Teck Resources (TECK) “announced the following actions to reinforce its commitment to performance and delivery: Comprehensive Operations Review, launched in August, focused on improving performance with a detailed QB action plan, identifying opportunities to enhance operating practices, and reinforcing confidence that future business plans are both reasonable and achievable. Onboarded industry veteran as Special Advisor to the CEO to help accelerate QB tailings management facility development and drive operational performance. Defer sanctioning of major growth projects until QB achieves steady-state operations and ramp-up targets. The Comprehensive Operations Review, launched in August, includes detailed assessments of operating plans, input from third-party experts, and rigorous execution tracking. The Comprehensive Operations Review is expected to conclude by October 2025, with resulting updates to our previously disclosed guidance communicated no later than Teck’s Q3 results.”
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