Teck Earns $854M Q2 Profit, Reports Copper Production up and Higher Commodity Prices
Adjusted earnings of $1.93 per share beat estimates as Teck lifted copper output nearly 25% and revenue rose to $3.61 billion.
- On Thursday, Vancouver-based Teck Resources reported second-quarter profit of $854 million, or $1.74 per diluted share, beating analyst expectations of $1.25 per share.
- Copper production rose nearly 24.6 per cent to 135,900 tons, while realized copper prices averaged $6.05 per pound, up from $4.32 a year earlier.
- Quarterly revenue surged to $3.61 billion from $2.02 billion last year, while production at the Quebrada Blanca mine in Chile increased to 55,800 tons from 52,700 tons.
- The federal government recently announced a potential equity investment of up to $400 million to support an expansion of Teck's Trail Operations facility in British Columbia.
- Shares rose nearly 6 per cent in premarket trading as Teck, currently merging with Anglo American, positions itself amid projections that global copper demand will jump 50 per cent by 2040.
22 Articles
22 Articles
Teck Trail profit surges in second quarter on higher metal prices - Greenwood Boundary Creek Times
Teck Trail Operations generated $202 million in gross profit during the second quarter of 2026, as higher metal prices and changes to the smelter’s feed strategy helped offset lower production and rising operating costs. The results were included in Teck Resources’ second-quarter report released July 22. The Trail smelting and refining complex accounted for more than 60 per cent of the $329 million in gross profit generated by Teck’s zinc busine…
Teck earns $854M Q2 profit on higher copper production, commodity prices
Teck Resources Ltd.'s profits surged more than fourfold during the second quarter, thanks in part to higher copper production and prices, as the Vancouver-based miner prepares to wrap up its combination with Anglo American PLC. Profit attributable to shareholders totalled $854 million per diluted sh...
Copper production reached 344,000 tons of copper, remaining at a level similar to the same period last year. The merger is awaiting China’s antitrust approval, which is the last pending process.
Teck Resources announced on Thursday that its second quarter profit had increased compared to the same period of the previous year, thanks to an increase in copper production and rising commodity prices.
Teck Second-Quarter Earnings Triple as Copper Prices Advance
(Bloomberg) — Canadian miner Teck Resources Ltd. reported a tripling of second-quarter earnings on higher copper prices, while reaffirming output guidance, including at its flagship Quebrada Blanca mine in Chile.
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