Teck(US:TECK) Zhi Tong Cai Jing·2025-10-22 11:33Core Viewpoint - Teck Resources (TECK.US) reported a significant profit increase of nearly 20% in Q3, driven by rising metal prices that offset production disruptions at its major copper mine in Chile [1] Financial Performance - Adjusted core earnings rose to CAD 1.17 billion (approximately USD 836 million), up from CAD 986 million in the same period last year, attributed to higher copper and zinc prices and increased by-product revenue [1] - Q3 revenue increased by 18% year-over-year to CAD 3.38 billion [1] Production Challenges - Teck Resources faced difficulties in ramping up production at its Quebrada Blanca mine in the Andes, Chile [1] - The company maintained its original production guidance for the Quebrada Blanca mine despite recent production cuts [1] - Copper production at the mine fell nearly 25% year-over-year to 39,600 tons, with September output at only 5,600 tons due to a 20-day shutdown [1] Strategic Context - The company is set to be acquired by Anglo American, creating one of the largest mining companies globally, positioning it as a key supplier amid growing copper demand [1] - Teck is restructuring its tailings facilities, which is currently impacting production, with the aim of achieving higher long-term output targets [1]