Teck Resources Achieves Record Copper Production, Targets To Close Glencore Deal By Q3
Teck Resources Achieves Record Copper Production, Targets To Close Glencore Deal By Q3
Teck Resources Ltd (NYSE:TECK), Canada's largest diversified miner, surpassed earnings estimates for the fourth quarter of 2023, propelled by robust steelmaking coal sales, record copper production and favorable copper prices.
加拿大最大的多元化矿业公司泰克资源有限公司（纽约证券交易所代码：TECK）在强劲的炼钢煤销售、创纪录的铜产量和有利的铜价的推动下，2023年第四季度的收益超过了预期。
"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," said President and CEO Jonathan Price, noting a positive development regarding germanium, a rare metal the firm produces in its Trail Operations facility in British Columbia.
总裁兼首席执行官乔纳森·普莱斯表示：“我们的第四季度业务表现强劲，本季度调整后的扣除利息、税项、折旧和摊销前的收益（EBITDA）为17亿美元，向股东返还了现金并推进了Quebrada Blanca业务的扩张，使泰克的季度铜产量创下了创纪录的纪录。” 他指出，该公司在不列颠哥伦比亚省的Trail Operations工厂生产的稀有金属锗取得了积极进展。
"We have always been able to sell the production that we generate from that facility," he said, clarifying pricing improved owing to Chinese restrictions.
他说：“我们一直能够出售该设施生产的产品，” 他澄清说，由于中国的限制，价格有所改善。
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Higher copper prices, with a 2% increase in realized copper prices, contributed to Teck's overall positive financial results.
铜价上涨，已实现铜价上涨2％，为泰克的整体财务业绩做出了积极贡献。
Total copper output was 296,000 tons for the fourth quarter of 2023, up from 270,000 tons in the same period the previous year. Zinc production also witnessed a significant uptick, with zinc in concentrate reaching 182,000 tons, up from 143,000, and refined zinc production totaling 70,000 tons, up from 46,000.
2023年第四季度的铜总产量为29.6万吨，高于去年同期的27万吨。锌产量也大幅上升，精矿中的锌从14.3万吨增加到18.2万吨，精炼锌产量从4.6万吨增加到7万吨。
Teck's strategic priorities for 2024 include securing growth in its copper portfolio. The company plans to extend the life of its British Columbia HVC mine and initiate the permitting process for San Nicolas in Mexico. Despite the strong performance, Teck maintained its copper guidance for the year at 465,000 to 540,000 tons and zinc guidance at 565,000 to 630,000 tons.
泰克2024年的战略优先事项包括确保其铜投资组合的增长。该公司计划延长其不列颠哥伦比亚省 HVC 矿的使用寿命，并启动墨西哥圣尼古拉斯的许可程序。尽管表现强劲，但泰克仍将今年的铜预期维持在46.5万至54万吨，锌预期维持在56.5万至63万吨。
The management noted progress with the planned separation of base metals and steelmaking coal businesses. The sale of the coal unit to Glencore PLC (OTCPK: GLCNF), announced last year for $9 billion, is expected to close by the third quarter of 2024. The deal, subject to approval from the Canadian government, marked a strategic shift towards focusing on its copper business.
管理层注意到在计划分离基本金属和炼钢煤炭业务方面取得了进展。去年宣布以90亿美元的价格出售给嘉能可集团（场外交易代码：GLCNF）的煤炭业务预计将于2024年第三季度完成。该交易尚待加拿大政府的批准，标志着向专注于铜业务的战略转变。
"The regulatory process is still going well, we are still confident of closing that transaction no later than the third quarter of 2024. So, all on track at this stage," Price said.
“监管程序仍然进展顺利，我们仍然有信心不迟于2024年第三季度完成该交易。因此，现阶段一切都步入正轨。” 普莱斯说。
Following the earnings results, Teck announced a dividend of $0.125, to be paid on March 28, to shareholders of record at the market close on March 15. In addition, Teck's board has authorized a stock buyback of up to $500 million.
财报公布后，泰克宣布向3月15日收盘时登记在册的股东派发0.125美元的股息，将于3月28日支付。此外，泰克董事会已批准高达5亿美元的股票回购。
These actions align with Teck's Capital Allocation Framework, which envisions a minimum of 30% of available cash flow for distributions to shareholders.
这些行动符合泰克的资本配置框架，该框架设想向股东分配的可用现金流至少为30％。
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