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Teck Resources aiming for $3 billion in annual EBIDTA, focused on building existing projects
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Teck Resources aiming for $3 billion in annual EBIDTA, focused on building existing projects
May 14, 2024 10:12 AM

May 14 (Reuters) - Canada's Teck Resources Ltd ( TECK )

is expecting to generate annual earnings before

interest, depreciation, tax and amortization (EBIDTA) of $3

billion if copper prices hit $5 per pound, CEO Jonathan Price

said on Tuesday.

Price also said the company is focused on executing its

current existing projects when asked whether the company would

acquire any copper assets. Price was speaking at the Bank of

America Metals, Mining and Steels conference in Miami.

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