Teck Resources (TSX: TECK.A, TECK.B)(NYSE: TECK) said on Monday its Quebrada Blanca (QB) mine in Chile is showing signs of recovery, following months of underperformance that raised questions about the mine’s viability and future role in the company’s $53 billion merger with Anglo American (LON: AAL).
The Canadian miner noted that mill throughput and copper recoveries at QB are now tracking in line with expectations, thanks to an action plan launched in August. The improvement follows a broader operational review that begun in September, aimed at stabilizing the ramp-up of its flagship copper expansion project.
The “QB Action Plan” included upgrades to tailings infrastructure, with 59% of the mine’s cyclones now replaced. Full replacement is expected by the end of 2025. The company also completed construction of three new rock benches, with two more scheduled for mid-2026.
Teck expects to…
