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 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, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been recognized as one of the 2023 Global 100 Most Sustainable Corporations by Corporate Knights, marking the fifth straight year Teck has been named to the list.

Teck Named to 2023 Global 100 Most Sustainable Corporations List

Teck Resources' (TECK) fourth-quarter 2022 steelmaking coal sales and volume decline y/y due to extreme weather conditions in Canada.

Teck Resources (TECK) Q4 Steelmaking Coal Sales Decline Y/Y

VANCOUVER, British Columbia, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Charlene Ripley as Senior Vice President and General Counsel. Ms. Ripley succeeds Peter Rozee, who has retired after a 33-year career in the mining industry, 21 of which were at Teck.

Teck Announces Appointment of Charlene Ripley as Senior Vice President and General Counsel

VANCOUVER, British Columbia, Dec. 23, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that TotalEnergies EP Canada Ltd. (“Total”), a subsidiary of TotalEnergies SE (NYSE: TTE, LON:TTE) has filed an application in the Alberta Court of King's Bench in connection with Teck's sale of its Fort Hills interest and related assets to Suncor Energy Inc. Total's application challenges the validity of the right of first refusal notice delivered to it by Teck, pursuant to which Total can elect to acquire part of Teck's interest in Fort Hills. Total is also seeking that the 90 day period within which it can exercise its right of first refusal be suspended during the dispute. Teck believes that Total's position is entirely without merit and expects the transaction to close in the first quarter as previously announced. It remains open to Total to accept the right of first refusal notice provided by Teck, and Teck intends to vigorously defend the proceedings.

TotalEnergies Commences Proceedings Regarding Fort Hills Right of First Refusal

Teck Resources has climbed along with rising coal prices. TECK stock is testing short-term support just below a buy point.

Stock Of The Day: TECK Stock, Not A Tech Stock, Holds Support Just Below Buy Point

VANCOUVER, British Columbia, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) released its annual Economic Contribution Report today, outlining how Teck generated $20.1 billion in total economic contribution to global GDP; created or sustained over 214,000 jobs; made payments of $10.4 billion to suppliers; and contributed $5.1 billion in taxes and government revenues to governments across the world at direct, indirect and induced levels.

Teck Outlines Economic Contributions to Communities and Regions

VANCOUVER, British Columbia, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that it has agreed to sell to a subsidiary of Conuma Resources Limited (“Conuma”) all the assets and liabilities of the Quintette steelmaking coal mine in north-eastern British Columbia. Conuma will pay Teck $120 million in cash in staged payments over the next 36 months, and an ongoing 25% net profits interest royalty, first payable after Conuma recovers its investment in Quintette.

Teck Announces Sale of Quintette Assets

VANCOUVER, British Columbia, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Greg Brouwer as Senior Vice President, Technology and Innovation. Mr. Brouwer succeeds Andrew Milner, who held the position since 2018.

Teck Announces Appointment of Greg Brouwer as Senior Vice President, Technology and Innovation

VANCOUVER, British Columbia, Dec. 09, 2022 (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 13th consecutive year and is ranked #1 in the Metals and Mining industry category on the underlying 2022 S&P Corporate Sustainability Assessment (CSA).

Teck Named to 2022 Dow Jones Sustainability World Index

Intrepid Potash

Copper, zinc, and potash mining is really good business right now, and these two are some of the cheapest stocks in the mining industry.

2 Mining Stocks That Are Too Cheap to Ignore

VANCOUVER, British Columbia, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) and Earth Rangers today announced an expanded partnership to support wildlife conservation programs and engage young Canadians in biodiversity programming, including a new youth volunteer initiative.

Teck and Earth Rangers Partner to Support Wildlife Conservation

VANCOUVER, British Columbia, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) and the BC Parks Foundation today announced a $5 million donation from Teck to the BC Parks Foundation to enhance and expand BC's world-class system of parks and protected areas.

Teck and BC Parks Foundation Partner to Support Natural Spaces Across B.C.

Teck Resources is very well positioned for a strong copper market in 2023. I run through Teck's 2023 capex requirements. I estimate that Teck will report close to CAD$4.3 billion in 2023.

Teck Resources: With China Reopening This Stock Could Do Well

VANCOUVER, British Columbia, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Crystal Prystai as Senior Vice President and Chief Financial Officer. Ms. Prystai succeeds Jonathan Price, who was appointed Chief Executive Officer earlier this year.

