Edition:
India

Teck Resources Ltd (TECKb.TO)

TECKb.TO on Toronto Stock Exchange

21.95CAD
16 Aug 2019
Change (% chg)

$-0.18 (-0.81%)
Prev Close
$22.13
Open
$22.15
Day's High
$22.27
Day's Low
$21.80
Volume
1,349,842
Avg. Vol
1,439,480
52-wk High
$34.31
52-wk Low
$21.80

Latest Key Developments (Source: Significant Developments)

Teck Resources Reports Q2 Revenues $3.14 Bln Versus $3.02 Bln
Thursday, 25 Jul 2019 

July 25 (Reuters) - Teck Resources Ltd ::TECK REPORTS UNAUDITED SECOND QUARTER RESULTS FOR 2019.UPDATED CAPITAL ALLOCATION POLICY AND INCREASED SHARE BUY-BACK BY $600 MILLION TO $1.0 BILLION.PROFIT ATTRIBUTABLE TO SHAREHOLDERS WAS $0.41 PER SHARE FOR Q2 OF 2019.Q2 ADJUSTED PROFIT ATTRIBUTABLE TO SHAREHOLDERS WAS $0.81 PER SHARE.TECK RESOURCES - IMPLEMENTING OUR RACE21 EFFICIENCY PROGRAM TO GENERATE AN INITIAL $150 MILLION IN ANNUALIZED EBITDA IMPROVEMENTS BY END OF 2019.TECK RESOURCES - CONTINUE TO REVIEW ADDITIONAL INITIATIVES, WILL PROVIDE GUIDANCE ON FURTHER POTENTIAL EBITDA IMPROVEMENTS FOR 2020 IN FEBRUARY 2020.Q2 REVENUES $ 3.14 BILLION VERSUS $3.02 BILLION LAST YEAR.TECK RESOURCES- AMENDED 2019 GUIDANCE FOR CAPITAL EXPENDITURE, OPERATING COST FOR COPPER & ZINC BUSINESS UNITS & PRODUCTION IN STEELMAKING COAL BUSINESS UNIT.QTRLY STEELMAKING COAL SALES 6.4 MILLION TONNES VERSUS 6.6 MILLION TONNES.QTRLY STEELMAKING COAL PRODUCTION 6.4 MILLION TONNES VERSUS 6.3 MILLION TONNES.EXPECTS STEELMAKING COAL FY 2019 PRODUCTION TO BE BETWEEN 25.5 MILLION TONNES AND 26.0 MILLION TONNES.CONTINUE TO EXPECT 2019 COPPER PRODUCTION TO BE IN THE RANGE OF 290,000 TO 310,000 TONNES.TECK RESOURCES- ALL FIGURES IN C$.  Full Article

Teck Announces Share Buyback Increase To $1 Bln And Redemption Of $600 Mln Principal Amount Of Notes
Friday, 31 May 2019 

May 30 (Reuters) - Teck Resources Ltd ::TECK ANNOUNCES SHARE BUYBACK INCREASE TO $1 BILLION AND REDEMPTION OF US$600 MILLION PRINCIPAL AMOUNT OF NOTES.TECK-WILL APPLY ADDITIONAL $600 MILLION OF CASH ON HAND TO REPURCHASE CLASS B SUBORDINATE VOTING SHARES UNDER PREVIOUSLY ANNOUNCED NORMAL COURSE ISSUER BID PROGRAM.TECK RESOURCES - ISSUED NOTICE OF REDEMPTION TO REDEEM, ON JUNE 29, 2019, ALL OF $600 MILLION PRINCIPAL AMOUNT OF OUTSTANDING 8.5% NOTES DUE IN JUNE 2024.$400 MILLION OF SHARE REPURCHASES PREVIOUSLY ANNOUNCED IN NOVEMBER 2018 ARE NOW COMPLETE.CO WILL NOT PROCEED WITH MACKENZIE REDCAP EXTENSION AT CARDINAL RIVER STEELMAKING COAL OPERATION.TECK WILL HAVE NO SIGNIFICANT NOTE MATURITIES DUE UNTIL 2035.  Full Article

Teck Resources Sets Dividend Of C$0.05 Per Share
Wednesday, 13 Feb 2019 

Feb 12 (Reuters) - Teck Resources Ltd ::SETS DIVIDEND OF C$0.05PER SHARE.  Full Article

Teck Announces $0.15 Dividend And $400 Million Share Buyback
Friday, 16 Nov 2018 

Nov 16 (Reuters) - Teck Resources Ltd ::TECK ANNOUNCES $0.15 DIVIDEND AND $400 MILLION SHARE BUYBACK.TECK-BOARD DIRECTED MANAGEMENT TO APPLY $400 MILLION TO REPURCHASE OF CLASS B SUBORDINATE VOTING SHARES UNDER PREVIOUSLY ANNOUNCED NORMAL COURSE ISSUER BID PROGRAM.  Full Article

Newmont Acquires 50 Percent Stake In Galore Creek Project In British Columbia
Thursday, 26 Jul 2018 

