TECKNYSEMining & Quarrying of Nonmetallic Minerals (No Fuels)US GAAP · USD

Teck Resources Ltd

Teck Resources Ltd. is a Canadian resource company focused on the extraction and development of base metals, with a portfolio centered on copper and zinc and related by-products. Its operations and projects are spread across North and South America, combining operating mines, development assets, and mineral exploration.

Liikevaihto10,8mrd USD
+18,7 %v/v
Liikevoitto (EBIT)2 248milj. USD
+25 077,8 %v/v
EBIT-marginaali20,9%
+21,0 %-yks.v/v
Nettotulos1 072milj. USD
+278,8 %v/v
Vapaa kassavirta−359milj. USD
−168,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−505101520mrd USD2020: 8,9 mrd USD2020: EBIT −0,91 mrd USD20202021: 13,5 mrd USD2021: EBIT 4,9 mrd USD20212022: 17,3 mrd USD2022: EBIT 7,0 mrd USD20222023: 15,0 mrd USD2023: EBIT 4,4 mrd USD20232024: 9,1 mrd USD2024: EBIT −0,01 mrd USD20242025: 10,8 mrd USD2025: EBIT 2,2 mrd USD202510,82,2
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Copper60 %

Copper concentrates and related production from operating mines and development projects.

Zinc30 %

Zinc concentrates and associated metal production from mining operations.

By-products and other metals8 %

Molybdenum, gold, silver, and other metals recovered alongside main ore streams.

Development and exploration2 %

Mine development, project expansion, and mineral exploration activity.

Asiakkaat

Teck sells mined metals into industrial supply chains that use copper and zinc as inputs for infrastructure, electrification, construction, and manufacturing. Its customer base typically includes smelters, refiners, traders, and large industrial buyers that purchase concentrate or refined metal under long-term and spot-market arrangements. Demand is driven by end-use metal consumption rather than consumer branding, so pricing and offtake conditions are tied closely to global commodities markets.

Smelters and refiners

Buy copper and zinc concentrates for processing into refined metal.

Commodity traders

Purchase metal output and manage global marketing and logistics.

Industrial end users

Use copper and zinc indirectly in construction, energy, and manufacturing.

Joint venture and project partners

Participate in mine development, asset ownership, or operating arrangements.

Strategia

Teck’s strategy is built around copper and zinc assets that can supply metals needed for electrification, infrastructure, and industrial growth. The company emphasizes responsible growth, operational resilience, and advancing its copper growth pipeline while maintaining trust with stakeholders in operating regions.

Copper growth pipelineKeskipitkä aikaväli

Copper is central to electrification and offers long-duration growth potential.

Responsible growthLyhyt aikaväli

Permitting, stakeholder trust, and ESG performance are critical for mine continuity and expansion.

Portfolio resiliencePitkä aikaväli

A mix of operating mines and development assets helps balance commodity and operational cycles.

Maantiede

Teck’s operating footprint spans North and South America, with a Canadian headquarters and major mining assets in the Americas. The company’s geography matters because metal output, permitting, logistics, labor, and community relations are all shaped by local jurisdictions and infrastructure access. Export-oriented sales also expose the business to cross-border shipping routes, taxes, and regulatory frameworks in multiple countries.

Riskit

Teck’s results are exposed to commodity-price volatility, mine-operating risk, and changes in permitting or environmental regulation. Because the business depends on large long-life assets in multiple jurisdictions, disruptions to production, logistics, labor, or community relations can materially affect output and development timelines.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Commodity price volatility1Permitting and regulatory change2Operational and safety incidents3Foreign exchange and macroeconomic volatility4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Commodity price volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Sales are tied to copper and zinc market prices, which can move sharply with global demand and supply.

    Kohdistuu: Copper and zinc concentrates

  2. Permitting and regulatory changeVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Mining projects require sustained approvals and compliance across multiple jurisdictions.

    Kohdistuu: Mine development and expansions

  3. Operational and safety incidentsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Large open-pit and underground mining assets are exposed to equipment, geotechnical, and safety risks.

    Kohdistuu: Operating mines

  4. Foreign exchange and macroeconomic volatilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Costs, debt service, and asset values can be affected by currency and interest-rate movements.

    Kohdistuu: Multinational operations

Kirjanpito

Harkinnanvaraiset erät
Impairment indicators and reversals

Mine values depend on commodity prices, reserves, and project economics, so write-downs or reversals can be significant.

Vaikutus: Long-lived asset carrying values

Recoverable reserves and resources

Reserve estimates drive depreciation, amortization, and mine-life assumptions.

Vaikutus: Depreciation and asset valuation

Decommissioning and restoration provisions

Closure obligations are estimated over long time horizons and are sensitive to discount rates and site plans.

Vaikutus: Liabilities and operating expense

Streaming transactions

Metal streaming arrangements can change how cash flows and revenue-like economics are recognized.

Vaikutus: Revenue presentation and asset accounting

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026