Teck Resources LimitedNYSE: TECK

VANCOUVER, British Columbia, July 04, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the commencement of six separate offers (the “Offers”) to purchase for cash up to US$1,250,000,000 aggregate principal amount of its outstanding notes of the series listed in the table below (collectively, the “Notes”). Subject to the Maximum Purchase Condition (as defined below), the series of Notes that are purchased in the Offers will be based on the acceptance priority levels (each, an “Acceptance Priority Level”) set forth in the table below. If a given series of Notes is accepted for purchase pursuant to the Offers, all Notes of that series that are validly tendered will be accepted for purchase. No series of Notes will be subject to proration pursuant to the Offers.

Proceeds will go towards reducing debt, funding copper growth, and returning cash to shareholders Proceeds will go towards reducing debt, funding copper growth, and returning cash to shareholders

VANCOUVER, British Columbia, July 04, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided unaudited second quarter 2024 steelmaking coal sales volumes and realized prices.

Teck Resources Ltd's Class B shares are down 0.5% to $51.46 today, but are close to yesterday's peak of $52.45, the highest level since May 2011.

Teck Resources has seen impressive growth since we recommended a "Strong Buy". Within three months, TECK has gained a total return of 23.2%. Our forecast predicts copper prices could increase by 40% to US$6.50/pound, matching previous bull markets. Additionally, TECK is considered one of the top pure-play copper producers globally and could be a desirable acquisition target.

Teck Resources' first quarter results were affected by increased costs, reduced sales volumes of steelmaking coal, and lower prices for copper and zinc.

Teck Resources Ltd (TECK) reported quarterly earnings of $0.56 per share, falling short of the Zacks Consensus Estimate of $0.72 per share. This is lower than the earnings of $1.32 per share from the same period last year.

VANCOUVER, British Columbia, April 05, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will release its first quarter 2024 earnings results before market open on Thursday, April 25, 2024.

Teck Resources (TECK) witnesses a year-over-year decline in the sales volume of steelmaking coal. However, the average realized price of steelmaking coal sees an uptick.