Teck Resources Q4 Profit Plunges; Backs FY23 Production Outlook

RTTNews | 809 days ago
Stocktwits
Teck Resources Q4 Profit Plunges; Backs FY23 Production Outlook

(RTTNews) - Teck Resources Ltd. (TECK, TECK_A.TO, TECK_B.TO) reported Tuesday that fourth-quarter profit attributable to shareholders plunged to C$247 million or C$0.47 per share from C$1.53 billion or C$2.83 per share last year.

Excluding items, adjusted profit attributable to shareholders was C$558 million or C$1.07 per share, compared to last year's profit of C$1.38 billion or C$2.54 per share.

Revenue for the quarter declined to C$3.14 billion from C$4.20 billion a year earlier.

On Saturday, the Board approved a $0.625 per share dividend, including a $0.50 per share supplemental dividend, payable on March 31, 2023 to shareholders of record on March 15, 2023, and authorized up to a $250 million share buyback.

Separately, Teck Resources announced the reorganization of its business to separate Teck into two independent, publicly-listed companies: Teck Metals Corp. and Elk Valley Resources Ltd.

Looking ahead for fiscal 2023, the company continues to project Copper production of 390 thousand tonnes to 445 thousand tonnes, and Zinc production of 645 thousand tonnes to 685 thousand tonnes.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: TCK_A.TO TECK
Stocktwits
read more
Teck Resources Rejects Unsolicited Acquisition Offer From Glencore

Teck Resources Rejects Unsolicited Acquisition Offer From Glencore

Teck Resources Ltd. (TECK, TECK.A.TO) announced Monday that the Board of Directors of Teck has received and unanimously rejected an unsolicited and opportunistic acquisition proposal from Glencore plc (GLCNF.PK, GLNCY.PK, GLEN.L), which would see that company acquire Teck and subsequently separate to create two businesses, which would expose Teck shareholders to thermal coal and oil trading.
RTTNews | 768 days ago
U.S. Dollar Declines On Trade Deal Optimism

U.S. Dollar Declines On Trade Deal Optimism

The U.S. dollar weakened against its major counterparts in the New York session on Friday as investors looked ahead to discussions between the U.S. and China scheduled for this weekend.
RTTNews | 23h 43min ago
Swiss Market Ends On Positive Note

Swiss Market Ends On Positive Note

The Swiss market closed higher on Friday as easing concerns about trade tensions following the announcement of a trade deal between the U.S. and U.K., and upcoming talks between U.S. and China helped keep the mood positive.
RTTNews | 1 day ago
TSX Modestly Higher On Positive Jobs Data, Earnings Updates

TSX Modestly Higher On Positive Jobs Data, Earnings Updates

The Canadian market is modestly higher around noon on Friday, riding on gains in communications, energy and materials sectors. Optimism about the U.S. and China agreeing on a trade deal this weekend, close on the heels of U.S. President Donald Trump unveiling the framework of a trade agreemen
RTTNews | 1 day ago
Bay Street Headed For Positive Start

Bay Street Headed For Positive Start

Firm commodity prices and steady global stocks amid optimism about trade deals point to a positive start for the Canadian market on Friday. Canadian jobs data for the month of April, and corporate earnings updates are also set to make an impact.
RTTNews | 1 day ago
FTSE Up Nearly 0.5% On Easing Tariff Concerns

FTSE Up Nearly 0.5% On Easing Tariff Concerns

U.K. stocks are up on Friday, supported by some strong earnings updates, and continued optimism about trade deals. U.S. President Donald Trump said on Thursday that the meetings with China on trade and economic issues could be "very substantive" and lead to tariff reductions.
RTTNews | 1 day ago
CAC 40 Up 0.75% On Easing Trade Tensions

CAC 40 Up 0.75% On Easing Trade Tensions

French stocks are exhibiting strength on Friday, buoyed by news about the U.S. and U.K. agreeing on a trade deal, and the upcoming U.S. - China trade talks this weekend.
RTTNews | 1 day ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading Courses
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Press Release
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2025 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.