Teck Resources Ltd Class B

Teck Resources Limited is a Canadian-listed diversified mining company (TSX: TECK.A, TECK.B; NYSE: TECK) focused on energy transition metals. It reports two segments, Copper and Zinc, to its President and CEO.

**Copper segment**
- Quebrada Blanca (QB) in Chile, fully consolidated with partners SMM/SC and Codelco.
- Highland Valley Copper (HVC) in British Columbia.
- A 22.5% interest in the Antamina copper-zinc mine in Peru.
- Carmen de Andacollo in Chile.
- By-products include molybdenum, silver, zinc and gold.

**Zinc segment**
- The Red Dog zinc-lead mine in Alaska. Its port ships seasonally from July to October.
- Trail Operations, a metallurgical complex in British Columbia. It produces refined zinc and lead, silver, gold, germanium, indium, and fertilizers.

**Q3 2026 revenue by product**
Of CAD 4.517 billion in revenue, copper contributed CAD 2.251 billion and zinc CAD 1.468 billion. Silver added CAD 476 million, lead CAD 222 million, germanium CAD 118 million and molybdenum CAD 94 million.

**Growth pipeline**
- The HVC Mine Life Extension, under construction.
- QB optimization.
- Zafranal in Peru and San Nicolás in Mexico.
- The Red Dog Mine Life Extension.
- Longer-dated options including Galore Creek, Schaft Creek, NewRange and NuevaUnión.

**Strategic developments**
- Teck has agreed to a merger of equals with Anglo American plc. Anglo American will issue 1.3301 ordinary shares per Teck share, forming Anglo Teck.
- Shareholders approved the merger in December 2025, and Investment Canada Act approval has been received.
- Teck is pursuing a Strategic Metals Initiative at Trail, backed by a potential Canada Growth Fund investment.

**Share structure**
As of October 28, 2026, Teck had 483.4 million Class B subordinate voting shares and 7.6 million Class A common shares outstanding.

**Revenue exposure**
Products are sold in U.S. dollars, while costs are largely in Canadian dollars and Chilean pesos. Updated Oct 30, 2026