Teck Resources Stock Price, News & Analysis

Agnico Eagle Mines (AEM) and Teck Resources (TECK) have finalized their joint venture for the San Nicolás copper-zinc project in Zacatecas, Mexico. Agnico Eagle will invest US$580 million for a 50% stake in Minas de San Nicolás (MSN), which is aimed at advancing project development and permitting. Both companies will collaborate on an Environmental Impact Assessment and a feasibility study, expected to complete in early 2024. This venture supports Teck's strategy in copper growth and allows Agnico to leverage its expertise in Mexico's premier mining jurisdiction.

Forward-looking statements indicate possible challenges related to permitting and mineral estimation, which may impact timelines and project execution.

Agnico Eagle and Teck Resources announced a joint venture for the San Nicolás copper-zinc project in Zacatecas, Mexico. Agnico Eagle will invest US$580 million for a 50% stake, which will cover initial project costs. The project boasts an estimated 105.2 million tonnes of mineral reserves, with first production expected in 2026. Governance will be shared equally, leveraging both companies' mining expertise. Completion of a feasibility study is set for early 2024.

Halliburton (NYSE: HAL) has signed an agreement with Teck Resources Limited (NYSE: TECK) to provide access to Neftex® Predictions, enhancing Teck's global mineral exploration capabilities. The Neftex® Predictions platform delivers comprehensive geological frameworks for subsurface evaluation, thereby increasing exploration accuracy and reducing risks. Teck, a major Canadian mining firm, focuses on sustainable mining of copper, zinc, and coal, alongside energy investments across North America and South America.

Teck Resources has announced key executive appointments to enhance leadership and operations following several retirements. Alejandro Vásquez will oversee South American operations as Vice President, while Justine Fisher takes the role of Vice President and Treasurer, managing global treasury operations. Amber Johnston-Billings will focus on communities and government affairs, and Jeff Hanman has been appointed Vice President, Office of the CEO, to support corporate strategy. Lastly, Doug Brown leads Corporate Affairs, ensuring effective communication and ESG engagement.

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced that its President and CEO, Don Lindsay, will present at the Morgan Stanley Virtual 8th Annual Laguna Conference on September 17, 2020, at 11:15 AM Eastern. The presentation will cover the company's strategy, financial performance, and business outlook. Investors can join the fireside chat via a webcast, accessible through Morgan Stanley and Teck's official website.

Teck Resources Limited (NYSE: TECK) has announced the restart of the second Fort Hills train, aiming for production up to 120,000 barrels per day by year-end. Production guidance has been narrowed to approximately 105,000-115,000 barrels per day, with Teck's share being 21.3%. Additionally, unit operating costs are reduced by CAD$2 per barrel, now expected to range from CAD$35 to CAD$38. The company maintains its capital spending at $85 million, down from $175 million, while continuing to monitor market conditions for potential adjustments.

Teck Resources has announced a non-binding agreement with Westshore Terminals for shipping steelmaking coal post-March 31, 2021. The agreement proposes annual shipment volumes between 5 and 7 million tonnes, contributing to a total of 32.25 million tonnes. This arrangement aims to enhance shipping flexibility, reduce costs, and improve performance through upgrades at Neptune and Ridley Terminals. However, the deal remains subject to final documentation, and specific financial terms are undisclosed.