had copper collar contracts maturing in the first quarter for 27 million pounds with a ceiling price of US$5.40 per pound, resulting in a realized derivative loss of $17.4 million;Site costs increased in the quarter compared to 2025 as a result of higher diesel and explosive costs which could remain elevated in the coming quarters due to market factors;Florence Copper’s SX/EW plant started up in mid-February and first copper cathodes were harvested at the end of February.  A total of 1.5 million pounds of copper cathode was produced in the last five weeks of the quarter.  Ongoing drilling and expansion of the wellfield will continue in 2026 to support the ramp up of copper production at Florence; andAt March 31, 2026, the Company had a cash balance of $169 million and total available liquidity of $322 million including its undrawn corporate revolving credit facility.  Three months ended
March 31,Gibraltar operating data20262025ChangeTons mined (millions)24.223.21.0 Tons milled (millions)7.07.9(0.9)Production (million pounds Cu)30.020.010.0 Sales (million pounds Cu)27.021.85.2  Financial dataThree months ended
March 31,(Cdn$ in thousands, except per share amounts)20262025 ChangeRevenues237,093139,149 97,944Cash flows from operations93,85755,892 37,965Net income (loss)16,844(28,560)45,404Per share - Basic (“EPS”)0.05(0.09)0.14Earnings from mining operations before depletion, amortization and non-recurring items*114,56138,791 75,770Adjusted EBITDA*93,46334,391 59,072Adjusted net income (loss)*27,535(6,943)34,478Per share - Basic (“Adjusted EPS”)*0.08(0.02)0.10 *Non-GAAP performance measure. See end of news release.

Review of Operations

Gibraltar

Operating dataQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Tons mined (millions) 24.2  28.0  29.3  30.4  23.2 Tons milled (millions) 7.0  7.2  7.8  7.7  7.9 Strip ratio 2.6  2.2  1.5  2.3  4.6 Site operating cost per ton milled*$18.15 $16.61 $14.98 $11.23 $8.73 Copper concentrate     Head grade (%) 0.25  0.26  0.22  0.20  0.19 Recovery (%) 82.6  80.9  77.2  63.2  67.5 Production (million pounds Cu) 29.2  29.8  26.7  19.4  20.0 Sales (million pounds Cu) 26.0  30.8  25.4  19.0  21.8 Inventory (million pounds Cu) 5.9  2.9  4.0  2.7  2.3 Copper cathode     Production (thousand pounds Cu) 733  919  895  395  - Sales (thousand pounds Cu) 938  783  905  -  - Molybdenum concentrate     Production (thousand pounds Mo) 717  830  558  180  336 Sales (thousand pounds Mo) 708  953  421  178  364 Per unit data (US$ per Cu pound produced)1     Site operating cost*$3.09 $2.80 $3.09 $3.15 $2.41 By-product credit* (0.62) (0.59) (0.39) (0.19) (0.33)Site operating cost, net of by-product credit* 2.47  2.21  2.70  2.96  2.08 Off-property cost* 0.16  0.26  0.17  0.18  0.18 Total operating cost (C1)*$2.63 $2.47 $2.87 $3.14 $2.26  1  Copper pounds produced includes copper in concentrate and copper cathode.

Operations Analysis

First Quarter Results of Gibraltar

Gibraltar copper production totaled 30.0 million pounds in the quarter, including 0.7 million pounds of copper cathode, which was comparable to the previous quarter and a 50% increase from the comparative prior year quarter.  Gibraltar’s cathode production benefited from the SX/EW plant operating continuously through the winter months.

Copper head grades averaged 0.25% and were in line with life of mine average grades.  Copper recoveries averaged 83% and benefitted from improved ore characteristics. Copper sales in the first quarter were 27.0 million pounds, and lower than production due to shipment timing.

Mill throughput was 7.0 million tons in the first quarter, impacted by lower mill availability due to maintenance activities and ore hardness.

*Non-GAAP performance measure. See end of news release.

Operations Analysis - continued

A total of 24.2 million tons were mined in the first quarter, comparable to the comparative prior year quarter.  The average strip ratio was 2.6 in the quarter, reflecting continued advancement of waste stripping for the next phases of the Connector pit.

Total Gibraltar site costs* were $142.2 million (including capitalized stripping of $15.2 million) in the first quarter reflecting higher costs for key inputs and unscheduled maintenance activities. Diesel costs increased $5.3 million compared to the comparative prior year quarter, driven by both higher usage and increased diesel prices in March as a result of rising oil prices due to the ongoing conflict in the Middle East.  Explosives costs also increased $6.1 million compared to the comparative prior year quarter, driven by higher usage and higher costs caused by a disruption in the supply chain.  Site costs were also higher due to unscheduled maintenance activities, primarily on the loader and dozer fleets.

Molybdenum production was 717 thousand pounds in the first quarter and reflects the higher molybdenum grades realized in Connector pit ore.  At an average molybdenum price of US$25.73 per pound for the quarter, molybdenum provided a by-product credit of US$0.62 per pound of copper produced.

Off-property costs were US$0.16 per pound of copper produced and reflect the lower treatment and refining charges (“TCRC”) realized on Gibraltar’s favorable offtake contracts.

Total operating costs (C1)* were US$2.63 per pound of copper produced for the first quarter, compared to US$2.47 per pound of copper produced for the prior quarter, driven by higher repairs and maintenance costs and higher costs for key inputs, particularly diesel and explosives, partially offset by higher capitalized stripping costs and lower offsite costs.

Gibraltar Outlook

Mining activity is focused in the Connector pit, which will be the primary source of ore for the next three years (2026 through 2028).  Total copper production at Gibraltar for 2026 is expected to be in the range of 110 to 115 million pounds and is expected to continue at similar levels (± 5%) until completion of mining in the Connector pit.  This includes the expected impact of supergene ore on mill recoveries as well as a more conservative forecast for head grade based on mining experience to-date in the Connector pit.

