Silver Surpassed Gold in 2025; Now It's Copper's Moment.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 26 2025
0mins
Should l Buy TECK?
Source: Barron's
Silver's Performance: Silver gained 140% in 2025, highlighting its significant increase in value.
Comparison with Other Metals: Copper also saw a rise of 36%, while gold increased by 69%, indicating a strong performance across these metals.
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Analyst Views on TECK
Wall Street analysts forecast TECK stock price to fall
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 57.400
Low
39.62
Averages
45.92
High
51.87
Current: 57.400
Low
39.62
Averages
45.92
High
51.87
About TECK
Teck Resources Limited is a resource company that operates a portfolio of copper and zinc operations across North and South America. The Company’s projects include the Highland Valley Copper (HVC) Mine Life Extension Project, Galore Creek Project, Zafranal Project, and NuevaUnion. The HVC Mine Life Extension is located at the HVC site, approximately 17 kilometers (km) west of Logan Lake and 75 kilometers southwest of Kamloops. The Galore Creek Project is situated in Tahltan Territory in northwestern British Columbia, around 370 km northwest of Smithers. The Zafranal Copper Project lies in the Arequipa Region of southern Peru, within the prolific porphyry copper belt. The NuevaUnion Project is a undeveloped copper-gold-molybdenum mining venture in the Americas, located in Chile’s Atacama Region; its two deposits are about 40 km apart. Its Red Dog Operations is a zinc mine located approximately 170 km (105 miles) north of the Arctic Circle in northwest Alaska, near Kotzebue.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Teck Resources to Release Q1 2026 Earnings on April 23
- Earnings Release Schedule: Teck Resources Limited will release its Q1 2026 earnings results before market open on April 23, 2026, which is expected to provide crucial insights into the company's financial performance, aiding investors in assessing its market standing.
- Webcast Timing: Following the earnings release, Teck will host a webcast at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results, allowing investors and analysts to engage directly with management for enhanced interaction.
- Investor Participation Details: Investors can join the call by dialing 1.647.846.8877 or 1.833.752.3828, quoting “Teck Resources” to join the conversation, ensuring accurate and timely information dissemination.
- Company Background: Teck is a leading Canadian resource company focused on responsibly providing metals essential for economic development and energy transition, boasting world-class copper and zinc operations and a commitment to creating value through responsible growth.
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REalloys' Breakthrough in Rare Earth Metals
- Rare Earth Production Capability: REalloys' Euclid facility is the only site in North America capable of producing heavy rare earth metals and alloys, having secured contracts with the U.S. Department of Defense, Department of Energy, and NASA, solidifying its critical position in defense and industrial markets.
- Integrated Supply Chain Advantage: The company has established a complete supply chain from raw materials to finished magnets by owning the Hoidas Lake rare earth project and securing partnerships across multiple countries, reducing reliance on China and enhancing market competitiveness.
- Technological Innovation and Efficiency: Collaboration with the Saskatchewan Research Council enables REalloys to utilize an AI-driven facility for efficient rare earth metal separation without relying on Chinese technology, with an expected annual output of 525 tonnes of neodymium-praseodymium metal, making it the largest source of heavy rare earth oxides in North America.
- Preparation for Policy Changes: With the implementation of new U.S. defense procurement regulations in 2027, REalloys' production capacity will meet the urgent demand for domestically sourced rare earth metals, ensuring its dominant position in the future market.
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Market Opening: U.S. stock markets are set to open in two hours.
Nuvalent Inc. Performance: Nuvalent Inc. Cl A (NUVL) saw a 7.0% increase in pre-market trading.
Figure Technology Solutions Performance: Figure Technology Solutions Inc. (FIGR) also experienced a 7.0% rise in pre-market trading.
Overall Market Sentiment: The pre-market gains indicate a positive sentiment among investors for these stocks.
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Global Commodities Market Structural Realignment
- Copper Supply Shortage Forecast: J.P. Morgan projects a significant refined copper deficit of 330,000 metric tonnes in 2026, driven by historic underinvestment and mine disruptions, which could lead to rising copper prices and impact profitability for related companies.
- Critical Minerals Ministerial: The U.S. State Department gathered 54 nations for the Critical Minerals Ministerial, committing over $10 billion to secure scalable supply chains and signing eleven new bilateral agreements with key producing countries, highlighting the global emphasis on critical mineral resources.
- GoldHaven Resource Expansion: GoldHaven has expanded its Magno project in British Columbia with three newly acquired mineral claims totaling over 37,200 hectares, containing tungsten, molybdenum, and copper-zinc deposits, indicating its potential and strategic positioning in the critical minerals sector.
- United States Antimony Revenue Growth: The company reported a revenue of $39.26 million for 2025, up 163% year-over-year, primarily due to soaring antimony prices following China's export controls, with a 2026 revenue guidance of $125 million, underscoring its critical role in mineral supply chains.
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Market Opening: U.S. stock markets are set to open in two hours.
Piper Sandler Performance: Piper Sandler Cos. (PIPR) saw an 11.0% increase in pre-market trading.
Intercorp Financial Services Performance: Intercorp Financial Services Inc. (IFS) experienced a 9.2% rise in pre-market trading.
Overall Market Sentiment: The pre-market gains indicate positive sentiment ahead of the market opening.
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Teck's Royalty on Barrick's Fourmile Gold Project Could Be Worth Billions
- Royalty Value Revelation: Teck Resources (TECK) holds a royalty on Barrick Mining's (B) Fourmile gold project that could be worth billions, a revelation that may impact the valuation of Barrick's planned IPO of its North American business.
- Undisclosed Royalty: Barrick (B) has not publicly disclosed the Teck (TECK) royalty, while the Fourmile project is described as one of the century's greatest gold discoveries, with only a 1.6% gross smelter return disclosed by Royal Gold (RGLD).
