Teck Resources Ltd (NYSE:TECK)
$ 52.54 1.08 (2.1%) Market Cap: 27.23 Bil Enterprise Value: 34.10 Bil PE Ratio: 23.04 PB Ratio: 1.42 GF Score: 79/100
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Teck Resources Ltd at Bank of America Virtual Global Metals, Mining and Steel Conference Transcript

May 18, 2022 / 12:00PM GMT
Release Date Price: $39.16 (-2.49%)
Unidentified Analyst

Good morning, ladies and gentlemen. Welcome to day 2 of BofA's 39th Annual Global Metals Mining and Steel Conference. I'm Pleased to have with me Teck Resources kicking things off today. And joining me from Teck is none other than President and CEO, Don Lindsay. Don, it's very, very nice to see you. The podium is all yours.

Donald R. Lindsay
Teck Resources Limited - President, CEO & Director

Great. Well, thanks very much to Bank of America for hosting us once again this year. Delighted to see you all. So Teck has just finished its third record quarter in a row in Q1 with adjusted EBITDA of $3 billion, which is more than triple last year. Net earnings of $1.6 billion. We're a little bit past halfway through Q2 and it's certainly shaping up to be the fourth record quarter in a row, if prices stay anywhere near where they are today.

We're making tremendous progress at QB2. We announced in our quarterly that we passed 82% completion. Going forward, we'll probably be emphasizing more about the milestones that we achieve when water goes

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