Teck Resources - 2015 -
In 2017, we achieved record revenues of $12.0 billion and record cash flow from operations of $5.1 billion as a result of a favourable commodity price environment and our ongoing focus on cost control at all our key assets.
Adjusted profit was $700 million ($1.21 per share) in the fourth quarter compared with $930 million ($1.61 per share) in the fourth quarter of last year. Profit attributable to shareholders was $760 million ($1.32 per share) in the fourth quarter compared with $697 million ($1.21 per share) a year ago. Annual adjusted profit attributable to shareholders was $2.6 billion, or $4.45 per share, compared with $1.1 billion in 2016, or $1.91 per share. Annual profit attributable to shareholders was $2.5 billion, or $4.34 per share, compared with $1.0 billion in 2016, or $1.80 per share.
EBITDA was $1.6 billion in the fourth quarter, the same as a year ago. Adjusted EBITDA for the quarter totaled $1.5 billion compared with $1.9 billion last year. Our annual EBITDA was $5.6 billion in 2017 compared to $3.4 billion in 2016 and adjusted EBITDA was $5.7 billion compared with $3.5 billion in 2016.
Gross profit was $1.3 billion in the fourth quarter compared with $1.6 billion a year ago and before depreciation and amortization was $1.7 billion compared with $2.0 billion in the fourth quarter of 2016.
Cash flow from operations of $1.5 billion in the fourth quarter was the same as a year ago. Cash flow from operations for the year was a record $5.1 billion compared with $3.1 billion in 2016.
Our liquidity remains strong at approximately $4.8 billion, including US$3.0 billion of undrawn, committed credit facilities and $1.0 billion of cash at February 13, 2018. During the quarter, we extended the maturity date of our US$3.0 billion credit facility from July 2020 to October 2022. We expect to realize $1.2 billion in cash on closing of the sale of our two-thirds interest in the Waneta Dam, which we do not expect to close before the third quarter of 2018.
Fort Hills produced its first oil on January 27 and remains on track to reach 90% of capacity by the end of 2018. The first train is currently producing and ramping up to capacity. The two remaining secondary extraction trains are mechanically complete, are currently being insulated and expected to begin producing on schedule in the first half of 2018.
During the fourth quarter, we acquired an additional working interest in Fort Hills, increasing our interest to 20.89% from 20.0% for a cost of $121 million. Our interest has continued to increase and depending on the final project cost and funding elections we make, we expect our final ownership interest to be approximately 21.3%.
In December, we paid a dividend of $0.45 per share consisting of a supplemental dividend of $0.40 per share and our regular base quarterly dividend of $0.05 per share, which totaled approximately $260 million. In addition, taking into account our strong cash position, we also announced our intention to apply an additional $230 million to the repurchase of shares through March 31, 2018, of which 5.9 million Class B subordinate voting shares were repurchased for $175 million in the fourth quarter.
In November, for the first time, we were named as one of Canada's Top 100 Employers by Mediacorp
Record date: at the close of business on March 15.
Highlights and Significant Items
Profit attributable to shareholders was $1.3 billion ($2.23 per share) in the third quarter compared with $584 million ($1.01 per share) a year ago. Adjusted profit was $466 million ($0.81 per share) in the third quarter compared with $605 million ($1.05 per share) in the third quarter of last year.
EBITDA was $2.1 billion in the third quarter compared with $1.4 billion in the third quarter of 2017. Adjusted EBITDA was $1.2 billion in the third quarter compared with $1.4 billion in the same period a year ago.
Gross profit was $1.0 billion in the third quarter compared with $1.1 billion a year ago. Gross profit before depreciation and amortization was $1.4 billion in the third quarter compared with $1.5 billion in the third quarter of 2017.
Plant performance at Fort Hills has exceeded expectations and we expect full year production to be near the high end of our guidance for 2018.
