Teck Resources

Teck Resources Limited is a resource company, which engages in mining and development of mineral properties. It organized into business units focused on steelmaking coal, copper, zinc, and energy. The firm also offers lead, silver, molybdenum and various specialty and other metals, chemicals and fertilizers. It focuses on its project operations located in Canada, Peru, Chile, and U.S. The company was founded on September 24, 1951 and is headquartered in Vancouver, Canada.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Teck Resources reports robust Q2 earnings post coal business sale

Teck Resources delivered strong financial performance in Q2 2024, driven by copper production and strategic divestment of the coal business. While facing short-term challenges in production guidance, the company's focus on growth projects and shareholder returns highlights a promising future outlook.

Teck Resources excels in energy transition metals, faces QB challenges

Teck Resources showcased strong operational performance, financial discipline, and commitment to sustainability in the Q3 earnings call. Despite challenges in QB operations, the company's strategic focus on safety and value-driven initiatives positions it well for future growth.

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Teck Resources Limited is a resource company, which engages in the exploration, acquisition, development, production, and sale of natural resources. Its products include steelmaking coal, copper, zinc, industrial products and fertilizers, and other metals. Its project operations are located in Canada, Peru, U.S., and Chile. The company was founded on September 24, 1951 and is headquartered in Vancouver, Canada.

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B) (NYSE: TECK) today announced its Quebrada Blanca Phase 2 project (“QB2”) has produced its first bulk copper concentrate, as the project advances commissioning and ramps up to full production through 2023.

Teck says first copper concentrate produced at QB2 project in Chile

VANCOUVER, British Columbia, March 31, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced its Quebrada Blanca Phase 2 Project (“QB2”) has produced its first bulk copper concentrate, as the project advances commissioning and ramps up to full production through 2023.

Teck Announces First Copper at QB2 Project in Northern Chile

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VANCOUVER, British Columbia, March 29, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today a new report outlining the extremely low carbon footprint of the Special High Grade (SHG) refined zinc from its Trail Operations in British Columbia, Canada. The report, which was independently reviewed by PricewaterhouseCoopers LLP, confirmed that production of each tonne of SHG zinc from Trail Operations generates 0.93 tonnes of CO2e, or carbon dioxide equivalent, compared to the estimated global average of 3-4 tonnes of CO2e per tonne of zinc production.

Teck Trail Operations Announces Low-Carbon Refined Zinc

VANCOUVER, British Columbia, March 22, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will host a virtual investor & analyst presentation and modelling workshop for Elk Valley Resources (“EVR”) on Thursday, March 30, 2023.

Teck to Host Virtual EVR Presentation and Modelling Workshop on March 30, 2023

VANCOUVER, British Columbia, March 16, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced Teck Trail Operations has committed to the Zinc Mark. The Zinc Mark is part of the Copper Mark's multi-metals approach using the Copper Mark assurance framework, a framework which aims to promote responsible production practices and demonstrate the industry commitment to the United Nations Sustainable Development Goals.

Teck's Trail Operations Commits to the Zinc Mark

Teck Resources Ltd (TECK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Teck Resources Ltd (TECK) Upgraded to Buy: Here's Why

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VANCOUVER, British Columbia, March 16, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) announced today the release of our 22nd annual Sustainability Report, highlighting our performance in 2022 and progress on our sustainability strategy goals.

Teck Reports 2022 Sustainability Performance

Teck Resources Limited is now streamlining its business to reposition itself for the great energy transition. Teck Resources is going to split its business in two, Teck Metals and Elk Valley Resources.

Teck Resources: Exciting Change, Focused On Energy Transition

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Teck Resources' (TECK) Q4 bottom line reflects the impacts of lower metal prices, as well as inflationary pressures.

Teck (TECK) Misses on Q4 Earnings, To Spin Off Steelmaking Coal

Analysts at Stifel GMP have retained their ‘Buy' rating on Teck Resources Ltd (TSX:TCK) after the Canadian miner announced it will spin off its coal business, creating Elk Valley Resources as a pure-play, high-margin steel-making coal producer and allowing Teck to fund growth in its multi-asset copper business. In a note to clients, Stifel's analysts highlighted that Teck will retain 90% of free cash flow from its coal business until at least the end of 2028, supporting its copper business growth.

Teck Resources has strong re-rating opportunity with spin-off of its coal business, analysts say

Teck Resources Ltd (TECK) delivered earnings and revenue surprises of -17.71% and 10.21%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Teck Resources Ltd (TECK) Misses Q4 Earnings and Revenue Estimates

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B, NYSE: TECK) announced today the reorganization of its business to separate Teck into two independent, publicly-listed companies: Teck Metals Corp. and Elk Valley Resources Ltd. (“EVR”).

Teck to spin off steelmaking coal business to shareholders

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B, NYSE: TECK) today announced a record adjusted profit attributable to shareholders of C$4.9 billion or C$9.25 per share for the full year 2022.

Teck says achieved a number of financial performance records in 2022, posts adjusted profit of C$4.9B

Teck Resources Limited (NYSE:TECK ) Q4 2022 Earnings Conference Call February 21, 2023 8:00 AM ET Company Participants Fraser Phillips - Senior Vice President, Investor Relations & Strategic Analysis Jonathan Price - Chief Executive Officer Greg Brouwer - Senior Vice President, Technology & Innovation Crystal Prystai - Senior Vice President & Chief Financial Officer Conference Call Participants Orest Wowkodaw - Scotiabank Greg Barnes - TD Securities Lucas Pipes - B. Riley Securities Brian MacArthur - Raymond James Timna Tanners - Wolfe Research Emily Chieng - Goldman Sachs Lawson Winder - Bank of America Carlos De Alba - Morgan Stanley Dalton Baretto - Canaccord Chris LaFemina - Jefferies Alex Terentiew - Stifel Operator Ladies and gentlemen, thank you for standing by.

Teck Resources Limited (TECK) Q4 2022 Earnings Call Transcript

High commodity prices drive record annual financial performance High commodity prices drive record annual financial performance

Teck Reports Unaudited Fourth Quarter Results for 2022

VANCOUVER, British Columbia, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today a proposed six-year sunset for the multiple voting rights attached to the Class A common shares of Teck (the “Dual Class Amendment”).

Teck Introduces Sunset for Dual Class Share Structure

Separation creates two world-class, independent companies: Teck Metals and Elk Valley Resources Separation creates two world-class, independent companies: Teck Metals and Elk Valley Resources

Teck to Spin Off Steelmaking Coal Business to Shareholders

VANCOUVER, British Columbia, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that its Board of Directors has declared an eligible dividend of $0.625 on its outstanding Class A common shares and Class B subordinate voting shares, consisting of a base dividend of $0.125 per share and a supplemental dividend of $0.50 per share, to be paid on March 31, 2023, to shareholders of record at the close of business on March 15, 2023.

Teck Declares $0.625 per Share Dividend and Authorizes up to $250 Million Share Buyback

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Earnings Previews: Home Depot, Teck Resources, Walmart

Teck Resources Ltd (TSX:TECK.B) saw its share spike 10% higher in Toronto as it responded to confirming market rumours, informing investors that it is mulling a spin-out of its steelmaking coal assets. The company, in a stock market statement, said it is evaluating alternatives for its steelmaking coal business, including the possible spin-out of an interest in that business to its shareholders.

News for Teck Resources Stock (TECK)