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Teck Resources Limited
As of August 26, 2026 at 07:01 UTC
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About Teck Resources Limited
Teck is a base metals miner with copper and zinc operations in Canada, the United States, Chile, and Peru. After selling its metallurgical coal business, copper is now its major commodity by EBITDA contribution, followed by zinc. Teck is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low-carbon metals such as copper. It sold its oil sands business in early 2023 and its coal business in mid-2024. In September 2025, it agreed to merge with Anglo American in an all-equity deal.
TECK in Bitcoin terms
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Latest News
5 articlesTeck Resources and Anglo American have announced the executive leadership team for Anglo Teck, their merged company expected to complete between September 2026 and March 2027. Duncan Wanblad will serve as CEO with headquarters in Vancouver, Canada. The combined entity will be a top-tier global copper producer with over 70% copper exposure and is expected to deliver approximately US$800 million in annual pre-tax synergies by the fourth year post-completion.
Teck Resources Limited announced a dividend of $0.125 per share on its Class A and Class B shares, payable on September 29, 2026 to shareholders of record as of September 15, 2026. The company also reported its unaudited second quarter 2026 results.
Teck Resources Limited will release its second quarter 2026 earnings results on July 23, 2026, with a webcast and analyst Q&A session. The company has also signed an agreement with Canada Growth Fund and Canada Critical Minerals Accelerator to support strategic metals production at its Trail Smelter, and announced a merger of equals with Anglo American.
Gold prices have declined 7% year-to-date in 2026, while copper futures have surged 8% due to strong demand from AI infrastructure and defense applications. Supply constraints from deeper, lower-grade mines are creating opportunities for dominant copper producers. HudBay Minerals and Teck Resources are positioned as key beneficiaries, with HudBay focusing on aggressive North American expansion and Teck pursuing a merger with Anglo American to become a major global copper player.
Teck Resources has mailed letters of transmittal to shareholders for the court-approved merger of equals with Anglo American. Under the merger, each Teck share will be exchanged for 1.3301 Anglo American ordinary shares or exchangeable shares for eligible Canadian shareholders. The company has outlined procedures for registered and non-registered shareholders to deposit shares and elect their preferred form of consideration, with an Election Deadline to be announced at least seven business days in advance.