Teck Resources Ltd.

Teck Resources Ltd. reported adjusted EBITDA of $608 million for the first quarter of 2020 compared with $1.4 billion a year ago. Adjusted profit attributable to shareholders was $94 million compared with $587 million a year ago. “Our current focus is on managing the risks around COVID-19 and ensuring we have the necessary measures in place to safeguard our people and our local communities,” said Don Lindsay, President [...]

Teck Resources Ltd. announced today that it will pay an eligible dividend of $0.05 per share on its outstanding Class A common shares and Class B subordinate voting shares on June 30, 2020, to shareholders of record at the close of business on June 15, 2020. About Teck Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking [...]

Teck Resources Ltd. today announced the creation of a $20-million fund to support COVID-19 response and future recovery efforts. This funding will go to support critical social initiatives and increased healthcare capacity, including procuring one million masks to be donated for healthcare in British Columbia. Don Lindsay, Teck President and CEO said: “The global health crisis posed by COVID-19 is unlike anything [...]

Teck Resources Ltd. will release its first quarter 2020 earnings results on Tuesday, April 21, 2020 before market open. The company will hold an investor conference call to discuss the first quarter 2020 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Tuesday, April 21, 2020. The conference call dial-in is 416.340.2216 or toll free 800.273.9672, no pass code required. Media are invited to attend on [...]

Teck Resources Ltd. announced today that Compania Minera Antamina, in which Teck has a 22.5% interest along with BHP , Glencore and Mitsubishi Corporation , has temporarily suspended operations at the Antamina mine as part of its response to COVID-19. The Peruvian Government has allowed Antamina to change out its previously reduced workforce, which has been in place at site since the Peruvian national state of emergency [...]

Teck Resources Ltd. announced today that in light of the ongoing global COVID-19 pandemic and the temporary closure of the original venue described in the Notice of Meeting dated February 28, 2020 previously sent to shareholders, the annual meeting of shareholders scheduled for Tuesday, April 21, 2020 will now be held at Teck’s head office in Vancouver located at Suite 3300 – 550 Burrard Street. As previously advised, in [...]

Teck Resources Ltd. today provided an update on Q1 2020 operations, preventative measures taken with respect to COVID-19 and updated its 2020 annual guidance. “Notwithstanding the challenges in the month of March related to COVID-19, all of our operations remain in production and our steelmaking coal results significantly exceeded guidance,” said Don Lindsay, President and CEO. “We remain focused on ensuring we have the [...]

Teck Resources Ltd. today announced an update to its capital estimate for the Quebrada Blanca Phase 2 project. At sanction in December 2018, the estimated escalated capital cost of the project was US$5.2 billion1. The updated estimate remains at US$5.2 billion2, and the go forward funding requirement from April 1, 2020 is estimated at US$ $3.9 billion3, assuming a CLP/USD rate of 775 over the remainder of the project [...]

Teck Resources Ltd. announced today that it is postponing its Teck?s 2019 Sustainability Review conference call, previously scheduled for 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time on April 1, 2020. The call will be rescheduled at a later date. The QB2 Project Update and annual Business Review remains scheduled for 1:00 p.m. to 2:00 p.m. Eastern Time/ 10:00 a.m. to 11:00 a.m. Pacific Time on April 1, 2020. The [...]

Teck Resources Ltd. announced that in light of depressed prices for Western Canada Select, and to reduce negative cash flow from Fort Hills, the Partners in the Fort Hills limited partnership have decided to temporarily operate Fort Hills as a single train facility. Assuming ongoing production at Fort Hills on this basis through the balance of 2020, Suncor, as operator, advises that it now expects Fort Hills production to [...]