*Non-GAAP performance measure. See end of news release.

Gibraltar Outlook - continued

Oxide ore mined from Connector Pit has been stacked on leach pads and will be processed in the Gibraltar SX/EW plant in the coming years.  The second oxide leach pad is now being integrated into the operation, which is expected to increase flow rates to the SX/EW plant, and support higher copper cathode production going forward.

Site diesel prices are currently $0.50 per litre higher than February levels. At these higher prices, Gibraltar’s operating costs will increase by approximately US$0.15 per pound in future quarters if these market conditions prevail. 

Molybdenum production in 2026 is expected to remain at similar levels to 2025, and with molybdenum prices above US$25.00 per pound, we continue to expect strong molybdenum by-product credits.

The Company has offtake agreements covering substantially all of Gibraltar’s copper concentrate production for 2026, which contain low and in certain cases negative TCRC rates reflecting the continued tight copper smelting market.  Based on the contract terms, the Company expects TCRCs to be nominal in 2026, similar to 2025. Spot TCRC rates continue to be attractive and the Company could tender additional 2027 tons in the coming months to take advantage of the favorable market.

The Company has a prudent hedging program in place to protect a minimum copper price and Gibraltar cash flow during the ramp-up of commercial operations at Florence Copper.  Currently, the Company has copper collar contracts in place with a floor of US$4.00 per pound and a ceiling of US$5.40 per pound for 27 million pounds of copper production for the second quarter of 2026, and a floor of US$4.75 per pound and a ceiling of between US$7.50 and US$8.50 per pound for 24 million pounds of copper production for the third quarter of 2026 (refer to “Financial Condition Review—Hedging Strategy” for details).  The Company has not hedged any of its Florence Copper production.

Florence Copper

Florence Copper is an in-situ copper recovery operation, located in Arizona, USA, that produces LME Grade A copper metal without conventional open-pit mining methods or major surface disturbance.  Florence Copper is projected to rank among the lowest greenhouse gas (“GHG”) intensity primary copper producers in North America, delivering environmentally responsible copper to North American manufacturers and consumers.  The commercial operations at Florence Copper have an annual production capacity of 85 million pounds of copper and with current reserves has a current mine life of 22 years.  Florence Copper is expected to be in the lowest quartile of primary producers on the global copper cost curve based on its long-term operating parameters once at full production capacity.

Construction activities at Florence Copper were substantially complete in the fourth quarter of 2025. 

The focus of the operating team in the first quarter transitioned to wellfield operations, commissioning of the SX/EW plant and the start of production.  Commercial wellfield acidification commenced in November with initial injection flowrates slightly above expectations.  Commissioning of the SX/EW plant area advanced in parallel with initial wellfield operations, and plant operations commenced mid-February.  Plating of copper cathode commenced with the startup of the electrowinning circuit and first cathodes were harvested at the end of February.

Florence Copper - continued

Wellfield drilling re-commenced in late 2025 and there are currently five drill rigs operating on site.  Continued expansion of the commercial wellfield will be required to support higher solution flows and increased copper production as the Florence Copper commercial operation progresses through its ramp up in 2026.

Total production in 2026 at Florence Copper is expected to be in the range of 30 to 35 million pounds of copper.  In the first quarter, with the SX/EW plant operating, Florence Copper produced a total of 1.5 million pounds of LME Grade A copper cathode with corresponding sales of 619 thousand pounds.

Florence Copper has a fixed price contract in place for all sulphuric acid requirements for 2026, so there is no expected near-term impact from reported disruptions in global acid supply chains due to geopolitical events in the Middle East.

Florence Copper site costs
(US$ in thousands)Three months ended
March 31, 2026Commissioning and start-up costs15,175Wellfield development capital expenditures13,075Site operating costs7,414Total site costs35,664
Long-term Growth Strategy

Taseko’s strategy has been to grow the Company by acquiring and developing a pipeline of projects focused on copper in North America.  We continue to believe this will generate long-term returns for shareholders.  Our other development projects are located in BC, Canada.

Yellowhead copper project

In July 2025, the Company published a new report titled “Technical Report Update on the Yellowhead Copper Project, British Columbia, Canada” (the “Yellowhead 2025 Technical Report”).  Based on the Yellowhead 2025 Technical Report, the Yellowhead copper project is expected to produce 4.4 billion pounds of copper over a 25-year mine life at an average C1 cost, net of by-product credit, of US$1.90 per pound of copper produced.  During the first 5 years of operation, the Yellowhead project is expected to produce an average of 206 million pounds of copper per year at an average C1 cost, net of by-product credit, of US$1.62 per pound of copper produced.  The Yellowhead project also contains valuable precious metal by-products with 282,000 ounces of gold production and 19.4 million ounces of silver production over the life of mine.

The economic analysis in the Yellowhead 2025 Technical Report was prepared using a copper price of US$4.25 per pound, a gold price of US$2,400 per ounce, and a silver price of US$28.00 per ounce. 

Project highlights based on the Yellowhead 2025 Technical Report are detailed below:

Average annual copper production of 178 million pounds over a 25 year mine life at total cash costs (C1) of US$1.90 per pound of copper produced;Over the first 5 years of the mine life, copper grade is expected to average 0.32% producing an average of 206 million pounds of copper at total cash costs (C1) of US$1.62 per pound of copper produced; Long-term Growth Strategy - continued

Concentrator designed to process 90,000 tonnes per day of ore with an expected copper recovery of 90%, and produce a clean copper concentrate with payable gold and silver by-products;Conventional open pit mining with a low strip ratio of 1.4;After-tax net present value of $2.0 billion (8% after-tax discount rate) and after-tax internal rate of return of 21%;Initial capital costs of $2.0 billion with a payback period of 3.3 years; andExpected to be eligible for the Canadian federal Clean Technology Manufacturing Investment Tax Credit, with 30% (approximately $540 million) of eligible initial capital costs reimbursed in year 1 of operation. In June 2025, the Yellowhead project’s Initial Project Description was filed and accepted by the British Columbia Environmental Assessment Office and Impact Assessment Agency of Canada, formally commencing the Environmental Assessment process. 

