About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Financial Performance - Teck reported strong returns to shareholders, with $720 million in Q3 2024 and over $1.3 billion year-to-date to October 23rd[8, 16] - The company achieved a net cash position of $1.8 billion, supported by $1.5 billion of debt reduction in Q3 2024[8, 22, 31] - Adjusted EBITDA increased significantly to $986 million in Q3 2024, a 136% increase compared to $417 million in Q3 2023[16, 17] - Adjusted diluted earnings per share from continuing operations rose by 275% to $0.60 in Q3 2024[16] Production and Operations - Copper production saw a 60% increase in Q3 2024, driven by the ramp-up of QB[18] - Zinc in concentrate production at Red Dog increased, contributing to overall profitability[8, 20] - Refined zinc production guidance lowered to 240-250kt due to a fire at Trail's electrolytic plant, compared to the previous guidance of 275-290kt[12] - QB copper production guidance lowered to 200-210kt for 2024 and 240-280kt for 2025[12] Guidance and Strategy - Zinc net cash unit cost guidance improved by US$0.10/lb to US$0.45–0.55/lb due to strong operational performance at Red Dog[12] - Total copper production guidance narrowed to 420-455kt from 435-500kt, reflecting lower production at Highland Valley[12] - The company is focused on energy transition metals, with 75% of the portfolio in copper and 25% in zinc[7, 29]

Teck Resources Ltd (TECK) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this company would post earnings of $0.47 per share when it actually produced earnings of $0.58, delivering a surprise of 23.40%.Over the last four quarters, the compa ...

Core Viewpoint - Teck Resources Limited is set to release its third quarter 2024 earnings results on October 24, 2024, before market opening [1] Group 1: Earnings Release Details - The earnings results will be announced at 8:00 a.m. PT / 11:00 a.m. ET [2] - A listen-only webcast will be available for investors and analysts [2] - Dial-in options for Q&A are provided, with specific numbers for participation [2] Group 2: Company Overview - Teck is a leading Canadian resource company focused on providing essential metals for economic development and energy transition [4] - The company has a portfolio of world-class copper and zinc operations across North and South America [4] - Teck is committed to responsible growth and building resilience based on stakeholder trust [4]

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, 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 ...

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 ...