financetom
Business
financetom
/
Business
/
Teck Resources cuts copper production guidance at flagship Chilean mine QB
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Teck Resources cuts copper production guidance at flagship Chilean mine QB
Oct 8, 2025 12:51 AM

Oct 8 (Reuters) -

Canadian miner Teck Resources Limited ( TECK ) on

Wednesday cut its copper production forecast at its flagship

Quebrada Blanca (QB) mine in Chile through 2028, following a

company-wide operations

review

and its merger with Anglo American.

Its 2026 copper output guidance was now 200,000-235,000

metric tons, from 280,000 to 310,000 tons previously. Teck also

nearly halved molybdenum production guidance to 2,800 to 3,400

tons from 6,400 to 7,600 tons.

Copper production is now expected at 240,000-275,000 tons in

2027 and 220,000-255,000 tons in 2028, down from previous

forecasts of 280,000-310,000 tons and 270,000-300,000 tons

respectively.

The guidance cuts were mostly due to a tailings issue

that relates to the disposal of mine waste, which weighed on the

company's shares after it missed production forecasts.

In September, Teck said it had agreed to merge with

London-listed Anglo American in a $53 billion deal.

Anglo on Wednesday said that while the outcome of Teck's

review was not known at the time, it was broadly consistent with

its independent due diligence and analysis.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Energizer Fiscal Q4 Growth to Remain Flat Amid Mixed Segment Trends, RBC Says
Energizer Fiscal Q4 Growth to Remain Flat Amid Mixed Segment Trends, RBC Says
Nov 15, 2024
02:57 PM EST, 11/15/2024 (MT Newswires) -- Energizer's (ENR) fiscal Q4 organic growth is projected to remain flat, consistent with the company's expectations, RBC Capital Markets said in an earnings preview on Friday. Scanner data indicates hurricane-driven demand boosted batteries business, potentially explaining recent stock performance, while the auto care segment faces headwinds from adverse weather and refrigerant sales shifting...
Gyre Therapeutics Files $150 Million Mixed Securities Shelf
Gyre Therapeutics Files $150 Million Mixed Securities Shelf
Nov 15, 2024
05:37 PM EST, 11/14/2024 (MT Newswires) -- Gyre Therapeutics ( GYRE ) filed a shelf registration statement with the US Securities and Exchange Commission Thursday covering the potential sale of up to $150 million of its securities from time to time in one or more offerings. The statement covers common and preferred shares, debt securities, warrants, and units. The company...
Servicenow Insider Sold Shares Worth $5,174,194, According to a Recent SEC Filing
Servicenow Insider Sold Shares Worth $5,174,194, According to a Recent SEC Filing
Nov 15, 2024
05:42 PM EST, 11/14/2024 (MT Newswires) -- Paul John Smith, Chief Commercial Officer, on November 12, 2024, sold 4,965 shares in Servicenow ( NOW ) for $5,174,194. Following the Form 4 filing with the SEC, Smith has control over a total of 2,806 shares of the company, with 2,806 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1373715/000137371524000383/xslF345X05/wk-form4_1731623888.xml ...
Hamilton Lane Files Stock Offering
Hamilton Lane Files Stock Offering
Nov 15, 2024
05:40 PM EST, 11/14/2024 (MT Newswires) -- Hamilton Lane ( HLNE ) filed a registration statement Thursday for the potential offering of an unspecified amount of its common shares from time to time. The company said it plans to use the proceeds for general corporate purposes, including debt repayment. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved