Teck Resources Limited (TECK) reported unaudited third-quarter 2026 revenue of CAD$4.517 billion, versus CAD$3.385 billion a year earlier, and profit attributable to shareholders of CAD$1.592 billion, versus CAD$281 million. Adjusted EBITDA was CAD$2.305 billion, compared with CAD$1.171 billion, and cash flow from operations was CAD$1.590 billion, compared with CAD$647 million. A CAD$667 million after-tax impairment reversal at Trail contributed to reported profit; adjusted profit attributable to shareholders was CAD$923 million versus CAD$372 million. Average copper price was US$6.40 per pound, 44% above Q3 2025.
Teck lowered 2026 copper net cash unit cost guidance to US$1.80–US$2.00 per pound and zinc net cash unit cost guidance to US$0.30–US$0.40 per pound. It expects 2026 copper production at Carmen de Andacollo at the low end of its 45,000–55,000-tonne guidance after severe weather, while Highland Valley Copper output is expected toward the high end of 115,000–135,000 tonnes. Strike action at Highland Valley Copper began October 24, 2026; operations continue at reduced capacity, and the production impact depends on its duration. Liquidity was CAD$10.9 billion at September 30, 2026, including CAD$6.7 billion in cash.
Teck Resources Limited’s Board of Directors declared an eligible dividend of $0.125 per share on its outstanding Class A common shares and Class B subordinate voting shares. Payment is scheduled for December 31, 2026, to shareholders of record at the close of business on December 15, 2026.
Teck Resources Limited (TECK) said strike action by United Steelworkers (USW) Local 7619 has commenced at its Highland Valley Copper (HVC) Operations in British Columbia. Operations are continuing at reduced capacity, and the impact on overall production depends on the duration of the labour action.
Teck said it is committed to reaching a collective agreement it describes as fair and reasonable for employees and supportive of the operation’s ongoing viability.
Teck Resources Limited (TECK) reported receiving a strike notice at Highland Valley Copper (HVC) Operations from United Steelworkers Local 7619. The notice entitles the union to begin strike action no earlier than October 24, 2026, at 8:00 a.m. PT. HVC operations continue, and contingency plans are in place to maintain safety and environmental management during labour action. The collective agreement reached the end of its term on September 30, 2026. Teck says it is committed to reaching an agreement it describes as fair and reasonable for employees and supportive of the operation’s ongoing viability.
Teck Resources Ltd. was named to the Forbes World’s Top Companies for Women 2026 list, the second time it has received the recognition. The ranking recognizes organizations highly rated by women employees and considers employer brand, public perception regarding gender equality and leadership research. Teck said it is committed to a workplace where employees feel respected, valued and supported to grow and succeed.
Teck Resources Limited will release its third-quarter 2026 results before market open on October 29, 2026. A webcast reviewing the results is scheduled for 8:00 a.m. PT, with a separate dial-in option for investor and analyst Q&A. An archive will be available at teck.com within 24 hours.
Teck Resources Limited (TECK) reports updated procedural details for its proposed merger of equals with Anglo American plc. Teck and Anglo American have agreed that, once the remaining non-Effective Date conditions precedent to the merger are fulfilled or waived, completion will occur after 11 trading days, with the effective time expected at 10:00 p.m. Vancouver time on the eleventh trading day.
A condition to completing the merger is that Anglo American declare a special dividend of approximately US$4.5 billion on its ordinary shares. Under the Arrangement Agreement this dividend was to be paid within 30 days of the merger’s Effective Date, but the parties have now agreed it will be paid within 45 days of the Effective Date. The disclosure emphasizes that the merger and dividend timing remain subject to various regulatory approvals, satisfaction of conditions precedent and other risks described in Teck’s and Anglo American’s public filings.
Teck Resources Limited received the requisite Consents from holders of each of its six series of U.S. dollar notes (maturing between 2030 and 2043) to adopt Amendments to the governing indentures. The Consent Solicitations for all Affected Notes expired at 5:00 p.m., New York City time, on August 11, 2026, and revocation rights have terminated.
Teck will pay a Consent Fee of U.S. $1.00 per U.S. $1,000 principal amount to holders who validly consented. The Amendments modify certain covenants and events of default to align them in substance with Anglo American’s debt indenture and take practical effect only if Anglo Teck elects to provide a full and unconditional Guarantee of these notes, which it is not obligated to do.
The company reiterates that the planned merger of equals with Anglo American, expected between September 2026 and March 2027, is separate from the Consent Solicitations: completion of the Merger is not a condition to the effectiveness of the Consents or to payment of the Consent Fee, and the Consent Solicitations are not a condition to completion of the Merger.
Teck Resources Limited has begun consent solicitations for several series of outstanding U.S. dollar notes maturing between 2030 and 2043, including US$142,236,000 of 3.900% notes due July 15, 2030 and US$242,528,000 of 6.250% notes due July 15, 2041. The company is seeking holder approval to amend certain covenants and events of default so they align in substance with those in Anglo American’s debt indenture.
For each series, the consent process runs until 5:00 p.m. New York City time on August 11, 2026, and requires Consents from holders of at least a majority in principal amount as of the July 31, 2026 record date. Eligible holders who validly consent and do not revoke receive a cash Consent Fee of US$1.00 per US$1,000 principal. The solicitations are being conducted in the context of a previously announced merger of equals with Anglo American, expected between September 2026 and March 2027, although completion of the merger is not a condition to the effectiveness of the Consents or the payment of the Consent Fee. If the amendments are approved, the future combined entity Anglo Teck may elect, but is not obligated, to provide a full and unconditional guarantee of the affected notes; if such a guarantee is in place, Anglo Teck’s UK and U.S. regulatory filings would be used to satisfy ongoing reporting obligations.
Teck Resources Limited and Anglo American plc outline the future Executive Leadership Team of Anglo Teck plc, the combined company to be formed through their merger. These leadership roles will take effect immediately after completion of the merger, which remains conditional on final regulatory approvals.
Completion is currently expected within the original timeline of September 2026 to March 2027. Anglo Teck is described as a future global metals and minerals business offering investors more than 70% exposure to copper, with its global headquarters in Vancouver, Canada.
The merger is expected to deliver annual pre-tax synergies of approximately US$800 million by the end of the fourth year after completion, with about 80% of that on a run rate basis by the end of the second year. Additional underlying EBITDA revenue synergies of about US$1.4 billion per year (100% basis) are targeted from 2030–2049 through operational integration of the Collahuasi and Quebrada Blanca copper operations in Chile.