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Teck Resources (TECK) Exits Coal to Focus on Copper, Stock Up
ZACKS· 2024-07-15 23:45
Shares of Teck Resources Limited (TECK) have gained 2% after the company sold its 77% stake in its steelmaking coal business, Elk Valley Resources (“EVR”), to Glencore plc (GLNCY) , signaling a full exit from coal. The $7.3 billion proceeds from the sale will be used to pay down debt, return cash to shareholders and invest in growing TECK's copper portfolio.Background of the SaleOn Nov 13, 2023, Teck Resources announced that it agreed to sell its steelmaking coal business for an implied enterprise value of ...
Teck Announces Dividend
GlobeNewswire News Room· 2024-07-12 02:19
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· 2024-07-12 01:03
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. About TeckTeck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Tec ...
Teck to Release Second Quarter 2024 Results on July 24, 2024
GlobeNewswire News Room· 2024-07-11 06:09
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. A webcast to review the results will be held as follows: Date:Wednesday, July 24, 2024Time:8:00 a.m. PT / 11:00 a.m. ETListen-Only Webcast:hereDial In for Investor & Analyst Q&A:647.484.8814 or 1.844.763.8274  Quote “Teck Resources”, to join the callAlternate, pre-register to ...
Teck(TECK) - 2024 Q1 - Earnings Call Transcript
2024-04-26 01:13
Teck Resources Limited (NYSE:TECK) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Fraser Phillips - Senior Vice President, Investor Relations & Strategic Analysis Jonathan Price - Chief Executive Officer Crystal Prystai - Senior Vice President, Corporate Controller & Chief Financial Officer Robin Sheremeta - President, Coal Business Unit Shehzad Bharmal - Senior Vice President, Base Metals Ian Anderson - Chief Commercial Officer Conference Call Participants Orest Wowkodaw - ...
Teck(TECK) - 2024 Q1 - Earnings Call Presentation
2024-04-26 01:03
First Quarter 2024 Conference Call April 25, 2024 Global Metals and Mining Conference Caution Regarding Forward-Looking Statements Both these slides and the accompanying presentation contain certain forward- looking information and forward- looking statements as defined inapplicable securities laws (collectively referred to as forward-looking statements). These forward-looking statements relate to future events or our future performance. All statements other than statements of historical fact are forward-lo ...
Teck(TECK) - 2023 Q4 - Earnings Call Transcript
2024-02-23 09:11
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 Q3 - Earnings Call Transcript
2023-10-24 23:14
Teck Resources Ltd (NYSE:TECK) Q3 2023 Earnings Call Transcript October 24, 2023 8:00 AM ET Company Participants Fraser Phillips - SVP, IR & Strategic Analysis Jonathan Price - CEO & Director Crystal Prystai - SVP, Corporate Controller & CFO Red Conger - EVP, COO, President & Director Shehzad Bharmal - SVP, Base Metals Tyler Mitchelson - SVP, Copper Growth Conference Call Participants Orest Wowkodaw - Scotiabank Liam Fitzpatrick - Deutsche Bank Dalton Baretto - Canaccord Genuity Christopher LaFemina - Jeffe ...
Teck(TECK) - 2023 Q1 - Quarterly Report
2023-04-04 00:00
Table of Contents Exhibit 99.1 Notice of Meeting and Management Proxy Circular Annual and Special Meeting of Teck Resources Limited to be held on April 26, 2023 Table of Contents Notice of Annual and Special Meeting of Shareholders of Teck Resources Limited When: Where: April 26, 2023, 12:00 p.m. (Pacific Time) Metropolitan Ballroom, Terminal City Club, 837 W. Hastings St., Vancouver, British Columbia And virtually at: https://virtual-meetings.tsxtrust.com/1447 At the annual and special meeting of sharehold ...
Teck(TECK) - 2022 Q4 - Annual Report
2023-02-21 00:00
EXHIBIT 99.2 News Release For Immediate Release Date: February 21, 2023 23-15-TR Teck to Spin Off Steelmaking Coal Business to Shareholders Separation creates two world-class, independent companies: Teck Metals and Elk Valley Resources · Teck Metals – a premier, growth-oriented producer of energy transition metals · Elk Valley Resources – a pure-play, high-margin steelmaking coal producer · Teck Metals retains steelmaking coal cash flows for transition period to fund copper growth · Provides investors choic ...