Teck Resources releases transcript of Q2 2026 earnings call
TECK•Q2 2026 earnings call highlights
Teck held its fiscal Q2 2026 earnings call; CEO Jonathan H. Price, CFO Crystal J. Prystai, and Chief Commercial Officer Ian K. Anderson attended.
- Cash flow from operations reached CAD 1.7 billion.
- Adjusted EBITDA rose to CAD 2.2 billion.
- Net cash position increased CAD 756 million.
Merger of equals with Anglo American
The merger of equals with Anglo American is still awaiting China regulatory approval. Teck reiterated the closing timeline at 12-18 months from September 2025.
QB production and Rock Bench 6 plans
QB produced 55,800 tonnes of copper. Teck flagged a potential Rock Bench 6 build for late August or early September, with roughly USD 100 million of capital this year.
Copper production and margin improvement
Copper production rose 25% year over year, and adjusted EBITDA margin hit 61% versus 36% a year earlier.
