TECK Stock Recent News

VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced that it has completed the sale of its remaining 77% interest in the steelmaking coal business to Glencore plc. Teck received total cash proceeds of US$7.3 billion, subject to customary closing adjustments.

VANCOUVER, British Columbia, July 10, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will release its second quarter 2024 earnings results before market open on Wednesday, July 24, 2024.

Teck Resources (TECK) completes the sale of its steelmaking coal business, which should enable it to focus on growing its copper growth projects.

Glencore PLC (LSE:GLEN) has received final regulatory approval for its acquisition of 77% of the coking coal business Elk Valley Resources (EVR) from Teck Resources. This was the final regulatory approval for the transaction, which is now expected to close on 11 July 2024.

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.

VANCOUVER, British Columbia, June 26, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) has been named as one of Corporate Knights' 2024 Best 50 Corporate Citizens in Canada. This marks the 18th consecutive year Teck has been named as one of the Best 50 companies by Corporate Knights.

Teck Resources Ltd (TSX:TECK.B)'s sale of its interest in EVR to Glencore marks its shift into a pure-play base metals miner, boosting its balance sheet strength and potential for capital returns, according to analysts who also see potential undervaluation in its shares. The move also positions the company favorably in terms of its organic growth pipeline, according to analysts.

Class B shares of  mining and mineral development company Teck Resources Ltd (NYSE:TECK) might be 0.5% lower at $51.46 this afternoon, but they're hovering near yesterday's intraday high of $52.45 -- the stock's highest mark since May 2011.