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Teck Resources reports Q2 revenue of CAD 2,023 million

Published 24/07/2025, 06:34
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TECK
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Investing.com -- Teck Resources Ltd (NYSE:TECK) on Thursday reported second-quarter revenue of CAD 2,023 million and adjusted EBITDA of CAD 722 million.

The company produced 109,100 tonnes of copper in the second quarter of 2025.

Teck Resources has revised its 2025 annual copper production guidance for QB to 210,000 to 230,000 tonnes, while the 2026 annual production guidance for QB remains unchanged.

The company has increased its 2025 copper capital expenditure guidance. The 2025 annual copper sustaining capital expenditure guidance has been raised to CAD 940-1,010 million from CAD 600-670 million previously.

Teck Resources also announced that the Highland Valley Copper Mine Life Extension (HVC MLE) total project capital cost is estimated to be between $2.1 and $2.4 billion.

This capital is expected to be spent between 2025 and 2028.

The company noted that the HVC MLE project capital estimate reflects the class of capital cost estimate, construction industry risks, and the potential impact of tariffs.

For the fiscal year, Teck Resources forecasts copper net cash unit costs of US$1.90 – 2.05 per pound.

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