Teck Resources (TECK) Bounces Back to 52-Week High on Strong Production Results

Core Viewpoint - Teck Resources Ltd. (NYSE:TECK) experienced a significant rebound, reaching a 52-week high of $54, driven by strong production results and a reaffirmed growth outlook for 2026 [1][3]. Production Performance - Annual zinc in concentrate production reached 565,000 tons, at the higher end of the guidance range of 525,000 to 575,000 tons, primarily sourced from the Red Dog zinc mine in Alaska [2]. - Copper production totaled 453,500 tons, within the guidance range of 415,000 to 465,000 tons, mainly produced at the Quebrada Blanca site and Highland Valley Copper [3]. - In Q4, copper production was 134,100 tons, exceeding the 118,600 tons sold, due to inventory build-up at Quebrada Blanca caused by weather and sea conditions [4]. Future Outlook - Teck Resources reaffirmed its copper production guidance for 2026 at 95,000 to 105,000 tons for the Antamina site [5].