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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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, June 06, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today confirmed that it has received a number of inbound indications of interest regarding various forms of potential transactions involving Teck's steelmaking coal business.

Teck Engaging with Multiple Counterparties Regarding Interest in its Steelmaking Coal Business

Two catalysts for Teck Resources Limited: underlying business growth in servicing the energy transition and potential acquisition of Teck Metals (copper business). Management's focus on unlocking shareholder value for Teck's copper business.

Teck Resources: 2 Catalysts Happening (Rating Upgrade)

VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the following executive and vice president appointments:

Teck Announces Executive and Vice President Appointments

VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- Vancouver Coastal Health (VCH), Teck Resources Limited (“Teck”) and VGH & UBC Hospital Foundation are partnering to study how antimicrobial copper can be used to prevent infections and improve health outcomes in three long-term care homes across the VCH region. Funded by Teck, it will be the first study of its size in Canada.

Vancouver Coastal Health and Teck Partner to Study How Bacteria-killing Copper Can Reduce the Risk of Infection Transmission in Long-term Care Homes

Toronto, Ontario--(Newsfile Corp. - May 25, 2023) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that it has closed the previously announced strategic investment in the Company by Teck Resources Limited (TSX: TECK.A) (TSX: TECK.B) (NYSE: TECK) ("Teck") through a structured charity flow-through financing on a private placement basis. The Company has issued 14,400,000 common shares on a flow-through basis (the "Charity FT Shares") at a price of C$0.205 per Charity FT Share for issue proceeds of approximately $2.96 million (the "Offering").

American Eagle Gold Closes C$2.96 Million Financing

VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- A collaborative cross-Canadian partnership between infection control researchers, transit authorities and private industry has demonstrated the effectiveness of antimicrobial copper to reduce the spread of bacteria and viruses in public spaces. The results of a successfully completed, one-year study, led by the medical microbiology research team at Vancouver Coastal Health and hosted by TransLink and Toronto Transit Commission, found that select copper products on public transit can eliminate up to 99.9% of bacteria.

First of its Kind Joint Study Demonstrates Copper's Effectiveness at Killing Bacteria and Viruses on Public Transit

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B) (NYSE: TECK) announced today that the Zafranal copper project in Peru has received regulatory approval from SENACE, Peru´s National Service of Environmental Certification for Sustainable Investments.

Teck announces regulatory approval for the Zafranal copper project in Peru

VANCOUVER, British Columbia, May 12, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that it has completed the previously announced plan of arrangement under the Canada Business Corporations Act to introduce a six-year sunset for the multiple voting rights attached to the Class A common shares of Teck (the “Dual Class Amendment”).

Teck Completes Plan of Arrangement Introducing a Sunset for Dual Class Share Structure

VANCOUVER, British Columbia, May 12, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that the Zafranal copper project in Peru has received regulatory approval from SENACE, Peru´s National Service of Environmental Certification for Sustainable Investments. Zafranal is a highly competitive, mid-sized copper-gold development project located in the porphyry copper belt of Southern Peru in the Arequipa Region. The deposit is owned by Compañía Minera Zafranal S.A.C. (“CMZ”), of which Teck owns 80% and Mitsubishi Materials Corporation (“MMC”) owns 20%.

Teck Announces Regulatory Approval for the Zafranal Project

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. VANCOUVER, BC / ACCESSWIRE / May 9, 2023 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN) announces the closing of its non-brokered unit private placement financing (the "Offering") announced on April 24, 2023.

Hannan Announces Closing of C$1.76 Million Oversubscribed Private Placement

VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) Chief Executive Officer Jonathan Price will be presenting at the BofA Securities 2023 Global Metals, Mining and Steel conference on Tuesday, May 16, 2023 at 5:40 a.m. Eastern/2:40 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 2023 Global Metals, Mining and Steel Conference May 16, 2023

Zacks.com users have recently been watching Teck Resources Ltd (TECK) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Here is What to Know Beyond Why Teck Resources Ltd (TECK) is a Trending Stock

Teck Resources abandoned its separation plan last month. Investors want it to pursue a cleaner separation of its steelmaking coal operations.

