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

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Earnings data Q1 2024

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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.

VANCOUVER, British Columbia, July 15, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the pricing terms of its previously announced six separate offers (the “Offers”) to purchase for cash up to US$1,250,000,000 aggregate principal amount of its outstanding notes of the series listed in the table below (collectively, the “Notes”).

Teck Announces Pricing of Cash Tender Offers

Teck Resources (TECK) plans to use the proceeds from the sale of its steelmaking coal business to reduce debt, invest in its copper business and distribute cash to shareholders.

Teck Resources (TECK) Exits Coal to Focus on Copper, Stock Up

Rio Tinto plc Sponsored

In a move that could significantly reshape the mining industry, Rio Tinto, the global mining giant listed in London and Sydney, is reportedly considering buying Teck Resources.  Following BHP's unsuccessful £24.7 billion bid for Anglo American, Rio Tinto has been evaluating potential targets, with the Canadian mining firm at the forefront.

Rio Tinto considers $32 billion acquisition of Canadian mining giant Teck Resources

Teck Resources (TECK) stock price has done well in the past few years as it continued to beat key peers in the industry. It has jumped by over 24% this year, beating the iShares Copper and Metals Mining ETF (ICOP) and the SPDR S&P Metals & Mining ETF (XME).

Teck Resources stock in focus as Rio Tinto considers a bid

VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced that it has completed the sale of its remaining 77% interest in the steelmaking coal business to Glencore plc. Teck received total cash proceeds of US$7.3 billion, subject to customary closing adjustments.

Teck Announces Completion of Steelmaking Coal Sale

VANCOUVER, British Columbia, July 10, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will release its second quarter 2024 earnings results before market open on Wednesday, July 24, 2024.

Teck to Release Second Quarter 2024 Results on July 24, 2024

Undervaluation in Newmont along with over optimism in Teck's price leaves a unique opportunity to go long Gold and short Coal. Newmont continues to show growth in its pipeline, proving management's ability to think years ahead. Significant run up in Gold prices gives Newmont tailwinds for years to come.

Teck Resources And Newmont Corp: A Golden Long/Short In The Mining Space

Teck Resources (TECK) completes the sale of its steelmaking coal business, which should enable it to focus on growing its copper growth projects.

Teck Resources (TECK) Closes Sale of Its Steelmaking Coal Unit

Glencore PLC

Glencore PLC (LSE:GLEN) has received final regulatory approval for its acquisition of 77% of the coking coal business Elk Valley Resources (EVR) from Teck Resources. This was the final regulatory approval for the transaction, which is now expected to close on 11 July 2024.

Glencore to sign off Teck coal acquisition next week

VANCOUVER, British Columbia, July 04, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the commencement of six separate offers (the “Offers”) to purchase for cash up to US$1,250,000,000 aggregate principal amount of its outstanding notes of the series listed in the table below (collectively, the “Notes”). Subject to the Maximum Purchase Condition (as defined below), the series of Notes that are purchased in the Offers will be based on the acceptance priority levels (each, an “Acceptance Priority Level”) set forth in the table below. If a given series of Notes is accepted for purchase pursuant to the Offers, all Notes of that series that are validly tendered will be accepted for purchase. No series of Notes will be subject to proration pursuant to the Offers.

Teck Announces Cash Tender Offers for up to US$1.25 Billion of Debt Securities

Proceeds will go towards reducing debt, funding copper growth, and returning cash to shareholders Proceeds will go towards reducing debt, funding copper growth, and returning cash to shareholders

Teck Receives Regulatory Approval for Sale of Steelmaking Coal Business

VANCOUVER, British Columbia, July 04, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided unaudited second quarter 2024 steelmaking coal sales volumes and realized prices.

Teck Provides Steelmaking Coal Sales and Pricing Update

VANCOUVER, British Columbia, June 26, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) has been named as one of Corporate Knights' 2024 Best 50 Corporate Citizens in Canada. This marks the 18th consecutive year Teck has been named as one of the Best 50 companies by Corporate Knights.

