Teck (TECK) Q2 2025 Earnings Call Transcript
Image source: The Motley Fool.
Need a quote from one of our analysts? Email [email protected]
Teck Resources (NYSE:TECK) reported a year-over-year increase in adjusted EBITDA for Q2 2025 and highlighted a robust capital return program, with approximately 70% of its authorized share buyback executed as of Q2 2025. The company sanctioned the Highland Valley Copper mine life extension project, raising its capital estimate to CAD2.1 billion–CAD2.4 billion to account for inflation, contingencies, and accelerated equipment procurement, and described this investment as foundational for its ambition to double copper production by decade’s end. Management addressed operational setbacks at QB, reducing copper production guidance for 2025 due to TMF issues and forecasting incremental unit costs of approximately $0.10 per pound due to alternate shipping logistics after a ship loader outage in Q2 2025, while asserting these constraints should be resolved by year-end. The company’s zinc segment delivered substantial profit growth in Q2 2025, and management emphasized disciplined cost management, resilient balance sheet strength, and maintained investment-grade credit status. Strategic project advances were noted across the portfolio, with Zafranal and San Nicolas targeted for sanction readiness and all major labor agreements now secured through multi-year terms.
Source Fool.com
