Taseko Mines (TGB) said Monday it expects the new tariffs imposed by the US and Canadian governments to have no material impact on construction costs at its Florence Copper Project in Arizona or operating cost for Gibraltar Mine in British Columbia.

The company also said US tariffs will not affect sales of Gibraltar Mine, which focuses on Asian markets and has offtake contracts through the end of 2026. No changes to these sales channels are expected during this period, the company added.

Taseko said construction procurement activities at its Florence project have been completed and the mine is on track to produce its first copper in Q4 for the US domestic market.