The Company continued to advance the environmental assessment work on the Yellowhead project in the quarter.  After the first round of community-based open houses that were held in the fall, the next significant milestone is filing the detailed project description, based on public, Indigenous and agency feedback.  On April 29, 2026, the Government of BC announced that the Yellowhead copper project has been added to its list of priority major projects.

The Company continues to engage with project stakeholders to ensure that the development of the Yellowhead Project is in line with environmental and social expectations.  The Company has a community office for the Yellowhead project to support ongoing engagement with local communities including First Nations.

New Prosperity copper-gold project

In June 2025, Taseko, the Tŝilhqot’in Nation and the Province of BC reached a historic agreement concerning the New Prosperity project (the “Teẑtan Biny Agreement”).  The Teẑtan Biny Agreement ended litigation among the parties while providing certainty with respect to how the significant copper-gold resource at New Prosperity may be developed in the future.

As part of the Teẑtan Biny Agreement, Taseko contributed a 22.5% equity interest in the New Prosperity mineral tenures to a trust for the future benefit of the Tŝilhqot’in Nation.  The trust will transfer the property interest to the Tŝilhqot’in Nation if and when it consents to a proposal to pursue mineral development in the project area. Taseko retains a majority interest (77.5%) in the New Prosperity mineral tenures and can divest some or all of its interest at any time, including to other mining companies that could advance a project with the consent of the Tŝilhqot’in Nation.  However, Taseko has committed not to be the proponent (operator) of mineral exploration and development activities at New Prosperity, nor the owner of a future mine development. Taseko has also entered into a consent agreement with the Tŝilhqot’in Nation, whereby no mineral exploration or development activity can proceed in the New Prosperity project area without the free, prior and informed consent of the Tŝilhqot’in Nation.  The Province of BC and the Tŝilhqot’in Nation have agreed to negotiate the process by which the consent of the Tŝilhqot’in Nation will be sought for any proposed mining project to proceed through an environmental assessment process and have also agreed to undertake a land-use planning process for the area of the mineral tenures and a broader area of land within Tŝilhqot’in territory.

Long-term Growth Strategy - continued

Aley niobium project

Environmental monitoring and product marketing initiatives on the Aley niobium project continue. The converter pilot test is ongoing to provide additional process data to support the design of commercial process facilities.  In 2025, the Company produced on-spec ferro-niobium, and the process is now scaling up to provide product samples to support marketing initiatives.  The Company is also conducting a scoping study to investigate the potential for Aley to produce high-purity niobium oxides to supply the emerging niobium-based battery technology market.

Harmony gold project

On July 12, 2021, Taseko announced that it had entered into an asset purchase agreement (the “Agreement”) to sell the Harmony Gold Project to JDS Gold Inc. ("JDS"), a newly incorporated company controlled by JDS Energy & Mining Inc. and affiliates.  Under the terms of the Agreement, JDS became the owner and operator of the Harmony Gold Project, a high-grade development-stage gold project located on Graham Island in Haida Gwaii.  Taseko retained a 15% carried interest in JDS and a 2% net smelter return royalty on the Project.  Taseko also had the right to terminate the Agreement and revert to 100% ownership of Harmony in the event JDS did not achieve certain project development milestones and an IPO or other liquidity event within an agreed timeframe.  The agreed timeframe was subsequently extended several times and, as the conditions were not met by the deadline, Taseko exercised its reversionary right to receive the mineral tenures back from JDS in late 2025.  Taseko is in the process of negotiating and executing a new option agreement with JDS to advance the Harmony Gold Project.

Conference Call and WebcastThe Company will host a telephone conference call and live webcast on Thursday, May 7, 2026, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific) to discuss these results.  After opening remarks by management, there will be a question and answer session open to analysts and investors.  The conference call may be accessed by dialing 800-715-9871 toll free or 646-307-1963, using the access code 3266924. The webcast may be accessed at tasekomines.com/investors/events and will be archived until May 7, 2027 for later playback.

For further information on Taseko, see the Company’s website at tasekomines.com or contact:

Investor enquiries Brian Bergot, Vice President, Investor Relations – 778-373-4554 Stuart McDonald
President and CEO

Non-GAAP Performance Measures

This MD&A includes certain non-GAAP performance measures that do not have a standardized meaning prescribed by IFRS Accounting Standards.  These measures may differ from those used by, and may not be comparable to such measures as reported by, other issuers.  The Company believes that these measures are commonly used by certain investors, in conjunction with conventional IFRS Accounting Standards measures, to enhance their understanding of the Company’s performance.  These measures have been derived from the Company’s financial statements and applied on a consistent basis.  The following tables below provide a reconciliation of these non-GAAP measures to the most directly comparable IFRS Accounting Standards measures.

Gibraltar total operating cost and site operating cost, net of by-product credit

Total operating cost includes all costs absorbed into inventory, as well as transportation costs and insurance recoverable.  Site operating cost is calculated by removing net changes in inventory, depletion and amortization, insurance recoverable, and transportation costs from cost of sales.  Site operating cost, net of by-product credit is calculated by subtracting by-product credits from site operating cost.  Site operating cost, net of by-product credit per pound is calculated by dividing the aggregate of the applicable costs by pounds of copper produced.  Total operating cost per pound is the sum of site operating costs, net of by-product credits and off-property costs divided by pounds of copper produced.  By-product credit is calculated based on actual sales of molybdenum (net of treatment costs), silver and gold during the period divided by the total pounds of copper produced during the period.  These measures are calculated on a consistent basis for the periods presented.

