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Lindsay flags further Teck returns after QB2 buildout

Canada’s largest diversified miner Teck Resources could undertake another round of share buybacks or dividend distributions during the 2022-2024 timeframe when it expects a gap in its capital programme to deliver “big cash flows”, says president and CEO Don Lindsay.

Lindsay flags further Teck returns after QB2 buildout Lindsay flags further Teck returns after QB2 buildout Lindsay flags further Teck returns after QB2 buildout Lindsay flags further Teck returns after QB2 buildout Lindsay flags further Teck returns after QB2 buildout

Teck Resources expects to attract a higher valuation multiple once it transitions to a copper-dominant business model following the completion of Quebrada Blanca phase two, in Chile

The Vancouver-headquartered company has over the past 18 months completed a C$1.2 billion (US$928 million) share buyback programme through which it clawed back 9.2% of the company for owners.