VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today that its Board of Directors has declared an eligible dividend of $0.625 per share on its outstanding Class A common shares and Class B subordinate voting shares, to be paid on September 27, 2024 to shareholders of record at the close of business on September 13, 2024, consisting of the $0.125 per share base dividend and a one-time supplemental dividend of $0.50 ...

About Teck Investor Contact: Fraser Phillips Senior Vice President, Investor Relations & Strategic Analysis 604.699.4621 fraser.phillips@teck.com VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today announced that it has completed the sale of its remaining 77% interest in the steelmaking coal business to Glencore plc. Teck received total cash proceeds of US$7.3 billion, subject to customary closing adjustments. Teck is a le ...

VANCOUVER, British Columbia, July 10, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") will release its second quarter 2024 earnings results before market open on Wednesday, July 24, 2024. Date: Wednesday, July 24, 2024 Time: 8:00 a.m. PT / 11:00 a.m. ET Listen-Only Webcast: here Dial In for Investor & Analyst Q&A: 647.484.8814 or 1.844.763.8274 Quote "Teck Resources", to join the call Alternate, pre-register to the call for Q&A: registration link About Teck Teck ...

Importantly, an additional 4.5 million to 5 million tonnes of copper demand growth will flow from green expansions and refurbishment, urbanization and a growing global middle class. Moving on to the zinc market on slide 17. Zinc prices have been under pressure for most of 2023 and into Q1 2024, with prices falling a further 2% over Q4 2023. These lower prices have forced the closure of around 500,000 tonnes of mine production, which will continue through 2024. With an additional 120,000 to 150,000 tonnes lo ...

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Teck Resources Limited (NYSE:TECK) Q4 2023 Earnings Conference Call February 22, 2024 11:00 AM ET Company Participants Fraser Phillips - SVP, IR and Strategic Analysis Jonathan Price - CEO Crystal Prystai - SVP, Corporate Controller and CFO Shehzad Bharmal - SVP, Base Metals Tyler Mitchelson - SVP, Copper Growth Ian Anderson - CCO Conference Call Participants Orest Wowkodaw - Scotiabank Liam Fitzpatrick - Deutsche Bank Timna Tanners - Wolfe Research Dalton Baretto - Canaccord Genuity Carlos De Alba - Morgan ...

EXHIBIT 99.2 24-9-TR For Immediate Release Date: February 21, 2024 Teck Reports Unaudited Fourth Quarter Results for 2023 Strong fourth quarter with cash returned to shareholders and record copper production Vancouver, B.C. – Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (Teck) today announced its unaudited fourth quarter results for 2023. "We had strong fourth quarter performance across our business, generating adjusted EBITDA of $1.7 billion in the quarter, returning cash to shareholders and ...

Teck Resources Ltd (NYSE:TECK) Q3 2023 Earnings Call Transcript October 24, 2023 8:00 AM ET Orest Wowkodaw - Scotiabank Liam Fitzpatrick - Deutsche Bank Dalton Baretto - Canaccord Genuity Christopher LaFemina - Jefferies Bryce Adams - CIBC Bill Peterson - J.P.Morgan Brian Macarthur - Raymond James Fraser Phillips Jonathan Price to date. We have a line of sight to double our consolidated copper production when QB2 reaches full capacity and we continue to advance our actionable portfolio development options t ...

Financial Data and Key Metrics Changes - The company generated $1.5 billion in adjusted EBITDA for Q2 2023, with adjusted profit attributable to shareholders at $643 million or $1.22 per share on a diluted basis [51][36] - Liquidity at the end of the quarter was $7 billion, including $1.7 billion in cash [58] - The company paid $65 million in quarterly base dividends and repurchased $85 million of Class B shares [51][58] Business Line Data and Key Metrics Changes - Copper production was 64,000 tonnes, a 10% decrease compared to the same period last year due to lower grades and unplanned maintenance [38] - Zinc production at Red Dog was 134,000 tonnes, down 7% year-over-year, while refined zinc production at Trail was impacted by planned shutdowns [53] - Steelmaking coal production increased by 9% to 5.8 million tonnes compared to the same period last year, despite some operational challenges [56] Market Data and Key Metrics Changes - The company updated its annual copper production guidance to 330,000 to 375,000 tonnes, down from 390,000 to 445,000 tonnes [48] - The steelmaking coal market remains tight, with prices significantly above long-term averages due to reduced supply from key exporters [117] Company Strategy and Development Direction - The company is focused on advancing its copper growth pipeline, with significant projects like QB2 and Zafranal receiving regulatory approvals [32][63] - The company is pursuing an active portfolio management approach to maximize value from its growth pipeline, considering multiple investment criteria [65][66] - The board is evaluating options for its steelmaking coal business, aiming to maximize shareholder value while ensuring sustainability for employees and communities [60][100] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full production rates at QB2 by the end of 2023 despite recent delays [81][75] - The company anticipates inflationary pressures on unit costs but expects to manage controllable operating expenditures effectively [45][46] - The regulatory environment in Chile is viewed positively, with ongoing efforts to secure necessary permits for future projects [127] Other Important Information - The company has committed to becoming nature-positive by 2030, with significant investments in biodiversity conservation [34][35] - The company is actively engaging with stakeholders regarding the permitting process for its projects, particularly in the context of recent permit revocations [10][11] Q&A Session Summary Question: Can you provide an update on QB2 progress? - Management confirmed that QB2 faced delays in construction and commissioning but remains confident in achieving full production rates by the end of the year [81][84] Question: What is the status of the port and jetty for shipping concentrate? - The jetty work is progressing, and the company expects to ship concentrate from its port facility by the end of the year [97] Question: How does the recent tax royalty increase in Chile affect the QB2 expansion? - Management is analyzing the impact of the proposed tax changes and believes the QB2 expansion should benefit from the existing tax stability agreement [95] Question: What is the outlook for the steelmaking coal market? - The market remains tight, with demand increasing while supply struggles, leading to prices above long-term averages [117] Question: When can shareholders expect updates on the steelmaking coal business separation? - Management is actively engaged with multiple parties interested in the steelmaking coal business and aims to maximize value for shareholders [100][120]

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $2 billion for Q1 2023, with adjusted profit attributable to shareholders at $930 million, or $1.78 per share on a diluted basis [110] - The company returned $321 million to shareholders through dividends and reduced debt levels by $144 million [22] - Liquidity remains strong at $8 billion, including $2.6 billion in cash [9][22] Business Line Data and Key Metrics Changes - Copper production was lower than the same quarter last year due to harder ore, but prices remained elevated despite a decline in the quarter [114] - Steelmaking coal sales were 6.2 million tons, above the same quarter last year, with prices remaining well above historic averages [21] - Zinc production was impacted by severe weather events and unplanned maintenance, but operations returned to stability by the end of the quarter [115] Market Data and Key Metrics Changes - The company expects Q2 sales of 6.2 million to 6.6 million tons as it completes deferred sales from the previous quarter [116] - Transportation costs in Q1 reflected higher rail rates and port costs, but are expected to normalize throughout the year [10] Company Strategy and Development Direction - The company plans to separate its metals business from the steelmaking coal business to unlock greater value [5][12] - A focus on copper growth is emphasized, with the QB2 project ramping up to full production rates expected by the end of the year [110][146] - The company aims to balance growth investments with cash returns to shareholders while maintaining a strong balance sheet [145][211] Management's Comments on Operating Environment and Future Outlook - Management noted that the market recognizes the value of both the coal and metals businesses, and there is significant interest in both [18][120] - The company is committed to a simpler and more direct separation approach based on shareholder feedback [107][138] - Management remains focused on maximizing shareholder value through responsible separation and development of high-quality projects [137][197] Other Important Information - The company was recognized as one of the Global 100 most sustainable corporations for the fifth consecutive year [9] - Inflationary pressures impacted operating costs by 6% compared to the same period last year, but unit cost guidance remains unchanged [142] Q&A Session All Questions and Answers Question: What are the possible alternatives for the separation of the business? - Management indicated that they will evaluate a range of options for a simpler and more direct separation, taking into account shareholder feedback [29][152] Question: How does the company view the coal business's value? - Management believes the quality of the steelmaking coal business is well recognized, and they will explore alternatives to maximize shareholder value [149][195] Question: What is the expected timeline for the separation strategy? - Management did not provide a fixed date but emphasized the importance of engaging with shareholders to develop a proposal that meets their needs [152][156] Question: How is the company addressing staffing levels in the Elk Valley? - Management reported progress in staffing levels but noted challenges in hiring heavy-duty mechanics, which is a specific trade area [172] Question: What is the impact of new mining laws in Mexico on the San Nicolás project? - Preliminary estimates suggest that the proposed legislation will not have a material impact on the development of San Nicolás [53][207]