Sell Taseko Mines (TGB, TKO.TO)

- excerpt from Portfolio Update, 12 Oct 2025

Republished from the subscriber portfolio update from 12th October 2025. Full update is available exclusively for subscribers.

Copper miner Taseko Mines is now my third biggest position with an unrealized gain of 118.3%. Taseko is expected to announce first cathode production from its Florence Copper ISR project in Arizona by year end, i.e. within the current quarter. The last update on Florence Copper was in August, and that covered activities undertaken until the end of June. As I wrote in my Initiation Report, Excelsior Mining tried ISR mining for copper in Arizona before and failed spectacularly. Is Taseko’s radio silence an indication that things are not going according to plan?

As of June end, the overall project was 90% complete. If the company had good news to share, they would have shared it already. In a normal market environment, I wouldn’t be too worried.

But the stock has gone parabolic, and I’d rather err on the side of caution and take profits than watch my gains slip away. There’s a difference between riding a trend and becoming complacent over unrealised gains. The market is flashing a warning signal. Taseko’s lack of news flow is flashing a caution signal. The price action in the stock is ignoring both signals.

If I cut now and Taseko goes up another 20%, I won’t lose any sleep over my decision. If I don’t cut and the company reports bad news at Florence Copper, I’ll kick myself for being complacent.

There is always regret when it comes to selling big winners, but in this case, I know I will feel more regret if I don’t sell and something goes wrong. As we’ve witnessed with Freeport recently, in mining, a lot can go wrong very quickly. Best to get out while the going is good.

Sell Taseko Mines (TGB, TKO.TO) for a ~118% gain.

Good Trading!

Kashyap Srriam

hello@kashyapsriram.com