Gibraltar
(Cdn$ in thousands)Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Cost of sales 151,698  146,919  134,664  120,592  122,783 Less:     Depletion and amortization (29,166) (27,207) (27,876) (25,210) (22,425)Changes in inventories of finished goods 19,875  (2,611) 1,425  2,123  (2,710)Changes in inventories of ore stockpiles (1,332) 13,473  16,685  (5,718) (22,747)Changes in inventories of copper in solutions 2,290  -  -  -  - Transportation costs (6,395) (10,989) (7,247) (5,720) (5,984)Site operating costs 136,970  119,585  117,651  86,067  68,917 Less: Florence site operating costs (9,949) -  -  -  - Gibraltar site operating costs 127,021  119,585  117,651  86,067  68,917 Less by-product credits:     Molybdenum, net of treatment costs (27,009) (25,095) (13,903) (4,814) (8,774)Silver, excluding amortization of deferred revenue 2,026  312  (295) (58) (131)Gold (567) (619) (761) (351) (389)Gibraltar site operating costs, net of by-product credits 101,471  94,183  102,692  80,844  59,623 Gibraltar total copper produced (thousand pounds) 29,893  30,712  27,593  19,813  19,959 Total costs per pound produced 3.39  3.07  3.72  4.08  2.99 Average exchange rate for the period (CAD/USD) 1.37  1.39  1.38  1.38  1.44 Site operating costs, net of by-product credits
(US$ per pound) 2.47  2.21  2.70  2.96  2.08 Gibraltar site operating costs, net of by-product credits 101,471  94,183  102,692  80,844  59,623 Add off-property costs:     Treatment and refining costs (premiums) 96  394  (512) (837) (510)Transportation costs 6,395  10,989  7,247  5,720  5,984 Gibraltar total operating costs 107,962  105,566  109,427  85,727  65,097 Gibraltar total operating costs (C1) (US$ per pound)$2.63 $2.47 $2.87 $3.14 $2.26 
Non-GAAP Performance Measures - continued

Gibraltar total site costs

Gibraltar total site costs include site operating costs charged to cost of sales and mining costs capitalized to property, plant and equipment in the period.  This measure is intended to capture total site operating costs incurred at Gibraltar during the period calculated on a consistent basis for the periods presented.

Gibraltar
(Cdn$ in thousands) Q1 2026 Q4 2025  Q3 2025  Q2 2025  Q1 2025 Site operating costs (included in cost of sales) 136,970  119,585  117,651  86,067  68,917 Less: Florence site operating costs (9,949) -  -  -  - Gibraltar site operating costs 127,021  119,585  117,651  86,067  68,917 Gibraltar capitalized stripping costs 15,169  5,986  6,106  30,765  38,082 Total site costs 142,190  125,571  123,757  116,832  106,999 
Adjusted net income (loss) and Adjusted EPS

Adjusted net income (loss) removes the effect of the following transactions from net income (loss) as reported under IFRS Accounting Standards:

Unrealized foreign currency gains and losses;Unrealized gains and losses on derivatives (including any reversals for prior periods);Other operating costs;Call premium on settlement of debt;Loss on settlement of debt, net of capitalized interest;Realized gain on sale of finished goods inventories;Realized gains on processing of ore stockpiles;Accretion on Florence royalty obligation;Accretion on Cariboo consideration payable;Tax effect of sale of non-controlling interest in New Prosperity; andNon-recurring other expenses for Cariboo acquisition. Management believes that these transactions do not reflect the underlying operating performance of the Company’s core mining business and are not necessarily indicative of future operating results.  Furthermore, unrealized gains and losses on derivative instruments, changes in the fair value of financial instruments, and unrealized foreign currency gains and losses are not necessarily reflective of the underlying operating results for the periods presented.

Adjusted earnings per share (“Adjusted EPS”) is Adjusted net income attributable to common shareholders of the Company divided by the weighted average number of common shares outstanding for the period.

Non-GAAP Performance Measures - continued

(Cdn$ in thousands)Q1 2026Q4 2025Q3 2025Q2 2025Net income (loss) 16,844  4,454  (27,838) 21,868 Unrealized foreign exchange loss (gain) 12,171  (9,000) 14,287  (40,335)Unrealized (gain) loss and fair value adjustments on derivatives (9,582) 37,676  14,977  9,489 Accretion on Cariboo consideration payable 1,261  4,048  4,041  4,484 Accretion on Florence royalty obligation 6,294  18,415  6,991  6,201 Tax effect of sale of non-controlling interest in New Prosperity -  -  -  (9,285)Estimated tax effect of adjustments 547  (14,068) (6,874) (5,447)Adjusted net income (loss) 27,535  41,525  5,584  (13,025)Adjusted EPS$0.08 $0.11 $0.02 $(0.04) (Cdn$ in thousands)Q1 2025Q4 2024Q3 2024Q2 2024Net loss (28,560) (21,207) (180) (10,953)Unrealized foreign exchange loss (gain) 2,074  40,462  (7,259) 5,408 Unrealized (gain) loss and fair value adjustments on derivatives 23,536  (25,514) 1,821  10,033 Accretion on Cariboo consideration payable 664  4,543  9,423  8,399 Accretion on Florence royalty obligation 2,571  3,682  3,703  2,132 Other operating costs -  4,132  4,098  10,435 Realized gain on sale of inventory1 -  -  -  3,768 Realized gain on processing of ore stockpiles2 -  1,905  3,266  4,056 Non-recurring other expenses related to Cariboo acquisition -  -  -  394 Call premium on settlement of debt -  -  -  9,571 Loss on settlement of debt, net of capitalized interest -  -  -  2,904 Estimated tax effect of adjustments (7,228) 2,465  (6,644) (15,644)Adjusted net income (loss) (6,943) 10,468  8,228  30,503 Adjusted EPS$(0.02)$0.03 $0.03 $0.10  Realized gain on sale of inventory relates to copper concentrate inventories held at March 25, 2024 that was written-up to fair value as part of the acquisition of control of Gibraltar and subsequently sold.  The realized portion of these gains have been added back to Adjusted net income in the period the inventories were sold.Realized gain on processing of ore stockpiles relates to ore stockpile inventories held at March 25, 2024 that was written-up to fair value as part of the acquisition of control of Gibraltar and subsequently processed.  The realized portion of these gains have been added back to Adjusted net income in the period the inventories were processed. Adjusted EBITDA

Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) is presented as a supplemental measure of the Company’s performance and ability to service debt.  Adjusted EBITDA is frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the industry, many of which present adjusted EBITDA when reporting their results.  Issuers of “high yield” securities also present adjusted EBITDA because investors, analysts and rating agencies considering it useful in measuring the ability of those issuers to meet debt service obligations.

Non-GAAP Performance Measures - continued

Adjusted EBITDA represents net income before interest, income taxes, depreciation and amortization, and also eliminates the impact of a number of transactions that are not considered indicative of ongoing operating performance.  Certain items of expense are added back and certain items of income are deducted from net income that are not likely to recur or are not indicative of the Company’s underlying operating results for the reporting periods presented or for future operating performance and consist of:

Unrealized foreign exchange gains and losses;Unrealized gains and losses on derivative (including any reversals for prior periods);Amortization of share-based compensation expense;Other operating costs;Call premium on settlement of debt;Loss on settlement of debt;Realized gains on sale of finished goods inventories;Realized gains on processing of ore stockpiles; andNon-recurring other expenses for Cariboo acquisition. (Cdn$ in thousands)Q1 2026Q4 2025Q3 2025Q2 2025Net income (loss)16,844 4,454 (27,838)21,868 Depletion and amortization29,166 27,207 27,974 25,210 Finance and accretion expenses20,214 36,925 24,888 23,943 Finance income(1,474)(1,098)(1,368)(124)Income tax expense (recovery)16,657 13,096 2,918 (27,439)Unrealized foreign exchange loss (gain)12,171 (9,000)14,287 (40,335)Unrealized (gain) loss on derivatives and fair value adjustments(9,582)37,676 14,977 9,489 Share-based compensation expense9,467 7,204 6,299 4,820 Adjusted EBITDA93,463 116,464 62,137 17,432  (Cdn$ in thousands)Q1 2025Q4 2024Q3 2024Q2 2024Net loss(28,560)(21,207)(180)(10,953)Depletion and amortization22,425 24,641 20,466 13,721 Finance and accretion expenses18,877 21,473 25,685 21,271 Finance income(1,330)(1,674)(1,504)(911)Income tax expense (recovery)(7,980)11,707 (200)(3,247)Unrealized foreign exchange loss (gain)2,074 40,462 (7,259)5,408 Unrealized (gain) loss on derivatives23,536 (25,514)1,821 10,033 Share based compensation expense (recovery)5,349 (323)1,496 2,585 Other operating costs- 4,132 4,098 10,435 Call premium on settlement of debt- - - 9,571 Loss on settlement of debt- - - 4,646 Realized gain on sale of inventory2- - - 3,768 Realized gain on processing of ore stockpiles3- 1,905 3,266 4,056 Non-recurring other expenses for Cariboo acquisition- - - 394 Adjusted EBITDA34,391 55,602 47,689 70,777 
Non-GAAP Performance Measures - continued

Earnings from mining operations before depletion, amortization and non-recurring items

Earnings from mining operations before depletion, amortization and non-recurring items is earnings from mining operations with depletion and amortization, and any items that are not considered indicative of ongoing operating performance added back.  The Company discloses this measure, which has been derived from the Company’s financial statements and applied on a consistent basis, to assist in understanding the results of the Company’s operations and financial position, and it is meant to provide further information about the financial results to investors.

 Three months ended
March 31,(Cdn$ in thousands)20262025Earnings from mining operations84,44316,366Add:  Depletion and amortization29,16622,425Other operating costs952-Earnings from mining operations before depletion, amortization and non-recurring items114,56138,791
Gibraltar site operating costs per ton milled

The Company discloses this measure, which has been derived from the Company’s financial statements and applied on a consistent basis, to assist in understanding the Company’s Gibraltar site operations on a tons milled basis.

Gibraltar
(Cdn$ in thousands)Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Site operating costs (included in cost of sales) 136,970  119,585 117,651 86,067 68,917Less: Florence site operating costs (9,949) - - - -Gibraltar site operating costs 127,021  119,585 117,651 86,067 68,917Gibraltar tons milled (thousand tons) 7,000  7,200 7,852 7,663 7,898Site operating costs per ton milled$18.15 $16.61$14.98$11.23$8.73
Technical Information

The technical information contained in this MD&A related to Florence Copper is based on the report titled “NI 43-101 Technical Report - Florence Copper Project, Pinal County, Arizona” issued on March 30, 2023 with an effective date of March 15, 2023 (the “Florence 2023 Technical Report”), which is available on SEDAR+.  The Florence 2023 Technical Report was prepared under the supervision of Richard Tremblay, P. Eng., MBA, Richard Weymark, P. Eng., MBA, and Robert Rotzinger, P. Eng.  Mr. Tremblay is employed by the Company as Chief Operating Officer, Mr. Weymark is employed by the Company as Vice President, Engineering, and Mr. Rotzinger is employed by the Company as Vice President, Capital Projects.  All three are Qualified Persons as defined by NI 43-101.

