10:38 AM EST, 11/11/2025 (MT Newswires) -- Deutsche Bank Research on Monday maintained Teck Resources' (TECK-A.TO) buy rating after the company hosted a two-day tour of the QB mine in Chile.

Management said in its presentations that they can overcome tailings dam constraints by the second half of 2026, Deutsche Bank said.

According to Deutsche Bank, the tailings dam is the critical path for the next six months, and it is expected that from the start of 2027 the tailings dam should no longer be a constraint on the mine and plant.

Teck expects copper production at QB to expand from 170,000-190,000 tonnes in 2025 to 200,000-235,000 tonnes in 2026, further increasing to 240,000-275,000 tonnes in 2027.

Current guidance assumes no improvement in recovery or throughput levels at QB over the

next three years, however, there are several work streams underway to enhance performance that are still expected to be achieved, with a target of over 300,000 tonnes per annum toward the end of the decade, Deutsche Bank said.

Teck traded at $60.30 per share at last look Tuesday on the Toronto Stock Exchange.

Price: 60.36, Change: +0.96, Percent Change: +1.62