Teck Reports Jump in Quarterly Earnings as Copper Prices Surge

Teck Resources Ltd. — the Canadian miner being acquired by Anglo American Plc — reported a jump in earnings aided by higher copper prices, while reaffirming output guidance including at the Quebrada Blanca mine.

Adjusted earnings before interest, taxes, depreciation, and amortization rose to C$1.51 billion ($1.1 billion) for the final three months of last year, up from C$835 million year ago, the company said in a statement. That topped the average analyst estimate tracked by Bloomberg. Revenue rose to C$3.06 billion.