The technical information contained in this MD&A related to Yellowhead is based on the report titled “Technical Report Update on the Yellowhead Copper Project, British Columbia, Canada” issued on July 10, 2025 with an effective date of June 15, 2025 (the “Yellowhead 2025 Technical Report”), which is available on SEDAR+.  The Yellowhead 2025 Technical Report was prepared under the supervision of Richard Weymark, P. Eng., MBA, Jeremy Guichon, P. Eng., and Adil Cheema, P. Eng.  Mr. Weymark is employed by the Company as Vice President, Engineering, Mr. Guichon is employed by the Company as Director, Mine Engineering, and Mr. Cheema is employed by the Company as Director, Process Engineering.  All three are Qualified Persons as defined by NI 43-101.

No regulatory authority has approved or disapproved of the information contained in this news release

Caution Regarding Forward-Looking Information

This document contains “forward-looking statements” that were based on Taseko’s expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “outlook”, “anticipate”, “project”, “target”, “believe”, “estimate”, “expect”, “intend”, “should” and similar expressions. 

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These included but are not limited to:

uncertainties about the future market price of copper and the other metals that we produce or may seek to produce;changes in general economic conditions, the financial markets and in the market price for our input costs including due to inflationary impacts, such as diesel fuel, acid, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly with respect to the value of the U.S. dollar and Canadian dollar, and the continued availability of capital and financing; inherent risks associated with mining operations, including our current mining operations at Gibraltar and Florence Copper, and their potential impact on our ability to achieve our production estimates; our high level of indebtedness and its potential impact on our financial condition and the requirement to generate cash flow to service our indebtedness and refinance such indebtedness from time to time; any increases in interest rates may increase our borrowing costs and impact the profitability of our operations; the amounts we are required to pay for our acquisition of Cariboo will increase with higher copper prices; the risk of inadequate insurance or inability to obtain insurance to cover our business risks; uncertainties related to the accuracy of our estimates of Mineral Reserves (as defined below), Mineral Resources (as defined below), production rates and timing of production, future production and future cash and total costs of production and milling; the risk that we may not be able to expand or replace Mineral Reserves as our existing Mineral Reserves are mined; the risk that the ramp-up of the Florence Copper commercial production facility does not proceed within projected timelines or cost estimates, or that initial operations do not achieve results consistent with the projections in the Florence Copper Technical Report, including with respect to operating costs, revenue, sustaining capital, rates of return and cash flows from operations; our ability to comply with all conditions imposed under the APP and UIC permits for the operation of Florence Copper; the availability of, and uncertainties relating to, any additional financing necessary for the continued ramp-up and commercial operation of Florence Copper, including with respect to our ability to obtain any additional financing, if needed, to continue and expand commercial operations at Florence Copper; shortages of water supply, critical spare parts, acid, diesel, maintenance service and new equipment and machinery or our ability to manage surplus water on our mine sites may materially and adversely affect our operations and development projects; our ability to comply with the extensive governmental regulation to which our business is subject; uncertainties related to our ability to obtain necessary title, licenses and permits for our development projects and project delays due to third party opposition; uncertainties related to Indigenous people’s claims and rights, and legislation and government policies regarding the same; our reliance on the availability of infrastructure necessary for development and on operations, including on rail transportation and port terminals for shipping of our copper concentrate production from Gibraltar, and rail transportation and power for the feasibility of our other British Columbia development projects; uncertainties related to unexpected judicial or regulatory proceedings; changes in, and the effects of, the laws, regulations and government policies affecting our exploration and development activities and mining operations; potential changes to the mineral tenure system in British Columbia, which is undergoing reform including for compliance with the British Columbia Declaration on the Rights of Indigenous Peoples Act (“DRIPA”); our dependence solely on our 100% interest in Gibraltar and in due course, Florence Copper for our revenues and our operating cash flows; our ability to extend existing concentrate off-take agreements and cathode purchase agreements or enter into new agreements; environmental issues and liabilities associated with mining including processing and stockpiling ore; labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate mines, industrial accidents, equipment failure or other events or occurrences, including third party interference that interrupt the production of minerals in our mines; environmental hazards and risks associated with climate change, including the potential for damage to infrastructure and stoppages of operations due to extreme cold, extreme heat, forest fires, flooding, drought, earthquakes or other natural events in the vicinity of our operations; litigation risks and the inherent uncertainty of litigation; our actual costs of reclamation and mine closure may exceed our current estimates of these liabilities; our ability to renegotiate our existing union agreement for Gibraltar when it expires in May 2027; the capital intensive nature of our business both to sustain current mining operations and to develop any new projects; our ability to develop new mining projects in British Columbia may be impacted by joint decision-making and consent agreements being implemented by the Government of British Columbia with First Nations under DRIPA; The ability to develop the New Prosperity Project is subject to the restrictions set out in our June 2025 Tripartite Agreement with the Province of British Columbia and the Tŝilhqot’in Nation (the “Teẑtan Biny Agreement”), under which the New Prosperity Project is subject to a land use planning process with the Province of British Columbia and we are not permitted to be the proponent of any development of the New Prosperity Project; our reliance upon key personnel; the competitive environment in which we operate; the effects of forward selling instruments to protect against fluctuations in copper prices and other input costs including diesel and acid; the risk of changes in accounting policies and methods we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates; uncertainties relating to the war in Ukraine, the escalating military conflict involving Iran and broader Middle East instability, and other future geopolitical events including social unrest, which could disrupt financial markets, commodity markets, supply chains, the price and availability of energy, availability of materials and equipment and execution timelines for any project development; uncertainties relating to the delivery of oil through the Strait of Hormuz resulting from Middle East instability, which could have an adverse effect on global economic activity and potentially increase operating costs generally and reduce global demand for copper, and have a material adverse effect on our business, operations, and the feasibility of our development projects; changes to U.S. trade policies and tariff measures, including retaliatory tariffs imposed or threatened by Canada and other trading partners, may adversely impact overall economic conditions, copper markets, supply chains, metal prices and input costs; and other risks detailed from time-to-time in our annual information forms, annual reports, MD&A, quarterly reports and material change reports filed with and furnished to securities regulators, and those risks which are discussed under the heading “Risk Factors”. For further information on Taseko, investors should review the Company’s annual report on Form 40-F filed with the United States Securities and Exchange Commission and available at www.sec.gov and home jurisdiction filings that are available at www.sedarplus.ca.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/1337acab-c25e-4bd8-b99c-1a6d6a7f69c8

https://www.globenewswire.com/NewsRoom/AttachmentNg/d41a337d-01fc-45c9-a51c-e242ef658aef

