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2015 Annual Report Highlights

About Teck

Teck is a diversified resource company committed to responsible mining and mineral development with business units focused on steelmaking coal, copper, zinc and energy. Headquartered in Vancouver, British Columbia, Canada, we own or have an interest in 12 mines, one large metallurgical complex, a wind power facility, and several major development projects in Canada, the United States, Chile and Peru. We have expertise across a wide range of activities related to exploration, development, mining and minerals processing, including smelting and refining, safety, environmental protection, materials stewardship, recycling and research.

Our corporate strategy is focused on exploring for, developing, acquiring and operating world-class, long-life assets in stable jurisdictions that operate through multiple price cycles. We maximize productivity and efficiency at our existing operations, maintain a strong balance sheet, and are nimble in recognizing and acting on opportunities. The pursuit of sustainability guides our approach to business, and we recognize that our success depends on our ability to establish safe workplaces for our people and collaborative relationships with communities.

2015 Highlights

Safety

  • Reduced our High-Potential Incident frequency rate by approximately 25% compared to 2014 and had no fatalities

Financial

  • Over $6.7 billion of liquidity at the end of 2015; cash balance of $1.9 billion and a US$3.0 billion unused line of credit
  • Revenues of $8.3 billion and gross profit before depreciation of $2.6 billion
  • Cash flow from operations of $2.0 billion
  • Completed two precious metal streaming transactions generating approximately $1.0 billion of cash

Operating and Development

  • Reduced cash costs per unit of production at all of our operations compared to 2014
  • Cost reduction program continued to reduce operating costs across all aspects of our organization
  • Achieved record annual mill throughput at Antamina of approximately 154,000 tonnes per day
  • Achieved record annual production of refined zinc and silver at Trail Operations
  • Construction of the Fort Hills oil sands project is more than 50% complete and progressing substantially on schedule and on budget

Sustainability

  • Achieved each of our 2010 to 2015 sustainability goals for our six focus areas — Community, Water, Energy, Biodiversity, Materials Stewardship, and Our People — and updated our long-term 2030 sustainability goals
  • Named to Dow Jones Sustainability World Index (DJSI) for the sixth consecutive year, the Global 100 Most Sustainable Corporations list by Corporate Knights for the fourth consecutive year, and the FTSE4Good Global Index for the first time

Investor Relations

Toll-free in Canada and the U.S.: 1.877.759.6226
Outside Canada and the U.S.: 604.699.4257
f: 604.699.4718
investors@teck.com

View All Contacts

Investor Relations

Toll-free in Canada and the U.S.: 1.877.759.6226
Outside Canada and the U.S.: 604.699.4257
f: 604.699.4718
investors@teck.com

View All Contacts
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Teck is a diversified resource company committed to responsible mining and mineral development with business units focused on copper, zinc, steelmaking coal and energy.