Teck Resources Ltd. today announced its unaudited first quarter results for 2023. "We had a positive start to the year with strong financial performance in the first quarter driven by strong commodity prices and steelmaking coal sales," said Jonathan Price, CEO. "We achieved a number of significant milestones in our copper growth strategy this [...]
Teck Resources Ltd. today issued a letter to shareholders reaffirming the strong rationale for its pending separation and responding to Glencore's latest attempt to frustrate value creation for Teck shareholders. Glencore's opportunistic proposal hasn't changed - same low value, same flawed structure, same material execution risks Teck has [...]
Teck Resources Ltd. will host a conference call to discuss Teck Metals' copper growth portfolio on Tuesday, April 18, 2023. The webcast will be held as follows: Date: Tuesday, April 18, 2023 Time: 1:30 p.m. PT / 4:30 p.m. ET Listen-Only Webcast: Join Me Dial In for Investor & Analyst Q&A: 416.915.3239 or 1.800.319.4610 Quote "Teck Resources", to [...]
Teck Resources Ltd. today issued a statement on behalf of Teck Chairman Emeritus Dr. Norman B. Keevil: "As there has been much media commentary regarding my views on the future of Teck, I would like to provide a clear statement of my perspective. My colleagues and I are proud of what we achieved through 30 years of building Teck, growing the [...]
Teck Resources Ltd. today announced certain technical and supplemental updates to the terms of Teck's proposed reorganization to separate into Teck Metals Corp. and Elk Valley Resources Ltd. to be voted on by shareholders on April 26, 2023. As described in Teck's management proxy circular dated March 23, 2023, the separation provides Teck Metals [...]
Teck Resources Ltd. today announced changes to allow for an earlier full separation of Teck Metals Corp. and Elk Valley Resources Ltd. and to maximize free cash flow available to be returned to shareholders, following approval of the separation by shareholders on April 26, 2023. As described in Teck's recent management proxy circular dated March [...]
Teck Resources Ltd. today announced that its Board of Directors has reviewed and unanimously rejected a revised unsolicited acquisition proposal from Glencore plc, received on April 11, 2023, which would see that company acquire Teck. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, Teck's Board of [...]
Teck Resources Ltd. today confirmed that it has received a revised, unsolicited, non-binding proposal from Glencore plc, which would see that company acquire Teck. Glencore's revised proposal appears to be largely unchanged, with the exception of a cash consideration alternative in lieu of shares in the proposed combined coal entity. The revised [...]
Planned separation maximizes value and unlocks a broader range of strategic opportunities Rejected Glencore proposal is not actionable and bad for Teck shareholders Board recommends shareholders vote in favour of separation and dual class amendment Investor and Analyst Conference Call at 8:00 a.m. Eastern Time Today VANCOUVER, British Columbia [...]
Teck Resources Ltd. today provided its unaudited first quarter 2023 steelmaking coal sales volumes and realized prices. "We achieved our quarterly sales guidance for steelmaking coal and continued to benefit from strong realized prices in the first quarter," said Jonathan Price, CEO. "Teck's high-margin steelmaking coal business continues to [...]
Agnico Eagle Mines Ltd. and Teck Resources Ltd. announced today that the previously announced joint venture transaction between Teck and Agnico Eagle to advance the San Nicolás copper-zinc development project has closed. Teck and Agnico Eagle have entered into a joint venture shareholders agreement whereby Agnico Eagle, through a wholly-owned [...]
Teck Resources Ltd. will release its first quarter 2023 earnings results before market open on Wednesday, April 26, 2023. A webcast to review the results will be held as follows: Date: Wednesday, April 26, 2023 Time: 8:00 a.m. PT / 11:00 a.m. ET Listen-Only Webcast: click here Dial In for Investor & Analyst Q&A: 416.915.3239 or 1.800.319.4610 Quote [...]
