Teck Resources (TSE:TECK.B) has released an update.
Teck Resources Limited reports a robust first quarter in 2024 with $1.7 billion in Adjusted EBITDA, driven by strong performances in steelmaking coal and copper, including the completion of major construction at the QB operation. The company continues to enhance shareholder value, returning $145 million through share buybacks and dividends, while copper production ramps up by 74% to 99,000 tonnes. Despite a payout of $1.3 billion in taxes, Teck maintains a healthy liquidity position with $7.1 billion in funds and a $1.3 billion cash balance.
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