- Profit Sharing Agreement: Should Fourmile be developed into a mine, Barrick (B) would pay Teck (TECK) 10% of net profits, increasing to 15% once production exceeds 6 million ounces of gold; this royalty agreement was filed in Nevada four years prior to Barrick's discovery of Fourmile.
- IPO Valuation Downgrade: With Teck (TECK) set to earn a significant portion of profits from Fourmile, Barrick's (B) asset valuation for the IPO is now expected to fall below previous analyst estimates, potentially negatively impacting the value of assets to be listed in the IPO.
See More
Teck Resources to Release Q1 2026 Earnings on April 23
- Earnings Release Schedule: Teck Resources Limited will release its Q1 2026 earnings results before market open on April 23, 2026, which is expected to provide crucial insights into the company's financial performance, aiding investors in assessing its market standing.
- Webcast Timing: Following the earnings release, Teck will host a webcast at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results, allowing investors and analysts to engage directly with management for enhanced interaction.
- Investor Participation Details: Investors can join the call by dialing 1.647.846.8877 or 1.833.752.3828, quoting “Teck Resources” to join the conversation, ensuring accurate and timely information dissemination.
- Company Background: Teck is a leading Canadian resource company focused on responsibly providing metals essential for economic development and energy transition, boasting world-class copper and zinc operations and a commitment to creating value through responsible growth.
See More
REalloys' Breakthrough in Rare Earth Metals
- Rare Earth Production Capability: REalloys' Euclid facility is the only site in North America capable of producing heavy rare earth metals and alloys, having secured contracts with the U.S. Department of Defense, Department of Energy, and NASA, solidifying its critical position in defense and industrial markets.
- Integrated Supply Chain Advantage: The company has established a complete supply chain from raw materials to finished magnets by owning the Hoidas Lake rare earth project and securing partnerships across multiple countries, reducing reliance on China and enhancing market competitiveness.
- Technological Innovation and Efficiency: Collaboration with the Saskatchewan Research Council enables REalloys to utilize an AI-driven facility for efficient rare earth metal separation without relying on Chinese technology, with an expected annual output of 525 tonnes of neodymium-praseodymium metal, making it the largest source of heavy rare earth oxides in North America.
- Preparation for Policy Changes: With the implementation of new U.S. defense procurement regulations in 2027, REalloys' production capacity will meet the urgent demand for domestically sourced rare earth metals, ensuring its dominant position in the future market.
See More
S&P 500 Futures Decline in Pre-Market Trading; Nuvalent and Figure Tech Solutions Take the Lead
Market Opening: U.S. stock markets are set to open in two hours.
Nuvalent Inc. Performance: Nuvalent Inc. Cl A (NUVL) saw a 7.0% increase in pre-market trading.
Figure Technology Solutions Performance: Figure Technology Solutions Inc. (FIGR) also experienced a 7.0% rise in pre-market trading.
Overall Market Sentiment: The pre-market gains indicate a positive sentiment among investors for these stocks.
See More
Global Commodities Market Structural Realignment
- Copper Supply Shortage Forecast: J.P. Morgan projects a significant refined copper deficit of 330,000 metric tonnes in 2026, driven by historic underinvestment and mine disruptions, which could lead to rising copper prices and impact profitability for related companies.
- Critical Minerals Ministerial: The U.S. State Department gathered 54 nations for the Critical Minerals Ministerial, committing over $10 billion to secure scalable supply chains and signing eleven new bilateral agreements with key producing countries, highlighting the global emphasis on critical mineral resources.
- GoldHaven Resource Expansion: GoldHaven has expanded its Magno project in British Columbia with three newly acquired mineral claims totaling over 37,200 hectares, containing tungsten, molybdenum, and copper-zinc deposits, indicating its potential and strategic positioning in the critical minerals sector.
- United States Antimony Revenue Growth: The company reported a revenue of $39.26 million for 2025, up 163% year-over-year, primarily due to soaring antimony prices following China's export controls, with a 2026 revenue guidance of $125 million, underscoring its critical role in mineral supply chains.
See More
S&P 500 Futures Drop in Pre-Market Trading; Piper Sandler and Intercorp Financial Services at the Forefront
Market Opening: U.S. stock markets are set to open in two hours.
Piper Sandler Performance: Piper Sandler Cos. (PIPR) saw an 11.0% increase in pre-market trading.
Intercorp Financial Services Performance: Intercorp Financial Services Inc. (IFS) experienced a 9.2% rise in pre-market trading.
Overall Market Sentiment: The pre-market gains indicate positive sentiment ahead of the market opening.
See More
Teck's Royalty on Barrick's Fourmile Gold Project Could Be Worth Billions
- Royalty Value Revelation: Teck Resources (TECK) holds a royalty on Barrick Mining's (B) Fourmile gold project that could be worth billions, a revelation that may impact the valuation of Barrick's planned IPO of its North American business.
- Undisclosed Royalty: Barrick (B) has not publicly disclosed the Teck (TECK) royalty, while the Fourmile project is described as one of the century's greatest gold discoveries, with only a 1.6% gross smelter return disclosed by Royal Gold (RGLD).
- Profit Sharing Agreement: Should Fourmile be developed into a mine, Barrick (B) would pay Teck (TECK) 10% of net profits, increasing to 15% once production exceeds 6 million ounces of gold; this royalty agreement was filed in Nevada four years prior to Barrick's discovery of Fourmile.
- IPO Valuation Downgrade: With Teck (TECK) set to earn a significant portion of profits from Fourmile, Barrick's (B) asset valuation for the IPO is now expected to fall below previous analyst estimates, potentially negatively impacting the value of assets to be listed in the IPO.
See More
