Trekor Metals Limited is a mining company that acquires and develops mineral properties, primarily exploring for copper, molybdenum, gold, niobium, and silver. Its main assets include the Gibraltar mine in British Columbia and the Florence Copper project in Arizona.
Sector: Copper mining
Geography: Canada (British Columbia)
COMM_TGB
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/TGB
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | OK | 240.8 y/y 189.8% | 75.9 y/y — | 28.7 y/y 57.4% | 104.6 y/y 870.0% | 16.2 y/y 3.4% | 133.6 | -85.1 | 1946.8 y/y 20.2% | 623.6 y/y 55.6% | 10.6% | 400.2 | Yahoo Finance |
| 2026-03-31 | Q1 2026 (3M) | OK | 172.7 y/y 73.4% | 50.8 y/y 1054.9% | 21.3 y/y 32.8% | 72.1 y/y 252.7% | 12.3 y/y — | 68.4 | -27.3 | 1873.5 y/y 17.9% | 595.8 y/y 63.8% | 8.5% | 407.1 | Yahoo Finance |
| 2025-12-31 | Q4 2025 (3M) | OK | 174.4 y/y — | 60.2 y/y — | 19.6 y/y — | 79.8 y/y — | 3.2 y/y — | 72.4 | -21.0 | 1769.4 y/y — | 557.2 y/y — | 2.7% | 381.8 | Yahoo Finance |
| 2025-09-30 | Q3 2025 (3M) | OK | 124.5 y/y 9.1% | 20.2 y/y 25.4% | 20.0 y/y 34.5% | 40.2 y/y 29.8% | -19.9 y/y -3118.5% | 26.1 | -15.7 | 1665.9 y/y 9.9% | 391.8 y/y 9.9% | -6.7% | 538.8 | Yahoo Finance |
| 2025-06-30 | Q2 2025 (3M) | OK | 83.1 y/y -17.5% | -7.4 y/y -119.9% | 18.2 y/y 89.0% | 10.8 y/y -77.0% | 15.7 y/y 114.1% | 18.6 | -33.5 | 1619.3 y/y 12.2% | 400.7 y/y 19.0% | 16.4% | 488.8 | Yahoo Finance |
| 2025-03-31 | Q1 2025 (3M) | OK | 99.6 y/y -8.7% | 4.4 y/y -71.3% | 16.0 y/y 43.1% | 20.4 y/y -22.9% | -20.4 y/y — | 40.0 | -37.0 | 1589.5 y/y 17.2% | 363.6 y/y 5.8% | -22.4% | 465.9 | Yahoo Finance |
| 2024-12-31 | Q4 2024 (3M) | OK | 119.9 y/y 6.2% | 1.3 y/y -96.8% | 17.9 y/y 87.3% | 19.2 y/y -61.0% | -9.3 y/y -118.9% | 52.4 | -82.0 | 1602.6 y/y 36.5% | 367.4 y/y 14.2% | -2.7% | 57.9 | Yahoo Finance |
| 2024-09-30 | Q3 2024 (3M) | OK | 114.1 y/y 6.4% | 16.1 y/y -56.8% | 14.9 y/y 21.2% | 31.0 y/y -37.5% | 0.7 y/y 2.6% | 47.7 | -57.4 | 1515.6 y/y 40.1% | 356.4 y/y 28.2% | 0.3% | 5.8 | stockanalysis.com |
| 2024-06-30 | Q2 2024 (3M) | OK | 100.7 y/y 20.8% | 37.3 y/y 1303.7% | 9.6 y/y -17.1% | 46.9 y/y 228.4% | 7.3 y/y -1.0% | 25.4 | -52.9 | 1443.4 y/y 34.8% | 336.9 y/y 22.7% | 8.6% | 10.1 | stockanalysis.com |
| 2024-03-31 | Q1 2024 (3M) | OK | 109.0 y/y — | 15.3 y/y — | 11.2 y/y — | 26.5 y/y — | -5.7 y/y — | 44.2 | -39.3 | 1356.3 y/y — | 343.6 y/y — | -6.9% | ≈ 57.2 | stockanalysis.com |
| 2023-12-31 | Q4 2023 (3M) | PARTIAL | 112.9 y/y — | 39.6 y/y — | 9.6 y/y — | 49.1 y/y — | 49.2 y/y — | 46.2 | -43.4 | 1174.0 y/y — | 321.7 y/y — | 20.4% | 57.2 | Yahoo Finance |
| 2023-09-30 | Q3 2023 (3M) | OK | 107.3 y/y — | 37.3 y/y — | 12.3 y/y — | 49.6 y/y — | 0.6 y/y — | 20.1 | -24.4 | 1081.9 y/y — | 278.0 y/y — | 0.3% | 67.5 | stockanalysis.com |
| 2023-06-30 | Q2 2023 (3M) | OK | 83.3 y/y — | 2.7 y/y — | 11.6 y/y — | 14.3 y/y — | 7.4 y/y — | 24.8 | -34.6 | 1071.1 y/y — | 274.5 y/y — | — | — | stockanalysis.com |
| Short-term debt (incl. ST leases) | 10 |
| Long-term debt (incl. LT leases) | 525 |
| − Cash & equivalents | 135 |
| Net debt | 400 |
|---|
Net debt / LTM EBITDA: 1.3x
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
| year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| cash flow / profit | — | 4.79x | — | 1.83x | — |
| accruals, % of assets | -14.2% | -11.7% | -8.4% | -4.3% | -11.2% |
Our earnings breakdowns and investment notes on this issuer.
