Teck Resources Limited (TECK) reported first-quarter 2025 adjusted earnings per share (EPS) of 42 cents, beating the Zacks Consensus Estimate of 24 cents. It marked a substantial improvement from the loss of one cent per share in the year-ago quarter. This was attributed to higher base metal prices and increased sales volume of copper and zinc in concentrate.The prior-year quarter’s earnings have been adjusted by Teck Resources to reflect the sale of the steelmaking coal business or Elk Valley Resources (“E ...

Commission File Number: 001-13184 TECK RESOURCES LIMITED (Exact name of registrant as specified in its charter) Suite 3300 – 550 Burrard Street Vancouver, British Columbia V6C 0B3 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☐ Form 40-F ☒ EXHIBIT INDEX UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a ...

Teck Resources Limited (NYSE:TECK) Q1 2025 Earnings Conference Call April 24, 2025 11:00 AM ET Company Participants Emma Chapman - VP, IR Jonathan Price - CEO Crystal Prystai - CFO Conference Call Participants Orest Wowkodaw - Scotiabank Liam Fitzpatrick - Deutsche Bank Carlos De Alba - Morgan Stanley Craig Hutchison - TD Cowen Myles Allsop - UBS Matthew Murphy - BMO Capital Markets Lawson Winder - Bank of America Securities Bill Peterson - JPMorgan Operator Welcome to Teck Resources Limited's first quarter ...

April 24, 2025 CAUTION REGARDING FORWARD-LOOKING STATEMENTS FIRST QUARTER 2025 CONFERENCE CALL Both these slides and the accompanying oral presentation contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "a ...

分组1 - Teck Resources Ltd reported quarterly earnings of $0.42 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, but down from $0.56 per share a year ago, representing a 75% earnings surprise [1] - The company posted revenues of $1.6 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.10%, compared to $2.96 billion in revenues a year ago [2] - Teck Resources has surpassed consensus EPS estimates in all four of the last quarters [2] 分组2 - The stock has underperformed the market, losing about 13.9% since the beginning of the year, while the S&P 500 declined by 8.6% [3] - The current consensus EPS estimate for the coming quarter is $0.23 on revenues of $1.63 billion, and for the current fiscal year, it is $1.42 on revenues of $7.33 billion [7] - The Mining - Miscellaneous industry, to which Teck Resources belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, indicating potential challenges ahead [8]

Group 1: Teck Resources Ltd (TECK) - TECK shares increased by 15% to $33.40, following a significant trading volume, contrasting with a 24.6% loss over the past four weeks [1] - The rise in TECK shares coincided with a 6.3% increase in copper futures for May delivery, reaching $4.40 per pound, after U.S. President Trump paused a reciprocal tariff package for 90 days [1] - The consensus EPS estimate for TECK's upcoming quarterly report is $0.25, reflecting a year-over-year decline of 55.4%, with expected revenues of $1.6 billion, down 45.8% from the previous year [2] Group 2: Earnings Estimates and Trends - Over the last 30 days, the consensus EPS estimate for Teck Resources has been revised 1.8% higher, indicating a potential for price appreciation [3] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] - The correlation between earnings estimate revisions and stock price movements highlights the importance of monitoring TECK for potential future strength [3] Group 3: Piedmont Lithium Inc. (PLL) - Piedmont Lithium's consensus EPS estimate has increased by 50% over the past month to -$0.46, representing a year-over-year change of 24.6% [4] - Piedmont Lithium also holds a Zacks Rank of 3 (Hold), indicating a similar neutral outlook as TECK [4]

Core Insights - Teck Resources Ltd (TECK) is positioned to continue its earnings-beat streak, having achieved an average surprise of 36.11% over the last two quarters [1][2] Earnings Performance - For the most recent quarter, Teck Resources reported earnings of $0.33 per share, exceeding the expected $0.22 per share, resulting in a surprise of 50% [2] - In the previous quarter, the company reported $0.44 per share against an expectation of $0.36 per share, leading to a surprise of 22.22% [2] Earnings Estimates and Predictions - Estimates for Teck Resources have been trending higher, supported by its history of earnings surprises [5] - The company currently has a positive Earnings ESP of +11.26%, indicating increased analyst optimism regarding its near-term earnings potential [8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat [8] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7] Future Outlook - Teck Resources is expected to release its next earnings report on April 24, 2025 [8]

[Table_Main] 铜企五大要素变化趋势与股东回报 ——海外 16 家年报全扫描 事件描述 根据现有已披露年报的 16 家海外铜企（必和必拓、自由港、智利国家铜业、 南方铜业、嘉能可、英美资源、力拓、安托法加斯塔、俄镍、泰克资源、第一 量子、伦丁矿业、淡水河谷、顶石铜业、巴里克黄金、哈铜 KAZ等），我们 对其产量、资源量、储量、成本、战略规划等进行分析。 事件点评 2024 年海外样本企业并购/勘探在路上。根据 S&P，2024 年样本铜企合计资 源量同比+2%，合计储量同比+4%，实现的主要方式为并购或勘探。并购方 面，近 2 年，必和必拓和顶石铜业在并购市场上较为活跃。勘探方面，力拓 2024 年勘探投入同比+9%，其中铜的勘探占 36%，为最大勘探投入部分；安 托法加斯塔也在 2024 年通过棕地开发实现了增储。 2024 年海外头部铜企产量基本满足预期。2024 年矿产铜产量合计为 1204.3 万吨，同比+16.3 万吨，同比增速为 1.4%。从产量指引兑现度来看，2024 年 实际合计产量基本和 2024 年初的产量指引一致。 展望 2025 年样本铜企产量较为稳定，给予铜价基本面支撑。根 ...