For the quarter ended March 2026, TKO Group Holdings (TKO - Free Report) reported revenue of $1.6 billion, up 25.9% over the same period last year. EPS came in at $1.12, compared to $0.69 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.59 billion, representing a surprise of +0.73%. The company delivered an EPS surprise of +23.42%, with the consensus EPS estimate being $0.91.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how TKO Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Revenue- WWE: $475.7 million versus $466.72 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +21.5% change.Net Revenue- IMG- Consumer products licensing and other: $6 million versus $4.19 million estimated by four analysts on average.Net Revenue- IMG- Partnerships and marketing: $21.5 million versus $25.05 million estimated by four analysts on average.Net Revenue- IMG- Live events and hospitality: $467.7 million versus the four-analyst average estimate of $455.82 million.Net Revenue- IMG- Media rights, production and content: $160.2 million versus $168.79 million estimated by four analysts on average.Net revenues- Corporate & Other: $73.9 million compared to the $69.99 million average estimate based on four analysts.Net Revenue- UFC: $401.2 million compared to the $399.31 million average estimate based on four analysts. The reported number represents a change of +11.5% year over year.Net Revenue- UFC- Media rights, production and content: $275.3 million compared to the $274.34 million average estimate based on four analysts. The reported number represents a change of +22.9% year over year.Net Revenue- UFC- Live events and hospitality: $48.5 million versus the four-analyst average estimate of $45.53 million. The reported number represents a year-over-year change of -17.2%.Net Revenue- UFC- Partnerships and marketing: $67.1 million compared to the $66.81 million average estimate based on four analysts.Net Revenue- UFC- Consumer products licensing and other: $10.3 million versus the four-analyst average estimate of $12.58 million. The reported number represents a year-over-year change of -18.9%.Net Revenue- WWE- Media rights, production and content: $281.7 million versus the four-analyst average estimate of $268.55 million. The reported number represents a year-over-year change of +12%.View all Key Company Metrics for TKO Group here>>>

Shares of TKO Group have returned -3.1% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Taseko Mines Limited (TKO:CA) Q1 2026 Earnings Call Transcript

"The Rock is everything and more," TKO President Mark Shapiro.

UFC®, the world’s premier mixed martial arts organization, together with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), announces its highly anticipated return to the region with UFC® FIGHT NIGHT ABU DHABI on Saturday, 25th July 2026, live from Etihad Arena on Yas Island.

UFC® FIGHT NIGHT ABU DHABI tickets will go on sale soon. Fans are encouraged to register their interest early for the best chance to secure tickets via VisitAbuDhabi.ae, where exclusive hotel and ticket packages for traveling fans will also be available.

Full details on the fight card will be revealed in the coming weeks. With a reputation for delivering standout matchups and an atmosphere unlike anywhere else, Abu Dhabi is once again gearing up for an unmissable night inside the Octagon®.

This latest Fight Night event continues UFC and Abu Dhabi’s longstanding partnership dating back to 2010. In recent years, the emirate hosted the global sporting phenomena that was Fight Island during the COVID-19 pandemic and has since cemented its place as one of UFC's most electrifying destinations. Last year, UFC® FIGHT NIGHT: WHITTAKER vs. DE RIDDER in July packed out Etihad Arena with a thrilling middleweight clash, while UFC® 321: ASPINALL vs. GANE in October brought a clash of heavyweight contenders during Abu Dhabi Showdown Week.

Through its collaboration with DCT Abu Dhabi, UFC continues to expand its global network of government and private partnerships, bringing marquee live events to communities worldwide, growing its fanbase and delivering economic and cultural impact.

For further information on UFC® FIGHT NIGHT ABU DHABI and the latest updates, please visit VisitAbuDhabi.ae.

About UFC®

UFC® is the world's premier mixed martial arts organization (MMA), with more than 700 million fans and approximately 363 million social media followers. The organization produces more than 40 live events annually in some of the most prestigious arenas around the world while distributing programming to an estimated 1 billion broadcast and digital households across 210 countries and territories. UFC's athlete roster features the world's best MMA athletes representing more than 75 countries. The organization's digital offerings include UFC FIGHT PASS®, one of the world's leading streaming services for combat sports. UFC is part of TKO Group Holdings (NYSE: TKO) and is headquartered in Las Vegas, Nevada. For more information, visit UFC.com and follow UFC at Facebook.com/UFC and @UFC on X, Snapchat, Instagram, and TikTok: @UFC.

About the Department of Culture and Tourism – Abu Dhabi:

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) drives the sustainable growth of Abu Dhabi’s culture and tourism sectors, fuels economic progress and helps achieve Abu Dhabi’s wider global ambitions. By working in partnership with the organisations that define the emirate’s position as a leading international destination, DCT Abu Dhabi strives to unite the ecosystem around a shared vision of the emirate’s potential, coordinate effort and investment, deliver innovative solutions, and use the best tools, policies and systems to support the culture and tourism industries.

DCT Abu Dhabi’s vision is defined by the emirate’s people, heritage and landscape. We work to enhance Abu Dhabi’s status as a place of authenticity, innovation, and unparalleled experiences, represented by its living traditions of hospitality, pioneering initiatives and creative thought.

