VANCOUVER, British Columbia, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today announced the appointment of Lyndon Arnall as Executive Vice President and Chief Legal and Sustainability Officer, effective November 1, 2024. Mr. Arnall will succeed Charlene Ripley, who has confirmed her intention to retire at the end of this year. "Lyndon brings to this role extensive experience in corporate law in the mining sector and beyond, as well as experience an ...

VANCOUVER, British Columbia, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") noted today that one of four sections of the Trail Operations' Electrolytic Zinc Plant has been shut down following a localized fire on September 24. There were no injuries and there are no expected environmental impacts as a result of the fire. Production from the other three sections of the Electrolytic Zinc Plant continues at Trail Operations as does production of lead and ...

VANCOUVER, British Columbia, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today announced a new business structure to support its shift to a pure-play energy transition metals company focused on growth. "This new structure will ensure Teck is optimally positioned to operate safely, efficiently and responsibly while capitalizing on profitable growth opportunities and enhancing value for our shareholders and all stakeholders," said Jonathan Price, Pres ...

Teck Resources (TECK) reported second-quarter 2024 adjusted earnings per share (EPS) of 58 cents, which surpassed the Zacks Consensus Estimate of 47 cents by a margin of 23%. The bottom line marked a 37% plunge from earnings of 91 cents per share reported in the year-ago quarter. Gains from increased copper sales from QB, elevated copper prices and higher steelmaking coal sales volumes were offset by lower steelmaking coal prices. Finance and depreciation and amortization expenses increased year over year, ...

Fraser Phillips - Senior Vice President, Investor Relations and Strategic Analysis Jonathan Price - Chief Executive Officer Crystal Prystai - Chief Financial Officer Shehzad Bharmal - Senior Vice President, Operations Karla Mills - Head, Project Ian Anderson - Chief Commercial Officer Robin Sheremeta - President, Coal Business Unit Conference Call Participants Orest Wowkodaw - Scotiabank Lucas Pipes - B. Riley Securities Jackie Przybylowski - BMO Capital Markets Liam Fitzpatrick - Deutsche Bank Timna Tanner ...

Profitability (C$M) • At Trail, lead circuit shutdown for KIVCET boiler replacement, completed on time / within budget Highlights in Q2 2024 vs. Q2 2023 • Closed the sale of the remaining interest in Elk Valley Resources (EVR) on July 11th, 2024 after interest and finance charges, lease payments and Capital Structure Committed Growth Capital Share Buybacks additional buybacks will be considered regularly distributions to non-controlling interests − Estimated attributable capital cost of US$3.3-3.6B (C$4.5-4 ...

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.52 on $2.17 billion in revenues for the coming quarter and $2.05 on $10.32 billion in revenues for the current fiscal year. This quarterly report represents an earnings surprise of 23.40%. A quarter ago, it was expected that this company would post earnings of $0.72 per share when it actually produced earnings of $0.56, delivering a surprise of -22.22 ...

Reconciliation of Gross Profit Before Depreciation and Amortization CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS Adjusted cash cost of sales – Adjusted cash cost of sales for our copper and zinc operations is defined as the cost of the product delivered to the port of shipment, excluding depreciation and amortization charges, any onetime collective agreement charges or inventory write-down provisions and by-product cost of sales. It is common practice in the industry to exclude depreciation and amorti ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Teck Resources Ltd (TECK) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. Zacks Consensus Estimate Revenues are expected to be $2.9 billion, up 10.6% from the year-ago quarter. Investors should keep in mind that the ...

The Offers were made upon the terms and subject to the conditions set forth in the Offer to Purchase dated July 4, 2024 relating to the Notes (the "Offer to Purchase") and the notice of guaranteed delivery attached as Appendix A thereto (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. According to information provided by Global Bon ...