Teck Resources Secures Environmental Approval for Highland Valley Copper Mine Extension

An update from Teck Resources ( ($TSE:TECK.B) ) is now available.

On June 17, 2025, Teck Resources Limited announced that it received an Environmental Assessment Certificate from the B.C. Government for its Highland Valley Copper Mine Life Extension project. This decision is pivotal for extending the life of Canada’s largest copper mine, which will bolster the North American critical minerals supply chain and contribute significantly to local employment and economic activity. The project is expected to create approximately 2,900 jobs during construction and sustain around 1,500 direct jobs post-construction, with an annual GDP contribution of $500 million. The mine’s life is anticipated to extend to the mid-2040s, with a final construction sanction decision expected in the third quarter of 2025.

The most recent analyst rating on ($TSE:TECK.B) stock is a Buy with a C$88.00 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 stock score reflects strong operational performance and revenue growth, supported by a solid balance sheet. However, high valuation and profitability concerns, coupled with production and geopolitical risks, 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 leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. The company has a portfolio of world-class copper and zinc operations across North and South America and is known for its industry-leading copper growth pipeline. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange and the New York Stock Exchange.

Average Trading Volume: 1,588,010

Technical Sentiment Signal: Sell

Current Market Cap: C$26.47B

For a thorough assessment of TECK.B stock, go to TipRanks’ Stock Analysis page.