Teck Named to 2024 Best 50 Corporate Citizens in Canada

Teck Resources Ltd (TSX:TECK.B)'s sale of its interest in EVR to Glencore marks its shift into a pure-play base metals miner, boosting its balance sheet strength and potential for capital returns, according to analysts who also see potential undervaluation in its shares. The move also positions the company favorably in terms of its organic growth pipeline, according to analysts.

What's next for Teck Resources after Glencore deal?

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Wheaton Precious Metals

Societe Generale says to consider shares of companies that mine the metal and other materials critical to the clean energy transition.

The Copper Trade Is Done. Buy These 8 ‘Greenflation' Stocks Instead.

Class B shares of  mining and mineral development company Teck Resources Ltd (NYSE:TECK) might be 0.5% lower at $51.46 this afternoon, but they're hovering near yesterday's intraday high of $52.45 -- the stock's highest mark since May 2011.

Bull Signal Could Push Commodity Stock Above 13-Year Highs

VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer Jonathan Price, will be presenting at the BofA Securities 2024 Global Metals, Mining and Steel conference on Tuesday, May 14, 2024 at 11:45 a.m. Eastern/8:45 a.m. Pacific time. The investor presentation will focus on maximizing value for shareholders and include information on company strategy, financial performance, and outlook.

Teck to Present at the BofA Securities 2024 Global Metals, Mining and Steel Conference

Teck Resources has had a spectacular run since we initiated our "Strong Buy". In just three months, TECK has achieved a total return of 23.2%. Our base case scenario sees copper prices matching previous bull markets. This translates into potentially another 40% gain for copper prices to US$6.50/pound. TECK is also among the world's most attractive pure-play copper producers and would be a decent acquisition target.

Teck Resources: We Still See Potential For Further Gains

Teck Resources' (TECK) Q1 bottom line reflects the impacts of higher costs, lower steelmaking coal sales volumes and a decline in copper and zinc prices.

Teck Resources (TECK) Q1 Earnings Lag Estimates, Decline Y/Y

VANCOUVER, British Columbia, April 25, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual Meeting of Shareholders held on Thursday, April 25, 2024 (the “Meeting”). A total of 6,366,951 Class A common shares and 380,767,143 Class B subordinate voting shares were voted at the Meeting, representing 79.97% of the votes attached to all outstanding shares.

Teck Reports Voting Results from Annual Meeting of Shareholders

Teck Resources Limited (NYSE:TECK ) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Fraser Phillips - Senior Vice President, Investor Relations & Strategic Analysis Jonathan Price - Chief Executive Officer Crystal Prystai - Senior Vice President, Corporate Controller & Chief Financial Officer Robin Sheremeta - President, Coal Business Unit Shehzad Bharmal - Senior Vice President, Base Metals Ian Anderson - Chief Commercial Officer Conference Call Participants Orest Wowkodaw - Scotiabank Liam Fitzpatrick - Deutsche Bank Nick Giles - B. Riley Securities Carlos De Alba - Morgan Stanley Bill Peterson - JPMorgan Brian MacArthur - Raymond James Dalton Baretto - Canaccord Genuity Operator Ladies and gentlemen, thank you for standing by.

Teck Resources Limited (TECK) Q1 2024 Earnings Call Transcript

Teck Resources Ltd (TECK) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $1.32 per share a year ago.

Teck Resources Ltd (TECK) Misses Q1 Earnings and Revenue Estimates

Increasing copper production with QB ramp-up and completion of all major construction Increasing copper production with QB ramp-up and completion of all major construction

Teck Reports Unaudited First Quarter Results for 2024

Teck Resources (TECK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Teck Resources Ltd (TECK) to Report a Decline in Earnings: What to Look Out for

Newmont Mining

Copper stocks have continued to rally in 2024. According to the International Energy Agency, the global demand for copper will double over the next two decades as the world marches towards electrification and sustainable energy solutions.

News for Teck Resources Stock (TECK)