Core Viewpoint - Teck Resources Limited reported its fourth-quarter and annual production and sales volumes for 2025, showing solid performance in copper and zinc production, while reaffirming its production guidance for the upcoming years [2][3]. Production and Sales Summary - In Q4 2025, Teck Resources sold 118,600 tons and produced 134,100 tons of copper, with annual copper production totaling 435,500 tons, aligning with the guidance of 415,000-465,000 tons [2]. - Zinc production in Q4 2025 was 108,600 tons, with sales reaching 157,200 tons, and annual production of zinc was 565,000 tons, meeting the company's expectations [2]. - Refined zinc production for Q4 2025 was 68,100 tons, while sales were 59,400 tons, with annual refined zinc production at the higher end of guidance at 230,000 tons [3]. Stock Performance - Teck Resources' shares have increased by 24.5% over the past year, in contrast to the industry's growth of 49% [4]. Industry Performance - Endeavour Silver Corp. reported a 143% increase in silver-equivalent production in Q4 2025, driven by the addition of the Kolpa operation [6]. - First Majestic Silver Corp. achieved a total production of 7.8 million silver-equivalent ounces in Q4 2025, marking a 37% year-over-year increase attributed to a 77% surge in silver production [7][8]. Zacks Rank and Comparisons - Teck Resources holds a Zacks Rank of 2 (Buy), while Agnico Eagle Mines has a Zacks Rank of 1 (Strong Buy) [9]. - The consensus estimate for Agnico Eagle Mines' 2025 earnings is $7.77 per share, indicating an 83.6% year-over-year growth, with shares having surged 107.6% in a year [10].
Teck Resources Reports '25 Sales & Production Performance