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 Q4 2020

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.

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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.

Glencore PLC

Shares in Teck Resources, the Teck Cominco of old, jumped by a chunky 19.6% on the New York Exchange on Monday, after an unsolicited bid from Glencore PLC (LSE:GLEN). It was Teck's biggest share price move in two years, and came even as it rebuffed the offer.

Glencore puts Teck into play, and with good reason

Proposed separation creates two world-class companies, unlocking a broad spectrum of opportunities to maximize long-term value for Teck shareholders Proposed separation creates two world-class companies, unlocking a broad spectrum of opportunities to maximize long-term value for Teck shareholders

Teck Announces Filing of Meeting Materials and Receipt of Interim Court Orders in Respect of Proposed Spin Off of Steelmaking Coal Business and Sunset for Dual Class Share Structure

The Canadian miner turned down an unsolicited buyout offer from global peer Glencore. That bid came barely one month after Teck announced plans to cleave itself into two separate businesses.

Why Teck Resources Stock Leaped 20% Higher Today

(Kitco News) - Teck Resources Limited (TSX: TECK.B) announced today that its board unanimously rejected an unsolicited proposal from Glencore for  $22.5 billion.

Teck rejects unsolicited $22.5 billion takeover bid by Glencore

Swiss mining giant Glencore wants to buy Vancouver-based Teck Resources. Teck dug in and spurned the offer.

Mining Stock Teck Resources Is Surging. A Larger Rival Just Made a Bid.

Glencore has received a swift rebuttal of its offer to merge with Teck Resources in an all-share deal that valued the Canadian mining giant at around US$23.2bn. Switzerland-based Glencore made its approach on 26 March, Teck said but it had been rejected unanimously by the board because of the UK-listed company's exposure to coal.

Glencore rebuffed in merger approach to Canada's Teck

Teck Resources (NYSE: TECK ) stock is on the rise Monday as investors react to news of it rejecting a takeover offer. The company received an unsolicited takeover offer from Glencore (OTCMKTS: GLNCY ).

Why Is Teck Resources (TECK) Stock Up 16% Today?

The Canadian miner said it had rejected an unsolicited takeover offer from the the Swiss-based company.

Glencore Returns to Acquisitions With Offer for Teck

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Teck Resources Ltd. TECK, +0.86% TECK.A, +1.14% TECK.B, +0.80% said Monday it rejected an unsolicited buyout offer from Glencore Plc and instead is urging shareholders to approve an already-announced separation plan of Teck Metals and Elk Valley Resources (EVR) at an April 26 meeting.

Teck Resources rejects unsolicited buyout offer from Glencore; doubles down on its separation plan

Board determines unsolicited proposal is not in the best interest of Teck Board determines unsolicited proposal is not in the best interest of Teck

Teck Board of Directors Rejects Unsolicited Acquisition Proposal

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B) (NYSE: TECK) today announced its Quebrada Blanca Phase 2 project (“QB2”) has produced its first bulk copper concentrate, as the project advances commissioning and ramps up to full production through 2023.

Teck says first copper concentrate produced at QB2 project in Chile

VANCOUVER, British Columbia, March 31, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced its Quebrada Blanca Phase 2 Project (“QB2”) has produced its first bulk copper concentrate, as the project advances commissioning and ramps up to full production through 2023.

Teck Announces First Copper at QB2 Project in Northern Chile

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VANCOUVER, British Columbia, March 29, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today a new report outlining the extremely low carbon footprint of the Special High Grade (SHG) refined zinc from its Trail Operations in British Columbia, Canada. The report, which was independently reviewed by PricewaterhouseCoopers LLP, confirmed that production of each tonne of SHG zinc from Trail Operations generates 0.93 tonnes of CO2e, or carbon dioxide equivalent, compared to the estimated global average of 3-4 tonnes of CO2e per tonne of zinc production.

Teck Trail Operations Announces Low-Carbon Refined Zinc

VANCOUVER, British Columbia, March 22, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will host a virtual investor & analyst presentation and modelling workshop for Elk Valley Resources (“EVR”) on Thursday, March 30, 2023.

Teck to Host Virtual EVR Presentation and Modelling Workshop on March 30, 2023

VANCOUVER, British Columbia, March 16, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced Teck Trail Operations has committed to the Zinc Mark. The Zinc Mark is part of the Copper Mark's multi-metals approach using the Copper Mark assurance framework, a framework which aims to promote responsible production practices and demonstrate the industry commitment to the United Nations Sustainable Development Goals.

Teck's Trail Operations Commits to the Zinc Mark

Teck Resources Ltd (TECK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Teck Resources Ltd (TECK) Upgraded to Buy: Here's Why

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VANCOUVER, British Columbia, March 16, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) announced today the release of our 22nd annual Sustainability Report, highlighting our performance in 2022 and progress on our sustainability strategy goals.

Teck Reports 2022 Sustainability Performance

Teck Resources Limited is now streamlining its business to reposition itself for the great energy transition. Teck Resources is going to split its business in two, Teck Metals and Elk Valley Resources.

Teck Resources: Exciting Change, Focused On Energy Transition

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Teck Resources' (TECK) Q4 bottom line reflects the impacts of lower metal prices, as well as inflationary pressures.

Teck (TECK) Misses on Q4 Earnings, To Spin Off Steelmaking Coal

Analysts at Stifel GMP have retained their ‘Buy' rating on Teck Resources Ltd (TSX:TCK) after the Canadian miner announced it will spin off its coal business, creating Elk Valley Resources as a pure-play, high-margin steel-making coal producer and allowing Teck to fund growth in its multi-asset copper business. In a note to clients, Stifel's analysts highlighted that Teck will retain 90% of free cash flow from its coal business until at least the end of 2028, supporting its copper business growth.

News for Teck Resources Stock (TECK)