Teck Resources (TECK) Reports 453,500 Tonnes Copper Production in 2025, Lowers Zinc Guidance to 35,000-45,000 Tonnes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Copper Production Performance: Teck Resources achieved copper production of 453,500 tonnes in 2025, supported by strong operational performance in Q4, despite adverse weather and sea conditions temporarily impacting sales.
- Inventory Build-Up Impact: Q4 copper sales were lower than production primarily due to inventory build-up at Quebrada Blanca caused by weather and sea conditions, which is expected to affect early 2026 sales.
- Zinc Guidance Adjustment: Teck lowered its 2026 zinc production guidance for Antamina to 35,000-45,000 tonnes from 55,000-65,000 tonnes, reflecting an updated mine plan finalized in Q4 2025, indicating a cautious outlook for future output.
- Merger Progress: Teck's $50 billion merger with Anglo American is awaiting antitrust approval from the EU, with regulators signaling no competition concerns, potentially facilitating a smooth merger process.
Analyst Views on TECK
Wall Street analysts forecast TECK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TECK is 45.92 USD with a low forecast of 39.62 USD and a high forecast of 51.87 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 50.540
Low
39.62
Averages
45.92
High
51.87
Current: 50.540
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.