Teck Announces Appointment of Crystal Prystai as Senior Vice President and Chief Financial Officer

Teck Resources is delivering record sales and profits, has crushed the S&P 500 in the past 12 months, and yet is only trading at 4x earnings. The diversified mining company aims to expand copper production by over 340% in ten years, which includes doubling output next year.

Teck Resources: Significantly Undervalued With High Upside Potential

NEW YORK , Nov. 14, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Teck Resources Limited ("Teck" or the "Company") (NYSE: TECK). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Teck Resources Limited - TECK

VANCOUVER, British Columbia, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) and AES Corporation (NYSE: AES) announced today that their Chilean affiliates, Compañía Minera Teck Quebrada Blanca S.A. and AES Andes S.A ("AES Andes"), have entered into a long-term clean power purchase agreement for the Quebrada Blanca Phase 2 copper project ("QB2") in Chile. Under the 17-year agreement, AES Andes will provide 1,069 Gigawatt hours per year ("GWh/year") of energy from renewable sources, building on the February 2020 QB2 renewable energy announcement to achieve 100% clean, renewable energy for QB2 starting in 2025.

Teck Secures 100% Clean Power with AES Andes for Quebrada Blanca Phase 2

VANCOUVER, British Columbia, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) and Ocean Regenerative Aquaculture, Inc. (“ORA”) today announced a joint research project to study how seaweed can be used to enhance forest health and accelerate tree growth. The project, which supports Teck's goal to become a nature positive company by 2030, will test the efficacy of using seaweed to enhance the health of tree species that are native to areas where Teck is rehabilitating former mining areas. The project will also assess how seaweed can increase the ability of forests to capture and store carbon.

Teck and Ocean Regenerative Collaborate to Use Seaweed to Grow Trees

VANCOUVER, British Columbia, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been informed that the Toronto Stock Exchange (“TSX”) has accepted Teck's notice of intention to make a normal course issuer bid to purchase its Class B subordinate voting shares (“Class B Shares”).

Teck Receives Regulatory Approval for Share Buy-Back Program

Teck Resources Ltd (NYSE:TECK ) Q3 2022 Earnings Conference Call October 27, 2022 11:00 AM ET Company Participants Fraser Phillips - SVP, IR & Strategic Analysis Jonathan Price - CEO & Director Harry Conger - EVP, COO, President & Director Crystal Prystai - VP, Corporate Controller & Interim CFO Real Foley - SVP, Marketing & Logistics Robin Sheremeta - SVP, Coal Conference Call Participants Greg Barnes - TD Securities Orest Wowkodaw - Scotiabank Lawson Winder - Bank of America Merrill Lynch Jackie Przybylowski - BMO Capital Markets Brian MacArthur - Raymond James Operator Ladies and gentlemen, thank you for standing by. Welcome to Teck's Third Quarter 2022 Earnings Release Conference Call.

Teck Resources Ltd (TECK) Q3 2022 Earnings Call Transcript

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B, NYSE: TECK) today reported a loss attributable to shareholders of C$195 million (C$0.37 per share) and adjusted profit attributable to shareholders of C$923 million (C$1.77 per share) in Q3 2022.

Teck posts adjusted profit attributable to shareholders of C$923M in Q3, notes inflationary pressures

Teck Resources Ltd (TECK) delivered earnings and revenue surprises of 1.53% and 6.47%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Teck Resources Ltd (TECK) Q3 Earnings and Revenues Surpass Estimates

Progressing copper growth and delivering strong financial results Progressing copper growth and delivering strong financial results

Teck Reports Unaudited Third Quarter Results for 2022

Suncor Energy

(Kitco News) - “This transaction advances our strategy of pursuing industry leading copper growth and rebalancing our portfolio of high-quality assets to low carbon metals,” said Jonathan Price, CEO. “We will review the use of proceeds in accordance with our capital allocation framework early in 2023.”

Teck Resources sells Fort Hills operations to Suncor for C$1 billion

Canadian miner Teck Resources Ltd said it has agreed to sell its 21.3% stake in the Fort Hills oil sands project to Suncor Energy Inc for about C$1 billion ($737.19 million) in cash, as it shifts focus to copper from carbon.

News for Teck Resources Stock (TECK)