Teck Resources Q3 2026 profit before taxes rises to $2.3 billion
Teck Resources’ Q3 2026 adjusted EBITDA rose 97% year over year to $2.3 billion, while copper production increased 11% to 116,000 tonnes. The company lowered its 2026 copper and zinc net cash unit cost guidance.
1. Quarterly results
Teck Resources’ adjusted EBITDA rose 97% year over year to $2.3 billion in Q3 2026, driven by higher commodity prices and lower processing charges. Copper production climbed 11% to 116,000 tonnes despite severe weather.
2. Guidance and merger
Teck lowered its 2026 copper net cash unit cost guidance to US$1.80–2.00 per pound and zinc guidance to US$0.30–0.40. Its merger with Anglo American remains expected to close 12–18 months from September 2025, subject to regulatory approval and customary conditions.
