Teck Resources reports Q4 profit and record copper production

VANCOUVER — Teck Resources Ltd. reported a profit in its latest quarter compared with a loss a year earlier, helped by record copper production.

The Vancouver-based mining company says it earned a profit from continuing operations attributable to shareholders of $385 million or 75 cents per share for the quarter ended Dec. 31.

The result compared with a loss of $167 million or 32 cents per diluted share in the last three months of 2023.

On an adjusted basis, Teck says it earned 45 cents per diluted share from its continuing operations, up from an adjusted profit of four cents per share a year earlier.