We received regulatory approval for our Quebrada Blanca Phase 2 (QB2) project in late August with a unanimous vote from Chilean authorities, a major step forward in advancing the project. Our search for an additional partner for QB2 continues to advance and our objective is ultimately to hold a 60–70% interest in the project. We are encouraged by our progress and continue to consider that a transaction may be announced in the fourth quarter of 2018.
In July, we completed the sale of our two-thirds interest in the Waneta Dam to BC Hydro for $1.2 billion cash. We recorded a pre-tax gain of $888 million, with no cash taxes payable on the transaction.
In August, we purchased US$1.0 billion principal amount of our near-term debt maturities, reducing the outstanding balance to US$3.8 billion. We recorded a CAD$26 million pre-tax charge on the transaction.
Customer sales in steelmaking coal in the third quarter were strong and would have significantly exceeded our guidance of 6.8 million tonnes. However, reduced volumes due to operating problems at Westshore Terminals once again negatively affected deliveries by approximately 250,000 tonnes and our revenues by approximately $55 million.
The Red Dog concentrate shipping season is expected to be complete in late October. We expect to ship approximately 1.05 million tonnes of zinc concentrate and 175,000 tonnes of lead concentrate, representing all of the concentrate available to be shipped from the operation.
In early October, we received regulatory approval to renew our normal course issuer bid allowing us to purchase up to 40 million of our Class B subordinate voting shares during the period starting October 10, 2018 and ending October 9, 2019.
For the ninth straight year, we have been named to the Dow Jones Sustainability World Index, indicating that our sustainability practices are in the top 10% of the 2,500 largest companies in the S&P Global Broad Market Index.
Our liquidity remains strong at over $5.7 billion inclusive of $1.8 billion in cash at October 24, 2018 and US$3.0 billion of undrawn, committed credit facilities.
siehe: www.teck.com
desweiteren steht die sichere Finanzierung für QB2....
https://www.miningweekly.com/article/...itomos-qb2-secured-2019-05-31
Schade das der Kurs nicht ins rollen kommt...
resulting in an estimated production loss of 20,000 – 30,000 tonnes.
Teck reported yesterday an electrical equipment failure on August 25, 2019, at the Trail Operations zinc refinery in Trail, British Columbia, Canada. The equipment failure affected one of four rectifiers used in the zinc refinery.
There were no injuries or environmental impacts related to the failure.
VANCOUVER, British Columbia, Sept. 23, 2019 (GLOBE NEWSWIRE) Teck Resources Limited will release its third quarter 2019 earnings results on Thursday, October 24, 2019 before market open.
The company will hold an investor conference call to discuss the third quarter 2019 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, October 24, 2019. The conference call dial-in is 416.340.2216 or toll free 800.273.9672, no pass code required. Media are invited to attend on a listen-only basis.
A live audio webcast of the conference call, together with supporting presentation slides, will be available on Teck's website at www.teck.com.
The recording of the live audio webcast will be available from 10:00 a.m. Pacific time October 24, 2019 on Teck's website at www.teck.com.
Teck ist großartig gewachsen die Jahre und wird gestärkt aus der jetzigen Krise herausrücken hoffentlich...
https://www.bnnbloomberg.ca/...ine-which-may-never-be-built-1.1389106
The presentation will be webcast through the following link at: https://event.webcasts.com/viewer/...i=1285757&tp_key=8fd5de4bbf. The replay will be available for 180 days after the date of the conference.
“As a proudly Canadian-based resource company with over 100 years of history, Teck is committed to playing a role in the global mobilization to beat COVID-19. We have created a $20-million fund that will provide direct support to critical services in communities where we operate. This includes procuring essential medical supplies, donating to medical research, supporting local healthcare and social services affected by COVID-19, and contributing to international relief efforts.
“This funding will help to protect the health and wellbeing of communities locally and globally during this challenging time and support their long-term economic and social recovery in the wake of COVID-19. It builds on our work to implement stringent preventative measures at all our operations to safeguard the health of our people, and to maintain jobs and economic activity to the extent possible without compromising safety.
