Teck Resources Reports Strong Q3 2026 Results Driven by Record Copper Prices
Teck Resources (TECK) delivered a robust third quarter in 2026, reporting an adjusted EBITDA of CAD 2.3 billion, a 97% increase year-over-year. This surge was primarily fueled by record copper prices and lower smelter processing charges. Revenue reached CAD 4.5 billion, supported by higher production volumes and significantly improved realized commodity prices. The company demonstrated strong cost discipline in its copper segment, lowering annual copper cost guidance to a range of $1.80 to $2.00 per pound. Despite these gains, Teck faced operational headwinds including severe weather events at Quebrada Blanca and a labor strike at Highland Valley. However, the company maintains a healthy liquidity position with CAD 10.9 billion in total available funds.
Tickers: $TECK
Topics: Commodity Prices Copper Production EBITDA Revenue Zinc Production