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Teck Announces Pricing of Cash Tender Offers
GlobeNewswire News Room· 2024-07-15 19:32
The Offers are 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. (1) Subject to the satisfaction or waiver of the ...
Teck Resources (TECK) Exits Coal to Focus on Copper, Stock Up
ZACKS· 2024-07-15 15:45
Allocation of the Proceeds From the Deal Background of the Sale On Nov 13, 2023, Teck Resources announced that it agreed to sell its steelmaking coal business for an implied enterprise value of $9 billion. The majority stake (77%) was to be made to Glencore and 20% to Nippon Steel Corporation. The remaining 3% stake was agreed to be taken up by POSCO (PKX) . Per the agreement, on Jan 3, 2024, Nippon Steel acquired the 20% interest in EVR in exchange for its prior 2.5% interest in Elkview Operations and a pa ...
Teck Announces Dividend
GlobeNewswire News Room· 2024-07-11 18:19
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 ...
Teck Announces Completion of Steelmaking Coal Sale
GlobeNewswire News Room· 2024-07-11 17:03
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 ...
Teck to Release Second Quarter 2024 Results on July 24, 2024
GlobeNewswire News Room· 2024-07-10 22:09
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 ...
Teck(TECK) - 2024 Q1 - Earnings Call Transcript
2024-04-25 17:13
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 ...
Teck(TECK) - 2024 Q1 - Earnings Call Presentation
2024-04-25 17:03
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------|-----------------|------------|-------|---------------|----------------------|-----------------------------------------------------|------------------------------------------|-------|----------------------------------------------------------------------------------------------------| | | Realized Price | Production | | Sales Revenue | Net Cash Unit Cost* | Gross Profit before Depreciation and Amortization | Gross Profit Margin befo ...
Teck(TECK) - 2023 Q4 - Earnings Call Transcript
2024-02-23 01:11
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 ...
Teck(TECK) - 2023 Q4 - Annual Report
2024-02-22 23:08
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(TECK) - 2023 Q3 - Earnings Call Transcript
2023-10-24 15:14
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 ...