Teck Reports Unaudited Third Quarter Results for 2026
Key Highlights
- ➤Adjusted EBITDA $2.3B, up 97% year over year
- ➤Adjusted profit $923M, or $1.88 per share, versus $372M
- ➤Copper production 115,700 tonnes, up 11% year over year
- ➤2026 copper net cash cost guidance reduced to US$1.80–$2.00 per pound
- ➤2026 zinc net cash cost guidance reduced to US$0.30–$0.40 per pound
Expert Statements
Jonathan Price, President and CEO of Teck Resources Limited
“Our third quarter results showcase the underlying strength of our business, with increased production, disciplined execution and record copper prices driving strong financial performance and cash generation”
Jonathan Price, President and CEO of Teck Resources Limited
“Across our copper business, we increased production, lowered unit costs and delivered strong margin growth, while our zinc business continued to contribute meaningful cash flow generation.”
Jonathan Price, President and CEO of Teck Resources Limited
“This was achieved while simultaneously dealing with severe weather events across our copper operations, prioritizing the safety of our people while maintaining solid operating performance.”
Jonathan Price, President and CEO of Teck Resources Limited
“These results further demonstrate the strong foundation from which we are advancing toward completion of the planned merger with Anglo American.”
VANCOUVER, British Columbia, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (Teck) today announced its unaudited third quarter results for 2026.
“Our third quarter results showcase the underlying strength of our business, with increased production, disciplined execution and record copper prices driving strong financial performance and cash generation,” said Jonathan Price, President and CEO. “Across our copper business, we increased production, lowered unit costs and delivered strong margin growth, while our zinc business continued to contribute meaningful cash flow generation. This was achieved while simultaneously dealing with severe weather events across our copper operations, prioritizing the safety of our people while maintaining solid operating performance. These results further demonstrate the strong foundation from which we are advancing toward completion of the planned merger with Anglo American.”
Get started
Create a free account to read the full story.