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North American copper producer operating the Gibraltar mine in British Columbia and developing the Florence Copper in-situ recovery project in Arizona (formerly Taseko Mines).
North American copper producer operating the Gibraltar mine in British Columbia and developing the Florence Copper in-situ recovery project in Arizona (formerly Taseko Mines).
Gibraltar sells copper concentrate, with molybdenum as a by-product, to smelters mostly in Asia at prices linked to the copper benchmark less smelter charges; the company owns three-quarters of it, with Japanese partners holding the rest. Florence recovers copper in liquid form from underground and makes finished cathode that needs no smelter.
In one line: A mid-cap North American copper miner.
Moat: narrow (installed base, IP / patents). Long-life Gibraltar mine and proprietary low-cost in-situ recovery technology at Florence differentiate it from conventional open-pit peers.
Headquarters: Vancouver, Canada · Founded: 1966 · Employees: 963
Size Trekor Metals (TKO.TO) is a Canada Materials company (Other Metals/Minerals) with a market value of $2.57B, the 169th largest of 420 Canada companies the cockpit tracks. Shares closed at C$9.85 on 6 Nov 2026.
Performance Over six months the shares fell 0.5%, against -27.3% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 68.3% over the last twelve months (peer median +31.0%); the operating margin is 28.3% (peer median 12.3%).
Valuation It trades at 9.8× forward earnings against a peer median of 19.8× (5th cheapest of 18).
Capital Return on invested capital runs 0.1 points above its cost of capital (11.9% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$975M | C$673M | C$605M | C$525M | C$393M |
| Revenue growth | — | +11% | +15% | +34% | — |
| Gross profit | C$319M | C$141M | C$108M | C$147M | C$54.6M |
| EBITDA | C$403M | C$210M | C$163M | C$186M | C$91.1M |
| Net income | C$15.7M | -C$30.1M | -C$13.4M | C$82.7M | -C$26.0M |
| Free cash flow | -C$7.69M | -C$282M | -C$156M | -C$69.7M | -C$140M |
| Capital expenditure | C$354M | C$428M | C$318M | C$173M | C$182M |
| Total debt | C$1.01B | C$861M | C$797M | C$638M | C$587M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Trekor Metals TKO.TO | $2.57B | -1% | +68% | 28% | 9.8× | n/a |
| Lundin Mining LUN.TO | $18.1B | -18% | +29% | 36% | 14.1× | 15.2% |
| Hudbay Minerals HBM.TO | $9.35B | -10% | +13% | 32% | 12.0× | 18.1% |
| Ero Copper ERO.TO | $3.03B | +10% | +106% | 40% | 5.9× | 0.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TKO.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.9% | -20.1% | 10th highest of 21 |
| 6-month return | -0.5% | -27.3% | 2nd highest of 20 |
| Distance from 52-week high | -27.6% | -51.9% | 2nd highest of 21 |
| Revenue growth (TTM) | +68.3% | +31.0% | 4th highest of 21 |
| Operating margin | 28.3% | 12.3% | 4th highest of 21 |
| Forward P/E | 9.8× | 19.8× | 5th cheapest of 18 |
| ROIC minus cost of capital | +0.1 pp | -1.5 pp | 9th highest of 20 |
| EV / EBITDA | 11.0× | 27.0× | 4th cheapest of 9 |
| Net debt / EBITDA | 2.0× | -1.8× | most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Trekor Metals TKO.TO | Canada | $2.57B | -1% | +68% | 28% | 9.8× | n/a | n/a |
| Changyu 603407.SS | China | $2.59B | n/a | +9% | 16% | n/a | 51.8% | +2.2% |
| IGO IGO.AX | Australia | $2.60B | -45% | -12% | -31% | 8.9× | 17.2% | -6.5% |
| Jinhui Mining 603132.SS | China | $2.53B | -11% | +38% | 51% | n/a | n/a | n/a |
| Sanxiang Advanced Materials 603663.SS | China | $2.65B | -10% | +5% | 18% | 44.4× | 48.1% | +9.7% |
| Shengda Resources 000603.SZ | China | $2.75B | -27% | +25% | 47% | 15.8× | 12.8% | +8.5% |
| Western Metal Materials 002149.SZ | China | $2.76B | -41% | +3% | 0% | 139.8× | 54.3% | +9.7% |
| Dowa 5714.T | Japan | $2.78B | -22% | +29% | 6% | 6.9× | n/a | n/a |
| Chengxin Lithium 002240.SZ | China | $2.79B | -66% | +226% | 20% | 11.3× | n/a | n/a |
| Ningbo Jintian Copper (Group) 601609.SS | China | $2.36B | -11% | +25% | 1% | 15.3× | n/a | n/a |
| Almonty Industries ALM | United States | $2.34B | -59% | +208% | 5% | 12.3× | n/a | n/a |
| Paladin Energy PDN.AX | Australia | $2.32B | -33% | +64% | 4% | 50.9× | n/a | n/a |
| Zhuzhou Smelter 600961.SS | China | $2.85B | -33% | +23% | 12% | 6.7× | -1.6% | +8.5% |
| Ningbo Boway Alloy Material 601137.SS | China | $2.26B | -6% | +31% | 0% | 19.8× | n/a | n/a |
| Co-tech Development 8358.TWO | Taiwan | $2.24B | -30% | +31% | 23% | 19.9× | n/a | n/a |
| North Copper 000737.SZ | China | $2.97B | -28% | +54% | 9% | n/a | -3.9% | +26.8% |
| Ero Copper ERO.TO | Canada | $3.03B | +10% | +106% | 40% | 5.9× | 0.4% | +20.4% |
| Altius Minerals ALS.TO | Canada | $2.16B | -2% | +68% | 17% | 47.6× | 57.7% | -4.5% |
| 5N Plus VNP.TO | Canada | $2.15B | -10% | +32% | 18% | 28.8× | n/a | n/a |
| Ningxia Orient Tantalum Industry 000962.SZ | China | $3.08B | -11% | +43% | 12% | 54.0× | n/a | n/a |
| Centrus Energy LEU | United States | $2.14B | -50% | +8% | 2% | 34.5× | n/a | n/a |