Current 14 486spot vs LTM +18%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: +11.5% ▲ +4.0 pp 1d
Main driver: Copper +19% vs LTM; revenue ×1.18 vs costs ×1.04; EBITDA 282→297; at 12.0× EV/EBITDA → +12%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Copper (rev) | +96% | 14 508.71 | 12 225.59 | 11 069.05 | +19% | -9% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 712 |
| LTM EBITDA | 282 |
| LTM cash costs (revenue − EBITDA) | 430 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.179 (+18%) |
| = Spot revenue | 840 |
| Revenue multiplier — 3y price | ×0.909 (-9%) |
| = 3-year-price revenue | 648 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 447 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 447 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 393 |
| = 3-year-price EBITDA | 200 |
| Conservative EBITDA = min(spot, avg) | 297 |
| 5 · Valuation → target market cap | |
| Historical EV/projected-EBITDA (75th pct) | 12.0x |
| Target EV = EV/EBITDA × conservative EBITDA | 3 559 |
| Net debt | 400 |
| Target market cap = EV − net debt | 3 202 |
| Current market cap | 2 871 |
Upside = target market cap ÷ current − 1 = +11.5%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2024 Q2 | 101 | 122 | -17.4% | 47 | 52 | -9.5% |
| 2024 Q3 | 114 | 115 | -1.2% | 31 | 49 | -37.2% |
| 2024 Q4 | 120 | 114 | +5.1% | 19 | 42 | -53.8% |
| 2025 Q1 | 100 | 120 | -16.9% | 20 | 38 | -46.0% |
| 2025 Q2 | 83 | 117 | -28.9% | 11 | 36 | -69.7% |
| 2025 Q3 | 124 | 113 | +10.0% | 40 | 27 | +47.6% |
| 2025 Q4 | 174 | 120 | +45.8% | 80 | 33 | +138.6% |
| 2026 Q1 | 173 | 143 | +21.1% | 58 | 58 | -0.4% |
| 2026 Q2 | 241 | 165 | +46.2% | 105 | 71 | +47.5% |
Projected EV/EBITDA 8.3x · target 75th pct (3y) 19.0x · LTM avg 19.7x
Group: Copper mining. Each peer is shown as it trades and re-priced onto this company's market (global) by the ratio of our coverage medians.
| Company | Market | Cap, $bn | EV/EBITDA | EV/EBITDA, adjusted |
|---|---|---|---|---|
| Sandfire Resources | Australia | 7.1 | 8.0x | 8.1x |
| Hudbay Minerals | global | 10.0 | 8.6x | 8.6x |
| Ero Copper | global | 3.4 | 9.2x | 9.2x |
| Freeport-McMoRan | global | 99.2 | 11.6x | 11.6x |
| Southern Copper | global | 161.8 | 16.3x | 16.3x |
| Group median | 9.2x | 9.2x | ||
| Group average | 10.7x | 10.8x | ||
| This company | global | 2.9 | 11.4x | 11.4x |
Group median 9.2x as traded, 9.2x adjusted; this company 11.4x — a 24% premium.
Group average 10.7x as traded, 10.8x adjusted; against the average this company is at a 6% premium.
At the adjusted group median the market cap would be -20% versus today.
The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 23.2x, Russia 3.8x, South Africa 5.3x, Kazakhstan 5.0x, India 18.3x, Indonesia 4.2x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-09-17; the company's own is live.
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Taseko Mines (TGB) — from primary filings.
See also: The Cheapest Metals & Mining Stocks (2026): Copper, Steel, Silver by Valuation · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map