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礦業公司泰克資源有限公司（紐約證券交易所代碼：TECK）在強勁的鍊鋼煤銷售、創紀錄的銅產量和有利的銅價的推動下，2023年第四季度的收益超過了預期。
"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.
總裁兼首席執行官喬納森·普萊斯表示：“我們的第四季度業務表現強勁，本季度調整後的扣除利息、稅項、折舊和攤銷前的收益（EBITDA）爲17億美元，向股東返還了現金並推進了Quebrada Blanca業務的擴張，使泰克的季度銅產量創下了創紀錄的紀錄。” 他指出，該公司在不列顛哥倫比亞省的Trail Operations工廠生產的稀有金屬鍺取得了積極進展。
"We have always been able to sell the production that we generate from that facility," he said, clarifying pricing improved owing to Chinese restrictions.
他說：“我們一直能夠出售該設施生產的產品，” 他澄清說，由於中國的限制，價格有所改善。
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Higher copper prices, with a 2% increase in realized copper prices, contributed to Teck's overall positive financial results.
銅價上漲，已實現銅價上漲2％，爲泰克的整體財務業績做出了積極貢獻。
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年第四季度的銅總產量爲29.6萬噸，高於去年同期的27萬噸。鋅產量也大幅上升，精礦中的鋅從14.3萬噸增加到18.2萬噸，精煉鋅產量從4.6萬噸增加到7萬噸。
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年的戰略優先事項包括確保其銅投資組合的增長。該公司計劃延長其不列顛哥倫比亞省 HVC 礦的使用壽命，並啓動墨西哥聖尼古拉斯的許可程序。儘管表現強勁，但泰克仍將今年的銅預期維持在46.5萬至54萬噸，鋅預期維持在56.5萬至63萬噸。
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.
管理層注意到在計劃分離基本金屬和鍊鋼煤炭業務方面取得了進展。去年宣佈以90億美元的價格出售給嘉能可集團（場外交易代碼：GLCNF）的煤炭業務預計將於2024年第三季度完成。該交易尚待加拿大政府的批准，標誌着向專注於銅業務的戰略轉變。
"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.
“監管程序仍然進展順利，我們仍然有信心不遲於2024年第三季度完成該交易。因此，現階段一切都步入正軌。” 普萊斯說。
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.
業績公佈後，泰克宣佈向3月15日收盤時登記在冊的股東派發0.125美元的股息，將於3月28日支付。此外，泰克董事會已批准高達5億美元的股票回購。
These actions align with Teck's Capital Allocation Framework, which envisions a minimum of 30% of available cash flow for distributions to shareholders.
這些行動符合泰克的資本配置框架，該框架設想向股東分配的可用現金流至少爲30％。
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