Teck Resources Ltd. today announced its unaudited third quarter results for 2022. "In the third quarter, we delivered another consecutive quarter of strong financial results, while returning cash to shareholders and maintaining a robust balance sheet. We also recently announced three value generating transactions that advance our strategy of pursuing industry-leading copper growth and rebalancing our portfolio of [...]
Teck Resources Ltd. announced today it has agreed to sell its 21.3% interest in the Fort Hills Energy Limited Partnership and certain associated downstream assets to Suncor Energy Inc. 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 [...]
Royal Inland Hospital Foundation and Teck Resources Ltd. are joining today to celebrate the beginning of construction of the new Teck Emergency Department at Royal Inland Hospital . 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. The Teck Emergency [...]
Teck Resources Ltd. 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. "This significant achievement builds on Teck's long-standing focus on responsible mining and reflects our employees' passion for caring for nature in the areas where they live and work," said Jonathan Price [...]
Teck Resources Ltd. and SAAM Towage today announced an agreement to deploy two electric tug boats at Neptune Terminal in Vancouver, British Columbia 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. Under the agreement, SAAM will furnish two ElectRA 2300 SX tugs commencing operation during the second half of 2023 [...]
Teck Resources Ltd. today provided unaudited third quarter 2022 steelmaking coal sales volumes and realized prices. Our third quarter steelmaking coal sales were 5.6 million tonnes, within our revised guidance of 5.5 - 5.9 million tonnes. The realized steelmaking coal price in the third quarter averaged US$304 per tonne. We expect to report negative provisional pricing adjustments of $191 million in the third quarter due [...]
BCIT and Teck Resources Ltd. today announced that Teck is contributing $5 million to the BCIT INSPIRE Campaign. The donation, which represents the second-largest total contribution to the campaign to date, will support campus redevelopment and new teaching and learning innovations as well as expand the use of antimicrobial copper across BCIT's campuses. Of Teck's contribution, $1.4 million was provided in capital funding [...]
Teck Resources Ltd. 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 [...]
Agnico Eagle Mines Ltd. and Teck Resources Limited announced today that Agnico Eagle has agreed to subscribe for a 50% interest in Minas de San Nicolás. As a result of the Transaction, Teck and Agnico Eagle will become 50/50 joint venture partners at San Nicolás. "San Nicolás is a high-quality project, located in a leading mining jurisdiction, with high grades, extremely competitive capital intensity, and first quartile [...]
Agnico Eagle Mines Ltd. and Teck Resources Ltd. 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. , a wholly-owned Teck subsidiary which owns the San Nicolás copper-zinc development project located in Zacatecas, Mexico . As a result of the Transaction, Teck and Agnico Eagle will become 50/50 joint venture partners at San Nicolás. "San Nicolás is a [...]
Teck Resources Ltd. will release its third quarter 2022 earnings results before market open on Thursday, October 27, 2022. A webcast to review the results will be held as follows: Date: Thursday, October 27, 2022 Time: 8:00 a.m. PT / 11:00 a.m. ET Listen-Only Webcast: teck.com Dial In for Investor & Analyst Q&A: 416.915.3239 or 1.800.319.4610 Quote "Teck Resources", to join the call An archive of the webcast will be [...]
Thompson Rivers University and Teck Resources Ltd. 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. Through Teck's Copper & Health program, Teck is installing more than 650 antimicrobial copper surfaces at three key buildings on the Kamloops campus: Old Main, the Campus Activity Centre and the Chappell [...]