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Teck Resources Posts Strong 2025 Copper and Zinc Output, Trims 2026 Antamina Zinc Guidance

Story Highlights
  • Teck delivered 2025 copper and zinc production at or above guidance, supported by strong fourth-quarter operations.
  • The company reaffirmed 2026–2028 guidance, cutting only Antamina’s 2026 zinc output forecast while keeping copper targets intact.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Teck Resources Posts Strong 2025 Copper and Zinc Output, Trims 2026 Antamina Zinc Guidance

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The latest update is out from Teck Resources ( ($TSE:TECK.B) ).

On January 20, 2026, Teck Resources reported unaudited production and sales figures for the fourth quarter and full year 2025, highlighting solid operational performance across its copper and zinc assets and the release of its Q4 2025 financial results scheduled for February 18, 2026. Annual copper production for 2025 reached 453,500 tonnes, within guidance, with Quebrada Blanca contributing 190,000 tonnes despite a year-end inventory build-up caused by adverse weather and sea conditions that pushed some shipments into early 2026. Zinc in concentrate output totaled 565,000 tonnes and refined zinc 229,900 tonnes, both at the high end of guidance, while positive settlement pricing adjustments of about US$295 million are expected for the fourth quarter due to stronger base metal prices. Teck reaffirmed its existing 2026–2028 production and unit cost guidance for all Teck-operated sites, with the only change being a reduction in 2026 zinc-in-concentrate guidance from Antamina due to an updated mine plan, underscoring both operational stability and modestly lower future zinc volumes at that asset but no change to its copper outlook.

The most recent analyst rating on ($TSE:TECK.B) stock is a Buy with a C$78.00 price target. To see the full list of analyst forecasts on Teck Resources stock, see the TSE:TECK.B Stock Forecast page.

Spark’s Take on TSE:TECK.B Stock

According to Spark, TipRanks’ AI Analyst, TSE:TECK.B is a Neutral.

Teck Resources’ overall score is driven by strong earnings call highlights, including a strategic merger and improved financial performance. However, concerns about valuation and cash flow management, along with operational challenges, temper the outlook.

To see Spark’s full report on TSE:TECK.B stock, click here.

More about Teck Resources

Teck Resources Limited is a diversified Canadian mining company headquartered in Vancouver, focused primarily on the production of copper and zinc, including both concentrate and refined zinc. Its portfolio includes large-scale operations such as Quebrada Blanca and Highland Valley Copper in copper, Red Dog and Antamina in zinc concentrates, and Trail Operations in refined zinc, supplying global industrial and infrastructure demand for base metals.

Average Trading Volume: 1,062,125

Technical Sentiment Signal: Buy

Current Market Cap: C$34.33B

Find detailed analytics on TECK.B stock on TipRanks’ Stock Analysis page.

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