July 26 (Reuters) - Newmont Mining Corp ::NEWMONT ACQUIRES 50 PERCENT STAKE IN GALORE CREEK PROJECT IN BRITISH COLUMBIA.NEWMONT MINING CORP - NOVAGOLD AGREEMENT ENCOMPASSES A STAGED AND CONTINGENT INVESTMENT OF $275 MILLION.NEWMONT MINING - AGREEMENTS TO BUY 50 PERCENT INTEREST IN GALORE CREEK PARTNERSHIP FROM NOVAGOLD RESOURCES, TO FORM PARTNERSHIP WITH TECK RESOURCES.NEWMONT MINING - NOVAGOLD DEAL HAS INITIAL PAYMENT OF $100 MILLION; PAYMENT OF $75 MILLION ON EARLIER OF PREFEASIBILITY STUDY COMPLETION/3 YRS FROM CLOSING.  Full Article

Teck Reports Q4 Adjusted Profit $1.21 Per Share
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - Teck Resources Ltd ::TECK REPORTS UNAUDITED FOURTH QUARTER RESULTS FOR 2017.ADJUSTED PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF $700 MILLION ($1.21 PER SHARE) IN THE FOURTH QUARTER‍​.PROFIT ATTRIBUTABLE TO SHAREHOLDERS WAS $760 MILLION ($1.32 PER SHARE) IN THE FOURTH QUARTER.QTRLY REVENUES C$ 3.2 BILLION VERSUS C$ 3.56 BILLION YEAR AGO.REALIZED U.S. DOLLAR STEELMAKING COAL PRICES INCREASED BY 7% FROM THE THIRD QUARTER OF 2017.TECK RESOURCES - ANNUAL PRODUCTION FROM 2019 TO 2021 IS EXPECTED TO BE HIGHER THAN 2018, DESPITE THE CLOSURE OF COAL MOUNTAIN OPERATIONS MID-2018.EXPECTING SALES VOLUMES IN THE FIRST QUARTER OF 2018 TO BE IN THE RANGE OF 6.3 TO 6.5 MILLION TONNES.PLAN TO MAKE AN EQUITY INVESTMENT OF $85 MILLION FOR PORT UPGRADES AT NEPTUNE TERMINALS IN 2018.‍STEELMAKING COAL PRODUCTION IN 2018 IS EXPECTED TO BE BETWEEN 26 AND 27 MILLION TONNES​.TOTAL DEBT AS OF DECEMBER 31, 2017 WAS $5.1 BILLION.‍QTRLY STEELMAKING COAL PRODUCTION 6.9 MILLION TONNES VERSUS 7.3 MILLION TONNES​.QTRLY STEELMAKING COAL SALES 6.4 MILLION TONNES VERSUS 6.9 MILLION TONNES.FORT HILLS PRODUCED ITS FIRST OIL ON JANUARY 27 AND REMAINS ON TRACK TO REACH 90% OF CAPACITY BY THE END OF 2018.EXPECT 2018 COPPER PRODUCTION TO BE IN THE RANGE OF 270,000 TO 285,000 TONNES, SLIGHTLY LOWER THAN 2017 PRODUCTION LEVELS‍​.Q4 AVERAGE REALIZED STEELMAKING COAL PRICE OF US$170 PER TONNE WAS US$207 PER TONNE ‍​.  Full Article

Teck Resources Says Operations Will Continue During Expected Strike
Wednesday, 13 Dec 2017 

Dec 12 (Reuters) - Teck Resources Ltd ::TECK RESOURCES - UNION OF WORKERS OF QUEBRADA BLANCA INDICATED THAT IT MAY PROCEED WITH STRIKE ACTION AS EARLY AS DEC 13.TECK RESOURCES LTD - OPERATIONS WILL CONTINUE DURING A STRIKE AND WE DO NOT ANTICIPATE AN IMPACT ON OVERALL PRODUCTION.  Full Article

Teck Updates Steelmaking Coal Guidance
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Teck Resources Ltd ::TECK UPDATES STEELMAKING COAL GUIDANCE.TECK RESOURCES - STEELMAKING COAL SALES VOLUMES FOR Q4 REMAIN IN LINE WITH PREVIOUS GUIDANCE OF ABOUT 6.5 MILLION TONNES.TECK RESOURCES LTD - ‍ TECK EXPECTS TO REALIZE AN AVERAGE PRICE, FOR ALL TONNES SOLD IN Q4, OF APPROXIMATELY US$165 TO $170 PER TONNE​.  Full Article

Teck announces dividend and share buyback
Friday, 17 Nov 2017 

Nov 16 (Reuters) - Teck Resources Ltd :Teck announces dividend and share buyback.Teck Resources - ‍board approved distribution of cash to shareholders through supplemental dividend of $0.40 per share.Teck Resources - ‍board also approved distribution of cash to shareholders through a share repurchase mandate equivalent to additional $0.40 per share​.Teck Resources - to apply additional $230 million to repurchase of class B subordinate voting shares through March 31, 2018.Teck says ‍normal course issuer bid program authorizes co to purchase up to 20 million class B subordinate voting shares through period ending Oct 9, 2018​.  Full Article

Teck extends maturity dates of bank credit facilities
Wednesday, 1 Nov 2017 

Oct 31 (Reuters) - Teck Resources Ltd :Teck extends maturity dates of bank credit facilities.Says ‍maturity date of $3 billion facility has been extended from July 2020 to October 2022​.Says ‍maturity date of $1.2 billion facility has been extended from June 2019 to October 2020​.  Full Article

PRESS DIGEST- Canada-July 26

July 26 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.