Teck cuts 2026 copper net cash unit cost guidance to US$1.80-$2.00 per pound
TECK•Teck lowered 2026 copper net cash unit cost guidance to US$1.80-US$2.00 per pound from US$1.85-US$2.20, and zinc guidance to US$0.30-US$0.40 from US$0.65-US$0.75. Copper production and capital expenditure guidance were unchanged.
1. Lower cost guidance
Teck lowered its 2026 copper net cash unit cost guidance to US$1.80-US$2.00 per pound from US$1.85-US$2.20, and its zinc net cash unit cost guidance to US$0.30-US$0.40 per pound from US$0.65-US$0.75. Annual copper production guidance remains 455,000-530,000 metric tons, and capital expenditure guidance is unchanged.
2. Quarterly production and merger
Third-quarter copper production rose 11% to 116,000 metric tons despite severe weather, while copper net cash unit costs declined 15%. The Anglo American merger remains expected to close 12-18 months from its September 2025 announcement, subject to regulatory approval.