Core Viewpoint - Teck Resources Limited reported strong fourth-quarter 2024 results, with adjusted earnings per share (EPS) of 33 cents, exceeding expectations and showing significant improvement from the previous year [1][2]. Financial Performance - Adjusted EPS for 2024 was $1.91, surpassing the Zacks Consensus Estimate of $1.63, while the company reported a restated adjusted EPS of 41 cents for 2023 [10]. - Net sales for Q4 2024 reached $1.99 billion, a 47% year-over-year increase, exceeding the consensus estimate of $1.86 billion [3]. - Gross profit for Q4 was CAD$542 million ($387 million), a remarkable 256.6% increase from the previous year, with a gross margin of 19.5% compared to 8.2% a year ago [3][4]. - The adjusted EBITDA for Q4 was CAD$835 million ($596 million), up 160% year-over-year, with an EBITDA margin of 30% [4]. Segment Performance - The Copper segment's net sales rose 46.6% year-over-year to CAD1.67 billion ($1.19 billion), driven by higher production and prices, with total copper production reaching a record 122,100 tons, an 18.4% increase [5]. - The Zinc segment's net sales increased 58.6% year-over-year to CAD$1.11 billion ($0.79 billion), attributed to improved prices and sales volumes [6]. Cash Flow and Balance Sheet - The company generated a cash flow of CAD$1.29 billion ($0.92 billion) from operating activities in Q4 2024, a 14.4% increase year-over-year [8]. - Cash and cash equivalents at the end of 2024 were CAD$7.59 billion ($5.12 billion), significantly up from CAD$0.7 billion at the end of 2023, largely due to the sale of the steelmaking coal business [8]. Guidance - Teck Resources anticipates copper production between 490,000 and 565,000 tons and zinc production between 525,000 and 575,000 tons for the upcoming period [9]. Stock Performance - The company's shares have increased by 7.5% over the past year, contrasting with a 1.5% decline in the industry [11].

Financial Data and Key Metrics Changes - Teck Resources Limited generated $2.9 billion in adjusted EBITDA for 2024, more than double the previous year, with Q4 adjusted EBITDA increasing by 160% to $835 million compared to the same period last year [10][28] - The company returned $1.8 billion in cash to shareholders in 2024, including $514 million in dividends and $1.25 billion in share buybacks [8][29] - The company reduced its debt by $2.5 billion in 2024, including $275 million in Q4, and maintained a net cash position of $2.1 billion as of December 31, 2024 [10][48] Business Line Data and Key Metrics Changes - Copper production reached a record 446,000 tons in 2024, a 50% increase from the prior year, with Q4 production increasing to 60.7 thousand tons from 52.5 thousand tons in Q3 [10][20] - Zinc production at Red Dog improved, with increased production and a 16 US cents per pound reduction in net cash unit costs [11][39] - The copper segment's gross profit before depreciation and amortization more than doubled to $732 million in Q4 compared to the same period in 2023 [32] Market Data and Key Metrics Changes - Copper and zinc sales volumes each increased by 24% from Q4 of 2023, driven by strong base metals prices and higher sales volumes from the ramp-up of QB and Red Dog [30] - The company expects copper production to grow to between 490,000 and 565,000 tons in 2025, reflecting ongoing ramp-up at QB and improved grades at Highland Valley [25][36] - Zinc in concentrate production is expected to decline to 525,000 to 575,000 tons in 2025, down from 616,000 tons in 2024 [42] Company Strategy and Development Direction - Teck Resources Limited is repositioning as a pure-play energy transition metals company focused on copper and zinc following the sale of its steelmaking coal business [8] - The company is advancing near-term copper growth projects, including the MyLife Extension at Highland Valley and greenfield projects at Zafranal and San Nicolas, aiming for significant production increases by the end of the decade [26][55] - The capital allocation framework balances investment in growth with returns to shareholders, committing to return between 30% and 100% of available cash flows [46] Management's Comments on Operating Environment and Future Outlook - The management highlighted robust demand for copper and zinc driven by economic growth, urbanization, and electrification, despite global economic uncertainties [58][59] - The company is closely monitoring potential impacts from tariffs and trade restrictions, noting that any tariffs imposed by the US are not expected to materially affect its business [60][62] - Management expressed confidence in achieving production guidance and operational excellence while maintaining a strong focus on cost discipline [63][64] Other Important Information - Teck Resources Limited maintained a low high potential incident frequency of 0.12% across its operations in 2024, emphasizing its commitment to safety and sustainability [16] - The company received recognition for its sustainability leadership, being named one of Canada's top 100 employers for the eighth consecutive year [18] Q&A Session Summary Question: Can you provide an update on the QB2 ramp-up and its performance post-shutdown? - Management indicated that the ramp-up is progressing well and is in line with operational plans, with confidence in achieving the 2025 guidance range [70][72] Question: How does the capital allocation framework reconcile with potential M&A opportunities? - Management emphasized a focus on value creation for shareholders, with a strong balance sheet and ongoing share buybacks while also considering organic growth projects [84][87] Question: What is the status of the Highland Valley life extension project? - Management is in the final phases of the environmental assessment process and remains confident in obtaining necessary approvals [110] Question: How is the company addressing the cash flow situation at Trail? - Management highlighted cost reduction efforts and the strategic importance of Trail, particularly in the context of current market conditions and the production of critical metals [135][136]