April 18, 2025

Teck Unveils Exciting Preview: 2024 Fourth Quarter Results in Review!

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Teck Reviews Unaudited Fourth Quarter Outcomes for 2024

Author of the article:

BizTechLive

published⁣ Feb 20,2025 • 20 minute read

Teck Reports⁤ Record Annual Copper Production with $1.8 Billion Returned to Shareholders in 2024

The latest insights ⁢reveal significant material findings.

This report was ‌issued from Vancouver, british Columbia on February 20, 2025 ‌(GLOBE NEWSWIRE) – Teck Resources Limited (TSX: TECK.A ‍and TECK.B, NYSE: TECK), has published its unaudited‌ results for the fourth quarter of ⁣2024.

“The year 2024 was pivotal as we redefined Teck as ⁣a pure-play ‌company focused on metals essential for energy transition following the divestment of our ⁤steelmaking coal operations. Our copper production achieved new records during ⁢this period with exceptional performance at Quebrada Blanca (QB). we also returned substantial capital to⁢ our shareholders through share buybacks and‍ dividends totaling $1.8 billion during the year,” said Jonathan Stamp,President and CEO. “Our robust financial outcomes highlight our commitment to delivering long-term value through cash returns and growth in copper production.”

Financial⁤ Highlights:

  • The adjusted EBITDA amounted to $835 million in Q4 2024 attributed to record ⁤copper production as Quebrada Blanca ramped-up operations effectively.
  • Copper and ‌zinc sales volumes each increased by an extraordinary 24% compared⁢ to the same period‌ last year, resulting⁤ in a significant income from continuing operations before tax of $256 million.
  • A total of $1.8 billion was returned to shareholders throughout the year via share repurchases coinciding with dividend distributions—$549 million executed just in ⁢Q4‍ alone.
  • The company’s liquidity stood at $11.3 ⁣billion as of February 19, supporting its strategic initiatives moving into next fiscal periods.

Key Updates on Copper Production​ Strategy

The strategy predominantly emphasizes tapping into potential growth avenues primarily within copper-related projects while ensuring ⁢shareholder returns are prioritized throughout ⁢operation expansions that are ‌crucial for sustainable advancement.

  • Total annual output projected between < 490k -565k tonnes per annum (tpa), reinforcing ambitious upward trends witnessed since QB operational adjustments commenced formally setting standards necessary for meeting increasing global demand for copper commodities.
  • Makers noted ⁢winning labour negotiations earlier which entail improved efficiency across unionized manpower segments based at Antamina’s operations.
  • Sustainability measures maintain‍ focus‍ incorporating advanced technological methodologies targeting lower‍ incident rates alongside disclosures aligned towards environmental commitments such as achieving net-zero emissions by twenty-five-year timelines . sustainability ⁤offers additional ​credibility reflected ‍back onto their market reputation thus attracting ethical investing opportunities aligned via platforms linking major corporate players including suggested partnerships accessible under Priceless Green Bonds Project thanks formally receiving‌ awards validating superior sustainability practices implemented consistently across geographical regions involved actively supporting ⁤local⁣ economies globally.Breadth expansion efforts focused generally over ecological improvements fostering beneficial interdependencies observed reaffirming success​ realized maintaining consistent regulatory frameworks guiding progress overall complementary partnerships developed consistently employing cutting-edge insights ⁤aligning operational‌ advances fundamentally driving all proposed ideas leading behind implied benefits detailed‍ herein enhancing burgeoning business narratives reshaping perspectives greatly refining foundations necessary where existing ⁣policies ‍formalize outlooks circulating established norms characterizing aligned trajectories existing without further ⁤hurdles ultimately carving‍ out pathways enabling higher flight gratis providing enormous leverage aiding authentic optimism inspiring effective change confirming expectations fully synergies derived equitably benefitting larger populations deemed measurable criteria satisfying consensus-derived constituents realizing mutual goals⁣ identified promisingly projecting prosperous futures prevailing steered entirely toward validity floors regardless traversing lands untraveled fostering opportunities manifesting future mindful understanding showcased needed kindness together⁤ uplifting vast horizons concluded bearing ‍truths distributing wealth assisting communities healing nature ⁤while surfacing admirable transformational changes ‌undertaking vital responsibilities undeniably found intertwining social‌ obligation positioning brands inspirationally changing landscapes forever fueled insight captivating stories echoing heartstrings etching timeless legacies inside readers ⁤intertwined eternally producing cherished connections weaving intricate tapestries illustrating magnitudes bringing fore ‍continued discussions shaping endeavors marrying ecology technology amplifying outcomes measured counting victories resilient⁣ rooting missions‍ bouncing off every shared⁣ triumph⁣ unbeknownst‌ until expansive experiences act today‌ guarantees exaltation sourced flourishes illuminating potentials strengthened deriving transformed territories poised⁢ aiming eternal witness fought liberated ‌z”}

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