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 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.

SANTIAGO, Chile, Nov. 26, 2020 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today that it is expanding its Copper and Health program to Chile, partnering with leading national health professionals and academics on a pilot project at the Iquique Hospital.

Teck Partners to Launch Copper & Health Hospital Study in Chile

Teck Resources (TECK) affirms sales volume guidance for the Steelmaking Coal segment at 5.8-6.2 million tons in Q4 and states that 20% of these sales will now stem from Chinese customers.

Teck Resources (TECK) Issues Q4 Steelmaking Coal Market Update

VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today announced that it has increased its steelmaking coal sales to China for the fourth quarter of 2020 in response to increased demand. These sales have been at higher pricing levels compared to markets outside China. Estimated total fourth quarter sales remain within Teck's existing guidance of 5.8-6.2Mt, with approximately 20% of these sales now to Chinese customers.

Teck Provides Steelmaking Coal Market Update

VANCOUVER, British Columbia, Nov. 14, 2020 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been named to the S&P Dow Jones Sustainability World Index (DJSI) for the 11th consecutive year and is the industry leader in the Metals and Mining industry on the DJSI.

Teck Named Industry Leader on 2020 Dow Jones Sustainability World Index

TECK produced lackluster Q3 financials, but solid project updates. TECK is still looking to make copper the largest part of its business.

Teck Resources: There's Still Room To Run

VANCOUVER, British Columbia, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today announced it is partnering with TransLink, Vancouver Coastal Health, VGH & UBC Hospital Foundation, Coalition for Healthcare Acquired Infection Reduction (“CHAIR”), and the University of British Columbia to test antimicrobial copper coatings on high-touch transit surfaces on buses and SkyTrain in Vancouver, B.C.

Teck Partners to Test Germ-Killing Copper on Vancouver Transit

Teck Resources' (TECK) earnings decline in Q3 on costs associated with the pandemic's negative impact.

Teck Resources' (TECK) Q3 Earnings Beat Estimates, Shares Up

VANCOUVER, British Columbia, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck Resources") today announced that Environment and Climate Change Canada has issued a Direction under the Fisheries Act (the “Direction”) to Teck Coal Limited (“Teck”), setting out measures to be taken to improve water quality and prevent calcite deposition in the Elk Valley in waters affected by Teck's Fording River and Greenhills operations. The measures set out in the Direction are complementary to measures already included in the Elk Water Quality Plan (“EVWQP”) being implemented by Teck. The Direction does not require construction of any additional water treatment facilities beyond those already contemplated by the EVWQP, but sets out requirements with respect to water management such as diversions, mine planning, fish monitoring and calcite prevention measures, as well as the installation by December 31, 2030, of a 200-hectare geo-synthetic cover trial in the Greenhills creek drainage. The headwaters of Greenhills Creek have been identified as the location where a geo-synthetic cover over waste rock has the greatest technical potential as a source control measure. If the cover trial is successful, there may be potential for geo-synthetic covers to be deployed in a limited number of other specific settings in the Elk Valley to supplement other source control measures already under development.

New Water Quality Measures in the Elk Valley

Lindsay

Teck Resources Limited (TECK) CEO Don Lindsay on Q3 2020 Results - Earnings Call Transcript

Progress on Priority Projects and Cost Reductions Throughout the Business Progress on Priority Projects and Cost Reductions Throughout the Business

Teck Reports Unaudited Third Quarter Results for 2020

VANCOUVER, British Columbia, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) has been named to the Forbes World's Best Employers 2020 list, an employee-driven ranking of multinational and large companies from 45 countries that looked at topics including COVID-19 response and willingness to recommend an employer to friends and family.

Teck Named to Forbes World's Top Employers List

VANCOUVER, British Columbia, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will release its third quarter 2020 earnings results on Tuesday, October 27, 2020 before market open.

Teck’s Q3 2020 Financial Results and Investors’ Conference Call October 27, 2020

Teck (TECK) is worth retaining in the portfolio with focus on the company's cost-control initiatives and solid project pipelines.

Why Hold Strategy is Apt for Teck (TECK) Stock Right Now

VANCOUVER, British Columbia, Sept.  17, 2020  (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) and The AES Corporation (NYSE: AES) announced today that their Chilean affiliates, Compañía Minera Teck Carmen de Andacollo S.A. ("CdA”) and AES Gener S.A (“AES Gener”), have entered into a long-term power purchase agreement to provide 100% renewable power for Teck’s Carmen de Andacollo Operation in Chile.

Teck Carmen de Andacollo Switches to Renewable Power

Global economic uncertainty and unfavorable impact of the coronavirus pandemic are headwinds for Teck Resources (TECK).

Teck Resources Declines 22% YTD: What's Pulling it Down?

Partly inspired by our recent trip throughout the West, and partly inspired by our long position in Teck Resources Ltd (TECK) which gained over 11% on Friday while the S&P 500 closed basically flat, coal is the topic for the weekend.

Teck Resources: Coal Is Still A Dominant Energy Provider

The Canadian miner got a boost from Chinese demand for one of its key products, with an additional nudge from Scotiabank.

Why Teck Resources Stock Jumped as Much as 13% Today

Teck (TECK) tightens Fort Hills' current-year production guidance to approximately 105,000-115,000 barrels per day from the prior estimate of 100,000-120,000 barrels per day.

Teck to Restart Fort Hills 2nd Train Facility, Cut Production

VANCOUVER, British Columbia, Sept.  08, 2020  (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced that the Partners in the Fort Hills limited partnership have decided to restart the second Fort Hills train and plan to ramp up production to approximately 120,000 barrels per day by the end of the year. Assuming ongoing production at Fort Hills on this basis we have narrowed our production guidance for the year from 100,000-120,000 barrels per day to approximately 105,000-115,000 barrels per day, of which Teck’s share is 21.3%. We have also lowered our unit operating costs guidance by CAD$2 per barrel to CAD$35 to CAD$38 per barrel for the year compared to our previous guidance of CAD$37 to CAD$40 per barrel. We previously announced a reduction in our 2020 capital spending in our Energy business unit to $85 million from $175 million and this remains unchanged. The Fort Hills partners will continue to monitor market conditions and may adjust the operating plan for Fort Hills accordingly.

Teck Provides Update on Fort Hills Production Plan

The agreement will provide greater shipment flexibility to Teck (TECK), while also reducing costs and improving performance throughout the company's steelmaking coal supply chain.

Teck Inks Deal With Westshore to Boost Steelmaking Coal Shipment

VANCOUVER, British Columbia, Aug.  25, 2020  (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today it has signed a non-binding term sheet reflecting an agreement in principle with Westshore Terminals Limited Partnership (“Westshore”) on proposed terms for the shipment of steelmaking coal following expiry of the current contract on March 31, 2021.

Teck Announces Agreement in Principle with Westshore

Teck (TECK) poised to gain from the company's solid pipeline of projects and cost-reduction efforts.

Teck Gains From Cost-Cutting Actions Amid Coronavirus Crisis

Teck Resources: Breakout In Progress

VANCOUVER, British Columbia, Aug.  19, 2020  (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of three experienced senior executives to help advance key priorities to generate long-term value.

Teck Announces Senior Executive Appointments

Teck Resources' (TECK) earnings decline in Q2 on costs associated with the pandemic's negative impact.

News for Teck Resources Stock (TECK)