Why Teck Resources Stock Rocketed 27.5% in April

Canadian Pacific Kansas City Limited

CALGARY, AB and VANCOUVER, BC , May 4, 2023 /PRNewswire/ - Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) ("CPKC") and Teck Resources Limited (TSX: TECK.A) (TSX: TECK.B) (NYSE: TECK) ("Teck") announced today that CPKC and Teck Coal Limited have entered into a long-term rail agreement for the transportation of steelmaking coal from Teck's four operations in southeastern B.C. The agreement builds on existing services in place and runs until the end of 2026.

Teck and CPKC announce long-term rail agreement

CALGARY, Alberta and VANCOUVER, British Columbia, May 04, 2023 (GLOBE NEWSWIRE) -- Canadian Pacific Kansas City Limited (TSX: CP, NYSE: CP) (“CPKC”) and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that CPKC and Teck Coal Limited have entered into a long-term rail agreement for the transportation of steelmaking coal from Teck's four operations in southeastern B.C. The agreement builds on existing services in place and runs until the end of 2026.

Teck and CPKC Announce Long-term Rail Agreement

VANCOUVER, British Columbia, April 28, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that the Supreme Court of British Columbia has issued a final order approving the previously announced plan of arrangement under the Canada Business Corporations Act to introduce a six-year sunset for the multiple voting rights attached to the Class A common shares of Teck (the “Dual Class Amendment”).

Teck Announces Receipt of Final Order Approving Plan of Arrangement and Further Details in Respect of Sunset for Dual Class Share Structure

Glencore PLC

JP Morgan expects Glencore to upgrade its offer for Teck Resources, especially now that the Canadian miner has dropped its own separation plans. Glencore's offer currently is worth around C$63 a piece for the B shares, but JP Morgan believes it can increase this to C$70, or a 19% premium to the close yesterday, valuing Teck at US$27bn or 50% above its value before the approach was made public.

Glencore likely to raise Teck Resources offer, according to JP Morgan

Glencore's plan to merge with Teck Resources seemingly got a shot in the arm last night as the Canadian group dropped its own plans to split off its coal business. In a statement, Glencore said it had noted Teck's decision and that its own proposal for splitting off and merging the two companies' coal and metal businesses into separate entities offers “a simple and direct approach to separation”.

Glencore gets merger boost as Teck drops separation plan

VANCOUVER, British Columbia, April 26, 2023 (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 and Special Meeting of Shareholders held on Wednesday, April 26, 2023 (the “Meeting”). A total of 6,799,078 Class A common shares and 394,856,667 Class B subordinate voting shares were voted at the Meeting, representing 83.80% of the votes attached to all outstanding shares.

Teck Reports Voting Results from Annual and Special Meeting of Shareholders

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B) (NYSE: TECK) yesterday announced adjusted profit attributable to shareholders of C$930 million in Q1 2023, which compares to adjusted profit of C$1,620 in Q1 2022.

Teck reports adjusted profit of C$930M in Q1; warns about 'pressure' on its capital cost guidance for QB2

Teck Resources Limited (TECK) Q1 2023 Earnings Call Transcript.

Teck Resources Limited (TECK) Q1 2023 Earnings Call Transcript

Teck Resources Limited surprised the markets by announcing Wednesday morning that it has withdrawn its plan to separate its coal and metals business into two separate entities, just hours ahead of a shareholder vote on the proposal.     “Our plan going forward is to pursue a simpler and more direct separation, which is the best path to unlock the full value of Teck for our shareholders,” Teck Resources CEO Jonathan Price said in a statement.

Teck Resources withdraws separation proposal, 1Q revenue and earnings fall

Separation remains the best path to maximize value; Teck will pursue a simpler and more direct separation approach Separation remains the best path to maximize value; Teck will pursue a simpler and more direct separation approach

Teck Withdraws Separation Proposal

Significant milestones achieved in copper growth strategy and strong financial results in the first quarter Significant milestones achieved in copper growth strategy and strong financial results in the first quarter

Teck Reports Unaudited First Quarter Results for 2023

Canada's largest mining company, Teck Resources Ltd. ( TECK , Financial), is primarily known for its steelmaking coal business, which made up a little over half of its revenue and 73% of its gross profit for the fourth quarter of 2022.

News for Teck Resources Stock (TECK)