For more information about DCT Abu Dhabi and the destination, please visit tcaabudhabi.ae and visitabudhabi.ae. For Abu Dhabi Calendar, please visit inabudhabi.ae.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260518491896/en/

TKO Group Holdings, Inc. (TKO) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

In between the thrill of the bouts on fight night, you may notice a new partner listed on the canvas of a UFC octagon: FRE Nicotine Pouches. 

In a first-of-its-kind collaboration, FRE became the "official nicotine pouch partner" of UFC and the rest of TKO Group Holdings, Inc. (TKO) affiliated properties, including Zuffa Boxing, PBR (Professional Bull Riding), and UFC BJJ, as well as IMG-owned World’s Strongest Man and Formula Drift. 

FRE has been quietly building a sports portfolio that reaches those performance-obsessed audiences across the country, but the announcement of the partnership with TKO last month was a landmark title sponsorship. 

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TKO Group Holdings, Inc. and FRE Pouches, a consumer product from Turning Point Brands, partnered to become UFC's "official nicotine pouch." (FRE Nicotine Pouches / Fox News)

UFC became the first major U.S. sports property to have an "official nicotine pouch" partner, making this a deal that changes the landscape of a category that will have an estimated $50 billion market by 2033. 

Summer Frein, chief revenue officer at Turning Point Brands, the branded consumer products company that markets and distributes products, including alternative smoking accessories, spoke with Fox Business about how FRE wanted to get into sports. And TKO’s properties, especially UFC, made too much sense.  

"Obviously, first and foremost, we wanted to pick something that aligns with our brand, and our tagline is ‘Own Your Edge.’ When you think about people who own their edge, sports immediately come to mind. And when you think about TKO — I said this to someone last week — where the hell do you own your edge more than knocking someone out in an octagon," Frein said in a recent interview. 

UFC, BUD LIGHT TEAM UP TO MAKE ALREADY HIGHLY ANTICIPATED SUMMER OF FIGHTS THAT MUCH BETTER: ‘A FAN DELIGHT’

"The consumers who are at the events overlap with our consumer base very directly, both from an adult nicotine consumer perspective, but just the characteristics of them. What they believe in, what they embody (has) a lot of overlap with us as well in terms of being competitive, performance-driven and that sort of thing."

The UFC has an audience that is over 90% adults, 21 years or older, making it an ideal platform for responsible marketing of adult consumer products like nicotine pouches. But, from an athlete's perspective, research into how nicotine could enhance sports performance has been abundant. 

Smokeless tobacco has been widely used by athletes to enhance performance, with nicotine serving as a central nervous system stimulant among other anatomic effects. And while nicotine had a bad reputation due to its correlation with tobacco-based products like cigarettes, the stimulant wasn’t the cause of toxic health consequences. Of course, it remains an addictive chemical.

The growth of the global nicotine pouch market reached roughly $4.3 billion in 2025, and it’s only going to surge from there. FRE has moved fast to establish itself before it fully matures, and a deal like this with TKO proves that. 

FRE Nicotine Pouches became the "official nicotine pouch" of different TKO Group Holdings, Inc. properties, including UFC and Zuffa Boxing. (FRE Nicotine Pouches / Fox News)

"We started off with PBR last year. We rolled into some NASCAR and ARCA Series racing, and all of those foundational elements gave us the confidence that we were heading in the right direction. Sports made a lot of sense for us," Frein added. 

"I think [TKO was] also looking for partners and consumers that had overlap, so we were building upon each other there. The consumers expect that. You have seen UFC consumers and fans at events. They ride for that brand. So, if they partner with brands that don’t make sense, I don’t think those fans will be quiet about that. I think our brand made a lot of sense for that reason, too."

Frein pointed out how FRE sets itself apart for its consumers with its variety of flavors, and, more importantly, nicotine strengths. FRE pouches go from three milligrams up to 15, a strength not many competitors have in their product. No matter where a consumer may be on a nicotine pouch journey, FRE prides itself on that variety to help provide consumers with how they wish to have the product. 

"Consumers told us they use nicotine and use these pouches, in particular, in their life for a variety of reasons. One is to transition off of products they don’t want to use anymore, different nicotine products they don’t want to use anymore. They feel like this is a better option for them – more discreet, less judgment, that sort of thing. Then, we hear them say what you’re saying. They use it for moments of their day that they find to be helpful to them," Frein explained. 

FRE has also listened to its customers when it comes to the pouch itself. The pouches feature a pre-primed moisture technology pouch that Frein says consumers "prefer." Their variety also goes into the pouch count, offering 20-count tins or 100-count "Mega Packs."

And as Frein mentioned, FRE’s push into sports goes beyond its work with TKO. It recently partnered with 23XI Racing, Michael Jordan’s auto racing company, and driver Riley Herbst for select NASCAR Cup Series races. It also signed as the "official nicotine sponsor" for Taylor Reimer Racing across four ARCA Menards Series events in 2026. 

FRE Nicotine Pouches branding on a 23XI Racing NASCAR vehicle for the NASCAR Cup Series. (FRE Nicotine Pouches / Fox News)

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As tobacco-less nicotine products have been reframed from a legacy habit to a deliberate, performance-based choice, FRE has made a calculated bet on sports, and partnering with TKO makes the future exciting from a business perspective.  

"I think what the partnership with TKO and NASCAR and Taylor Reimer in the ARCA Series has done for us is open people’s minds," Frein said. 

"Open doors, given us credibility as a brand and as an industry that we can make it work. We’re going to have a seat at the table. We’re going to market effectively and responsibly, frankly. So, I imagine that, just given the prior piece of the conversations around athletes and them thinking differently and having this a part of their lives, it will open doors to other avenues."

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