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Teck Resources ( ($TSE:TECK.B) ) has issued an update.
Teck Resources Limited reported its unaudited fourth-quarter results for 2024, highlighting a year of transformation with record copper production and the sale of its steelmaking coal business. The company returned $1.8 billion to shareholders in 2024 and reduced its debt by $1.8 billion, achieving a strong financial position that supports its long-term growth strategy. Teck’s Quebrada Blanca (QB) project ramped up effectively, contributing to record quarterly copper production, and the company has set ambitious targets for 2025. Teck also achieved notable profitability and revenue growth in its copper and zinc businesses, while maintaining a low High-Potential Incident Frequency rate, and received recognition for its workplace and sustainability efforts.
More about Teck Resources
Teck Resources Limited is a company based in Vancouver, British Columbia, primarily focused on energy transition metals, with significant operations in copper production.
YTD Price Performance: 4.35%
Average Trading Volume: 2,578,484
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $21.75B
For a thorough assessment of TECK.B stock, go to TipRanks’ Stock Analysis page.
