Improved Profitability
Teck's profitability improved compared to the same period last year with $722 million of adjusted EBITDA, a 3% increase from the previous year.
Strong Zinc Segment Performance
The zinc segment showed strong performance with Red Dog sales above guidance and significant improvement in net cash unit costs. Gross profit before depreciation and amortization increased by 137% to $159 million.
Highland Valley Copper Mine Life Extension Project Sanctioned
The Board sanctioned the Highland Valley Copper Mine Life Extension project, which is expected to double copper production by the end of the decade with an IRR far surpassing the cost of capital.
Significant Cash Returns to Shareholders
Teck returned a total of $1.1 billion to shareholders year-to-date through dividends and share buybacks, completing approximately 70% of the authorized $3.25 billion buyback.
Recognition for Sustainability Efforts
Teck was named as one of Corporate Knights 2025 Best 50 Corporate Citizens in Canada for the 19th consecutive year.