Teck's Financial and Operations Outlook
Teck
Near-Term Development Options
A balanced portfolio of greenfield and brownfield projects in well understood jurisdictions
Highland Valley Mine Life Extension (Cu-Mo | Brownfield | British Columbia)
Extending life of mine of Canada's largest base metals mine
Mine life extension of a highly productive asset at established operation with known & manageable risks
Feasibility study completed in H2 2023 and studies in progress to support engineering / permitting activities
San Nicolás (Cu-Zn Ag-Au | Greenfield | Zacatecas)
High grade asset with industry leading returns
Capital efficient, low C1 cash cost, high return project with JV in place that reduces Teck's near-term funding
Submitted EIA in January 2024; feasibility study progressing; detailed engineering / optimization to be completed by 2025
| Zafranal (Cu-Au | Greenfield | Arequipa)
Rapid project payback from the front-end high-grade profile
Mid cost curve forecast LOM C1 cash cost with competitive capital intensity
SEIA permit approved and capital and operating cost update completed, detailed engineering commencing Q2 2024
QB Asset Expansion (Cu-Mo-Ag | Brownfield | Tarapacá)
Incremental production drives competitive C1 cost
Builds on established QB Operations infrastructure and leverages large resource base
Defining the most capital efficient and value-adding options based on performance of QB Operations
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