Company Performance - Teck Resources Ltd reported quarterly earnings of $0.33 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, but down from $1.02 per share a year ago, representing an earnings surprise of 50% [1] - The company posted revenues of $1.99 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 7.35%, but down from $3.02 billion year-over-year [2] - Over the last four quarters, Teck Resources has surpassed consensus EPS estimates three times and topped consensus revenue estimates only once [2] Stock Movement and Outlook - Teck Resources shares have increased approximately 5.4% since the beginning of the year, outperforming the S&P 500's gain of 4.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the coming quarter is $0.27 on revenues of $1.63 billion, and for the current fiscal year, it is $1.53 on revenues of $7.32 billion [7] Industry Context - The Mining - Miscellaneous industry, to which Teck Resources belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Teck Resources' stock performance [5][6]

Core Viewpoint - Teck Resources Limited has undergone a significant transformation in 2024, positioning itself as a pure-play energy transition metals company following the sale of its steelmaking coal business and achieving record copper production [2] Financial Performance - In Q4 2024, Teck reported revenues of CAD 2,786 million, a 51% increase from CAD 1,843 million in Q4 2023 [5] - Gross profit for Q4 2024 was CAD 542 million, compared to CAD 152 million in Q4 2023, marking a substantial improvement [5] - Adjusted EBITDA for Q4 2024 reached CAD 835 million, significantly up from CAD 321 million in the same quarter last year [6] - Profit from continuing operations attributable to shareholders was CAD 385 million in Q4 2024, a recovery from a loss of CAD 167 million in Q4 2023 [6] Production Highlights - Teck achieved record copper production of 122,100 tonnes in Q4 2024, contributing to an annual total of 446,000 tonnes, which is a 50% increase from 2023 [6][10] - The copper business generated a gross profit before depreciation and amortization of CAD 732 million in Q4 2024, up 160% year-over-year [6] - Zinc production also saw significant growth, with gross profit before depreciation and amortization reaching CAD 320 million in Q4 2024, a 112% increase from the previous year [6] Shareholder Returns - The company returned CAD 1.8 billion to shareholders in 2024 through share buybacks and dividends, with CAD 549 million executed in Q4 alone [6] - As of February 19, 2025, Teck completed CAD 1.45 billion of its authorized CAD 3.25 billion buyback program [6] Debt Management - Teck reduced its debt by USD 196 million in Q4 2024 and by USD 1.8 billion over the entire year [6] - The company's liquidity as of February 19, 2025, stood at CAD 11.3 billion, including CAD 7.1 billion in cash [6] Future Guidance - For 2025, Teck expects copper production to increase to between 490,000 and 565,000 tonnes, with a focus on ramping up operations at Quebrada Blanca [10][11] - Zinc production guidance for 2025 is set between 525,000 and 575,000 tonnes [11]

Teck Resources Limited (TECK) announced fourth-quarter and 2024 production and sales volumes.TECK’s Production & Sales UpdateIn the fourth quarter of 2024, Teck Resources sold 124,900 tons and produced a record 122,100 tons of copper. The company’s annual copper production came in at 446,000 tons, within its guidance of 420,000-455,000 tons. The upside in production was driven by the ramp-up of Quebrada Blanca, which achieved design throughput rates by the end of 2024. Fourth-quarter 2024 sales and producti ...

VANCOUVER, British Columbia, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided select unaudited fourth quarter 2024 production and sales volumes, annual production volumes for 2024, as well as operational and capital guidance for 2025 and production guidance for 2026 to 2028. Our fourth quarter 2024 financial results are scheduled for release on February 20, 2025. Overview of 2024 Teck underwent a significant portfolio transformation in 202 ...

VANCOUVER, British Columbia, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Colin Hamilton as Vice President, Market Research and Economic Analysis, effective February 17, 2025. “We are very pleased to welcome Colin to Teck,” said President and CEO Jonathan Price. “With vast market experience in the mining and metals sector and a globally renowned reputation for thought leadership and innovation in commodity analysis, ...

Stratos Capital Partners (S.C) was established in 2017 by a small team of professionals from the investment industry with a deep passion for financial markets, macroeconomics, and investment strategy. S.C.'s original goal was to focus exclusively and extensively on the research & development of algorithmic trend-following strategies. The implications of our research over the years have not only strengthened our conviction for systematic strategies but have also led to the profound evolution of our philosoph ...

Teck Resources (TECK) has entered into an option and joint venture agreement with Grid Metals Corp. to explore and develop the Mawka nickel project in southeastern Manitoba, Canada.  Per the deal, TECK has the option to acquire up to 70% interest in the project in two stages. For this, Teck Resources will have to make a total cash payment of CAD$1.6 million ($1.12 million) and fund a total of CAD$15.7 million ($11.02 million) in expenditures. This will be made in different stages by TECK through 2025-2031.T ...

VANCOUVER, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Emma Chapman as Vice President, Investor Relations, effective December 1, 2024. Ms. Chapman succeeds Fraser Phillips, who will retire in early 2025. “Emma’s extensive experience in the mining sector and in investor relations, investment banking and corporate finance make her ideally suited to lead our work to engage with investors around the w ...

VANCOUVER, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has released its 2024 Climate Change and Nature Report, which for the first time combines the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD) with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD) to deliver an integrated report covering both climate and nature-related aspects of our business. “This report detai ...

Core Viewpoint - Teck Resources Limited is set to present its strategy for enhancing shareholder value and plans to increase copper production to 800,000 tonnes per year by the end of the decade during its 2024 Strategy Day on November 5, 2024 [1][2] Financial Performance - Teck has reduced its debt by $2.3 billion year-to-date in 2024 and currently holds a net cash position of $1.8 billion [2] - The company has returned $5.3 billion to shareholders since 2019, including over $0.9 billion in share buybacks in 2024, with an additional $2.3 billion in authorized buybacks ongoing [2] Growth Strategy - Planned investments of $3.2 to $3.9 billion over the next four years will focus on four key near-term copper projects, expected to boost copper production to approximately 800 kilotonnes per annum [2] - Quebrada Blanca optimization (Teck 60% owner, Chile) aims for a 15-25% production increase at a capital cost of $100-200 million [2] - Highland Valley Copper Mine Life Extension (Teck 100% owner, Canada) will extend the mine's life to the mid-2040s with an estimated life-of-mine production of 137 ktpa at a capital cost of $1.3-1.4 billion [2] - Zafranal Project (Teck 80% owner, Peru) is positioned for a sanction decision in H2 2025, with expected production of 126 ktpa copper and significant gold value at a capital cost of $1.5-1.8 billion [2] - San Nicolás Project (Teck 50% owner, Mexico) is a low-cost copper-zinc project with estimated production of 63 ktpa copper and 147 ktpa zinc, with a funding requirement of $0.3-0.5 billion [2] Production Outlook - Teck's copper production is projected to increase from 297 kilotonnes in 2023 to a potential 420-455 kt in 2024 and 510-590 kt in 2025 [2]