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Highland Valley Copper

Highland Valley Copper

Highland Valley Copper Operations is a copper and molybdenum operation located in south-central British Columbia.

About Highland Valley Copper

Highland Valley Copper (HVC) Operations is located approximately 17 kilometres west of Logan Lake and about 50 kilometres southwest of Kamloops in British Columbia. Teck has a 100% interest in HVC.

HVC produces both copper and molybdenum concentrates through autogenous and semi-autogenous grinding and flotation. Once processed, the metal concentrates are exported overseas, where the majority is sold under long-term sales contracts to smelters.

Copper production in 2021 is anticipated to be between 128,000 and 133,000 tonnes, with lower production in the first half of 2021.  Annual copper production from 2022 to 2024 is expected to be 135,000 and 165,000 tonnes per year.


Highland Valley Copper Operating Results

 

($ in millions)

2020

2019

2018

Revenue

$993

$1,005

$941

Gross Profit before depreciation and amortization (1)(2)

$476

$395

$343

Gross Profit (Loss)

$331

$196

$164

Production (000's tonnes)

119

121

101

Sales (000's tonnes)

119

124

103

Notes:
(1)Non-GAAP Financial Measure. See “Use of Non-GAAP Financial Measures” section for further information.
(2)See “Use of Non-GAAP Financial Measures” section for reconciliation. 
Teck

As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets.