Teck Resources faces earnings test as strike clouds outlook. Published Oct 28, 2026, 12:02 PM (C) Reuters. Teck Resources reports third-quarter results Thursday before the market opens, with investors focused on whether elevated copper prices can offset operational headwinds including a fresh labor strike at one of the company's key mines. Analysts expect the Vancouver-based miner to post earnings of 1.49 Canadian dollars per share on revenue of C$4.26 billion, representing year-over-year growth of 96% and 26%, respectively. The revenue forecast implies an 18% sequential jump from the second quarter's C$3.61 billion, though expected earnings would decline 23% from the prior period's C$1.93 per share. EPS estimates have climbed 22.4% over the past 60 days, reflecting analyst optimism about Teck's copper-focused strategy amid favorable commodity pricing. However, estimates have ticked down slightly in the past week, suggesting some caution has crept in as earnings approach. The cautious tone follows recent operational challenges. Strike action by United Steelworkers Local 7619 commenced at Teck's Highland Valley Copper Operations in British Columbia last week, with operations continuing at reduced capacity. The timing couldn't be more critical, as copper prices stood at $6.50 per pound in late October, up 30% from a year earlier, near the September record of $6.89. What Investors Are Watching The Highland Valley strike's impact on production volumes will be paramount. Any meaningful disruption could undermine Teck's ability to capitalize on the current pricing environment, particularly as the company has positioned itself as a pure-play copper and zinc producer after strategic asset sales. Copper production trends and cost performance will also draw scrutiny. Teck reported stronger copper production across all operations in the second quarter, and investors will want confirmation that momentum continued through September despite operational headwinds mentioned in recent company updates. +0.44 (+0.70%) Real-time Data · 14:42:07 · USD Revenue sustainability represents another key question. The sequential jump to C$4.26 billion would mark a significant acceleration, and guidance for the fourth quarter will signal whether management believes current production and pricing dynamics can support continued growth. Recent Performance Sets High Bar Teck's second-quarter results handily exceeded expectations, with earnings of C$1.93 per share beating the C$1.15 consensus by 68%. Revenue of C$3.61 billion also topped forecasts by more than 10%. The company trades at 17.2 times trailing earnings with a market capitalization of $30.5 billion. Shares have gained 64% from their 52-week low of $38, though they remain about 14% below the $72.56 high reached earlier this year. Thursday's results will test whether Teck can maintain its earnings momentum in a challenging operational environment - and whether soaring copper prices can compensate for production uncertainty as labor negotiations continue. Is TECK in any of its AI strategies? ProPicks AI re-scores TECK every month against thousands of alternatives on 100+ financial metrics, then builds the strategies that came out ahead. Energy Elite is beating its benchmark by 37% year to date. Mid Cap Movers by 21%. Tech Titans, its flagship, has beaten the S&P 500 by 112% since launch three years ago. See whether TECK made the cut - and which stocks did.

More than 1,200 Highland Valley workers strike as Teck scales back at mine. Mine workers walk off job. Tim Petruk - Oct 24, 2026 / 12:53 pm | Story: 635570 FILE - Teck's Highland Valley Copper Mine located near Logan Lake, about 50 kilometres southwest of Kamloops. Workers walked off the job on Saturday, Oct. 24, 2026, amid a labour dispute. More than 1,200 unionized workers at Highland Valley Copper are officially on strike after contract talks with Teck failed to produce a deal, forcing the mining giant to scale back operations at one of the Kamloops region's largest employers. "We are officially on strike," USW Local 7619 president Kyle Wolff told Castanet on Saturday. "Lines have been set up and workers have walked off the job." Teck also confirmed the work stoppage, saying the mine is continuing to operate at reduced capacity. "The impact on overall production will depend on the duration of the labour action," the company said in a statement. "Contingency plans are in place with the priority to maintain safety and environmental management during labour action." The strike follows weeks of negotiations between Teck and the union, which represents 1,277 workers at the sprawling copper mine near Logan Lake, about 50 kilometres southwest of Kamloops. The union served strike notice Tuesday after negotiations failed to produce a new collective agreement. In an update to members Saturday, the union said it had given the company additional time to reach a deal, but the two sides remained too far apart. "We have done everything we could to prevent a labour dispute," the bargaining committee said. "It's our time to fight. It's our time to stand up. It's our time to show this company that we are worth more than what they have offered." Union members were directed to report to the mine's main gate, where strike captains were organizing picket lines. Wages, pensions at issue. Negotiations have focused on wages, pensions, staffing shortages and proposed concessions. The union has accused Teck of failing to offer a contract that reflects the company's financial success and the contributions of its workers. The strike follows a unanimous vote in favour of job action among the 944 union members who cast ballots. Teck said Saturday it remains committed to negotiating a deal. "Teck is committed to reaching a collective agreement that is fair and reasonable for employees and supports the ongoing viability of the operation," the company said. The union also informed members Saturday that most employee benefits would be discontinued during the strike, with life insurance and accidental death and dismemberment coverage continuing at the union's expense. The work stoppage comes as Teck moves ahead with a multi-billion-dollar expansion of Highland Valley Copper, Canada's largest open-pit copper mine. The project is expected to extend the mine's operating life until 2046 and maintain approximately 1,500 direct jobs.

Teck named to Forbes World's Top Companies for Women 2026 list. VANCOUVER, British Columbia, Oct. 07, 2026 (GLOBE NEWSWIRE) - Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") has been named to the Forbes World's Top Companies for Women 2026 list, recognizing organizations that are highly rated by women employees and demonstrate a commitment to advancing women in the workplace. This marks the second time Teck has received this recognition. "Our people are the foundation of Teck's success, and we are committed to creating a workplace where everyone feels respected, valued and supported to grow and succeed," said Jonathan Price, President and CEO. "Being recognized once again as one of the World's Top Companies for Women reflects the culture our employees help build every day and our ongoing commitment to fostering an inclusive workplace where talented people can thrive." The Forbes World's Top Companies for Women 2026 ranking recognizes organizations identified through independent, anonymous surveys of approximately 120,000 women across more than 36 countries. The ranking incorporates assessments of employer brand, public perception regarding gender equality and leadership research, recognizing companies that are viewed as strong employers for women around the world. Teck has also been recognized as one of Canada's Top 100 Employers by Mediacorp Canada's Top Employers program for the past nine years. About Teck Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources. Investor Contact: Edwin Shadeo Acting Vice President, Investor Relations and Treasurer 604.699.4531 [email protected] Media Contact: Dale Steeves Director, External Communications 236.987.7405 [email protected]