Vancouver, Feb 3, 2026, 11:54 PST — Regular session
- Taseko Mines shares surged in U.S. trading as metals rebounded and miners led broader gains.
- Copper’s snapback kept spotlights on copper-linked names after recent whipsaw moves.
- Fresh insider transaction disclosures in London flagged option exercises and share sales by executives and a director.
Taseko Mines Limited shares jumped about 13% on Tuesday, lifting the copper miner toward the top of the gainers list in NYSE American trading. The stock was last up 12.7% at $8.69, with about 10.4 million shares traded.
The move came as mining shares paced gains on Canada’s main stock index, with the materials sector up about 4% as gold and silver rebounded and copper turned higher on reports China plans to add to its copper stockpiles. “Relative to late last week, we’ll probably see more stability this week. But we may not be out of the woods yet,” Brian Madden, chief investment officer at First Avenue Investment Counsel, said. Reuters
Metals markets have been erratic since last week, after a two-day slide in precious metals was blamed in part on the nomination of Kevin Warsh as the next Federal Reserve chair and higher margin requirements at CME Group. “The declines were likely a corrective phase within a broader bullish trend,” Peter Grant of Zaner Metals said. Reuters
Copper futures were up nearly 4% on the day at around $6.06 a pound, adding fuel to copper-linked equities. For miners, even small swings in copper can quickly flow through to revenue expectations. Investing.com
Separately, the company disclosed fresh insider dealing in London Stock Exchange filings, using the PDMR tag — “person discharging managerial responsibilities,” the insider category in UK/EU market-abuse rules. It said Richard Weymark exercised 70,000 share options and sold 70,000 shares at an average C$10.50 on Jan. 30, with the transactions listed as taking place on the Toronto Stock Exchange and/or NYSE American. Investegate
A day earlier, the miner said director Russell Hallbauer sold 70,000 shares at an average C$11.76 and exercised 6,000 options at an average C$11.65, according to another PDMR notice. Investegate
In another disclosure dated Feb. 2, the company said executive Trevor Thomas exercised 60,000 options and sold 60,000 shares at an average C$11.56. Investegate
Taseko is a copper-focused miner with its main operating asset at the Gibraltar mine in British Columbia and a development-stage asset, the Florence Copper project, in Arizona, company information shows. Reuters
But the bigger risk for the stock may still be the metal itself. A Reuters poll of analysts flagged that January’s explosive run-up in London Metal Exchange copper looked unsustainable, and warned that a price spike can curb physical buying as manufacturers step back or switch materials. Reuters
Traders are now watching whether copper demand holds up into China’s Lunar New Year break, which starts Feb. 15, after analysts warned activity can slow ahead of the holiday. Reuters