“Meeting an unprecedented challenge requires unprecedented unity, empathy and consideration for one another. Around the world we have seen those qualities on display in recent weeks, from small gestures of kindness and support from our neighbours to everyday citizens cheering each night in support of frontline healthcare workers.
“Teck and its people are proud to play our part. There are many examples of our local operations embodying that same spirit, such as donating PPE to local frontline health workers, sharing their health and safety expertise with the community, and providing funding to local food banks. The collective response to this unprecedented threat has been truly extraordinary. It should give us every confidence that we will prevail and once it passes, as it surely will, we will all emerge stronger and more resilient than ever.”
Donations to date through the fund include:
•§One million masks for healthcare in British Columbia: Working in collaboration with government agencies and utilizing its supply chain network, Teck has procured 1 million KN95 masks to donate to B.C.’s healthcare system with delivery expected in the coming weeks.
•§Teck Community Response Fund for local communities in Canada, Alaska and Chile: A dedicated community investment fund will support local organizations in areas where Teck operates directly involved with COVID-19 response (such as healthcare and social services) or those directly experiencing impacts resulting from COVID-19. A portion of this fund will be specifically dedicated to support for Indigenous communities. Teck is also expediting payments to local and Indigenous suppliers to support their ongoing economic resiliency.
•§Healthcare services in Chile: Teck will support healthcare services in the Tarapaca and Coquimbo regions of Chile, including funding medical supplies, equipment, facilities and professionals at the Iquique hospital; family and primary health services in Pica, Pozo Almonte, and Chanavayita; and healthcare services in La Serena.
•§Investments in use of copper towards infection prevention initiatives: Through its Copper & Health program, Teck will continue to collaborate with public agencies and is making an additional $1 million available to advance the use of copper products to support infection control and prevention.
•§Contributions to Canadian relief efforts: Teck is providing $250,000 to the Canadian Red Cross towards supporting health services and public health in the battle against COVID-19, including the deployment of the Red Cross’s Emergency Response Unit field hospital and the supply of medical equipment.
•§Support for international relief efforts: Teck has contributed to international aid efforts including $500,000 to UNICEF (in collaboration with the World Health Organization Solidarity Response Fund) to provide critical medical and sanitation supplies, equipment and training in over 180 countries, and $250,000 to the China Foundation for Poverty Alleviation to support children in rural communities in China.
•§Support for medical research programs in Canada: Teck has provided a $250,000 contribution to the VGH & UBC Hospital Foundation for targeted drug discovery into therapeutic solutions to the COVID-19 virus carried out at the Vancouver Prostate Centre.
Further donations through the fund will include procuring additional supplies or PPE for healthcare and community use, contributions to global relief efforts, medical research, and long-term economic recovery from the impacts of COVID-19.
Ich bin aufgrund eines kurzen Berichts (keine Ahnung mehr wo genau) mit einer kleinen Summe in diesen Wert eingestiegen.
Ja und irgendwie hört man nichts von Teck... - Anfang Januar kam die erste Div-Zahlung und der Wert steigt einfach langsam aber stetig.
Ein Geheimtip?
Optionen
| Boardmail an "TommiHH" |
Wertpapier: Teck Resources Ltd. |
https://www.bnnbloomberg.ca/video/...discusses-teck-resources~2225410
Kein Bergbauunternehmen was zur Zeit besser aufgestellt ist....
Trotz des Anstiegs KGV von 8...
wenn alle Preise so bleiben würden....KGV 5....
Wahnsinn....3 Quartal ca. USD 1,10
4 Quartal Vermutung USD 1,50......
Sonderdividende winkt....
Teck Resources: Verdopplung der Kupferproduktion geplant
(Bericht stammt noch aus 2022 und von LYNX)
https://www.bnnbloomberg.ca/video/...s-a-non-starter-teck-ceo~2666643