Teck's Financial and Operations Outlook
Teck
Production 1,2 (kt)
Copper in Concentrate
Copper Guidance
Guidance includes Quebrada Blanca
465-540
38-45
550-620
50-60
80-90
550-620
50-60
90-100
85-95
297
140-160
130-150
530-600
45-55
85-95
120-140
Carmen de Andacollo
112-125
40
Antamina (22.5%)
95
230-275
280-310
280-310
280-310
Highland Valley
99
Quebrada Blanca
63
2023
2024E
2025E
2026E
2027E
Molybdenum in Concentrate
Net Cash Unit Costs* 1,3 (US$/lb)
1.85-2.25
1.87
1.56
2022
2023
2024E
Capital Expenditures¹ ($M)
3,910
3,353
10.6-12.4
7.5-9.7
9.4-11.4
0.7-1.0
0.9-1.2
2.7-3.2
0.7-1.0
2.3-2.8
3,060
2,152
-1,850-2,190
5.4-6.7
1.8-2.3
QB2 (100%)
700-900
1.2-1.5
Antamina (22.5%)
1.3-1.6
374
400-460
5.0-6.4
6.4-7.6
7.0-8.0
Highland Valley
1.4
Growth (ex-QB2)4
217
379
2.9-3.6
Capitalized Stripping
255-280
336
Quebrada Blanca
0.8
0.6
Sustaining5
297
448
495-550
2023
2024E
2025E
2026E
2027E
2022
2023
2024E
* Net cash unit costs per pound is a non-GAAP ratio. See "Non-GAAP Financial Measures and Ratios" slides.
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