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.

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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, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today it has agreed to sell its 21.3% interest in the Fort Hills Energy Limited Partnership (“Fort Hills”) and certain associated downstream assets to Suncor Energy Inc. (“Suncor”) for gross proceeds of approximately $1 billion in cash, subject to customary closing adjustments reflecting a November 1, 2022 effective date. The transaction value is consistent with the current outlook for the Fort Hills business reflected in the most recent in-depth review of Fort Hills conducted by Suncor and the resulting long-range plan for the project.

Teck Announces Sale of Fort Hills Interest

KAMLOOPS, British Columbia, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Royal Inland Hospital Foundation and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) are joining today to celebrate the beginning of construction of the new Teck Emergency Department at Royal Inland Hospital (RIH). Teck contributed $2.5 million towards the hospital's new emergency department which will feature the installation of innovative antimicrobial copper surfaces and equipment to help protect patients and health care workers.

Construction Underway at New Teck Emergency Department – Ushering in a New Era for Royal Inland Hospital

Teck Resources' (TECK) Q3 performance is likely to reflect lower steel-making coal sales, lower metal prices as well as inflated costs.

Teck Resources (TECK) to Report Q3 Earnings: What's in Store?

SPARWOOD, British Columbia, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has planted a record 2.4 million seedlings to date in 2022 as part of reclamation work at its Elk Valley operations in southeast B.C., in support of the goal of becoming a nature positive company.

Teck Plants 2.4 million Seedlings in Elk Valley in 2022

Shares of Teck Resources have fallen over the past two months on recession fears, creating a buying opportunity. The company is immensely profitable today, and while profits will decline, it can likely keep earnings at about $5 next year.

Teck Resources Could Prove Surprisingly Resilient To A Recession

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Teck Resources (TECK) Stock Undervalued Right Now?

VANCOUVER, British Columbia, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) and SAAM Towage (“SAAM”) today announced an agreement to deploy two electric tug boats at Neptune Terminal in Vancouver, British Columbia (B.C.) in support of Teck's climate goals, which will mark the first electric tugs operating in Canada as a full tugboat package for harbour assist and tug services.

Teck and SAAM Towage to Deploy Electric Tugs at Neptune Terminal

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Here's Why Teck Resources Ltd (TECK) is a Strong Growth Stock

Teck Resources (TECK) reports steelmaking coal sales of 5.6 million tons and an average realized steelmaking coal price of $304 per ton for the third quarter of 2022.

Teck Resources (TECK) Q3 Steelmaking Coal Sales Down Y/Y

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B, NYSE: TECK) yesterday reported that its third quarter steelmaking coal sales were 5.6 million tonnes, within the revised guidance of 5.5 - 5.9 million tonnes.

Teck posts Q3 steelmaking coal sales within guidance, flags decline in prices

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Donation to support campus redevelopment and teaching and learning innovations Donation to support campus redevelopment and teaching and learning innovations

Reason for Inspiration: Teck Contributes $5M Towards BCIT INSPIRE Campaign

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Why Teck Resources Ltd (TECK) is a Top Value Stock for the Long-Term

Teck Resources (TECK) trims its steelmaking coal sales guidance for the September quarter of 2022 to 5.5-5.9 million tons to reflect the outage at its Elkview steelmaking coal plant.

Teck Resources (TECK) Cuts Q3 Coal Sales View on Elkview Outage

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(Kitco News) - The company said that production at Elkview Operations will be interrupted for 1-2 months as repairs are implemented.

Teck reports Elkview plant outage, updates steelmaking coal production guidance

VANCOUVER, British Columbia, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that there has been a structural failure of the plant feed conveyor belt at its Elkview steelmaking coal operation in the Elk Valley of British Columbia. Initial estimates are that production at Elkview Operations will be interrupted for 1-2 months as repairs are implemented. Elkview will reschedule planned plant maintenance to take advantage of plant downtime and mine operations will focus on pre-stripping during the outage. Assuming a two-month suspension of plant operations, Teck expects the impact on 2022 steelmaking coal production will be in the range of 1.5 million tonnes.

Teck Reports Elkview Plant Outage

VANCOUVER, BC / ACCESSWIRE / September 20, 2022 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN)(OTC PINK:HANNF) is pleased to announce that Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") has agreed to make a strategic investment in the Company by way of a private placement financing (the "Private Placement"). Pursuant to the Private Placement, Teck will subscribe for 9,180,000 common shares (the "Common Shares") of Hannan at a price of $0.28 per Common Share (the "Issue Price") for gross proceeds to Hannan of approximately C$2.57 million.

Hannan Announces C$2.6 Million Strategic Investment

Agnico Eagle Mines

(Kitco News) - Agnico Eagle Mines announced today that the company has agreed to subscribe for a 50% interest in Minas de San Nicolás (MSN), a wholly-owned subsidiary of Teck Resources, which owns the San Nicolás copper-zinc development project located in Zacatecas, Mexico.

Agnico Eagle to acquire 50% interest in Teck's San Nicolás copper-zinc project via $580M share subscription

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VANCOUVER, British Columbia and TORONTO, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Agnico Eagle Mines Limited (TSX and NYSE: AEM) (“Agnico Eagle”) and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that Agnico Eagle has agreed to subscribe for a 50% interest in Minas de San Nicolás, S.A.P.I. de C.V. (“MSN”), a wholly-owned Teck subsidiary which owns the San Nicolás copper-zinc development project located in Zacatecas, Mexico (the “Transaction”). As a result of the Transaction, Teck and Agnico Eagle will become 50/50 joint venture partners at San Nicolás.

Teck and Agnico Eagle Announce Agreement on the San Nicolás Copper-Zinc Project located in Zacatecas, Mexico

VANCOUVER, BC and TORONTO, Sept. 16, 2022 /PRNewswire/ - Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) ("Agnico Eagle") and Teck Resources Limited (TSX: TECK.A) (TSX: TECK.B) (NYSE: TECK) ("Teck") announced today that Agnico Eagle has agreed to subscribe for a 50% interest in Minas de San Nicolás, S.A.P.I.

Teck and Agnico Eagle Announce Agreement on the San Nicolás Copper-Zinc Project located in Zacatecas, Mexico

VANCOUVER, British Columbia, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will release its third quarter 2022 earnings results before market open on Thursday, October 27, 2022.

Teck to Release Third Quarter 2022 Results on October 27, 2022

VANCOUVER, British Columbia, Sept. 09, 2022 (GLOBE NEWSWIRE) -- Thompson Rivers University and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced a partnership to improve health and safety for staff, students and faculty on campus through the use of antimicrobial copper on high-touch surfaces.

Thompson Rivers University and Teck Partner to Enhance Health and Safety on Campus Using Antimicrobial Copper

VANCOUVER, British Columbia, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) and Science World today announced a partnership providing an added layer of protection for visitors and staff at Science World while building awareness of copper's antimicrobial properties and the role metals play in our everyday lives.

News for Teck Resources Stock (TECK)