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Record copper sales, higher prices bolster Teck's first-quarter Ebitda, profit
Record quarterly copper sales volumes, significantly higher commodity prices and higher revenue from by-products contributed to a 125% year-on-year increase in Canadian resource company Teck's adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the first quarter. The TSX- and NYSE-listed company, which is in the process of merging with diversified miner Anglo American, reported adjusted Ebitda of $2.1-million for the quarter, compared with adjusted Ebitda of $1.2-billion in the first quarter of 2025. Its adjusted profit attributable to shareholders increased to $858-million, or $1.75 ... (full story)