The company also reported higher production at its Highland Valley Copper mines in Canada and at Antamina, in Peru, which is set for a $2 billion expansion.
Total copper output for the fourth quarter of 2023 reached 296,000 tonnes, compared to 270,000 in the same period of 2022.
Zinc in concentrate production amounted to 182,000 tonnes, up from 143,000 a year earlier, while refined zinc production totalled 70,000 tonnes, up from 46,000.
“We had strong fourth quarter performance across our business, generating adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.7 billion in the quarter, returning cash to shareholders and advancing ramp-up of our Quebrada Blanca operations, resulting in Teck’s record quarterly copper production,” chief executive Jonathan Price said in a statement.
He added that Teck is well positioned to deliver on its strategic priorities in 2024, which involve securing…
